{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-038071","form_type":"8-K","ticker":"ABCP","cik":"0000020639","company_name":"AmBase Corp","filed_at":"2024-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.407698+00:00","generated_at":"2026-05-31T08:19:53.616229+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AmBase secures $2M promissory note from director-affiliated BARC at 6.5% interest","bullets":["$2M loan from BARC Investments (affiliated with two directors) at 6.5% per annum for working capital.","Maturity: earlier of receipt of sufficient funds (excluding litigation funding for 111 West 57th) or Aug 31, 2027.","BARC may convert amounts due into a litigation funding agreement on pari passu basis.","Company continues to face going concern qualification; evaluating additional funding options up to $5M from third-party litigation funders.","Loan is senior obligation; company may not incur senior secured debt without BARC consent."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-038071","json":"https://secwatch.observer/filing/0001140361-24-038071.json","markdown":"https://secwatch.observer/filing/0001140361-24-038071.md","text":"https://secwatch.observer/filing/0001140361-24-038071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20639/000114036124038071/0001140361-24-038071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20639/000114036124038071/ef20034011_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T08:19:53.616229+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}