---
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"
generated_at: "2026-05-31T08:19:53.616229+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AmBase secures $2M promissory note from director-affiliated BARC at 6.5% interest

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-038071
- JSON: https://secwatch.observer/filing/0001140361-24-038071.json
- Plain text: https://secwatch.observer/filing/0001140361-24-038071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.