---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-041709"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:12:03.360368+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AmBase enters $1M promissory note with CEO Bianco at 6.5% interest

## Summary
- $1,000,000 senior promissory note from Chairman/CEO Richard A. Bianco to the Company at 6.5% per annum.
- Note matures on earlier of receipt of sufficient funds (excluding certain litigation funding) or September 30, 2027.
- Amounts due can be converted into a litigation funding agreement pari passu with future third-party funding.
- Company has going concern qualification; seeking up to $5M in additional litigation funding.
- Proceeds used for working capital; note is senior to other unsecured debt.

## SEC filing metadata
- accession: 0001140361-24-041709
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-09-24T23:59:59+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/20639/000114036124041709/0001140361-24-041709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124041709/ef20036207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-041709
- JSON: https://secwatch.observer/filing/0001140361-24-041709.json
- Plain text: https://secwatch.observer/filing/0001140361-24-041709.txt

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