---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-048490"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:29:43.391059+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AmBase secures $500K loan from CEO Richard Bianco at 6.5% for working capital

## Summary
- $500K senior promissory note from Chairman/CEO Richard A. Bianco at 6.5% annual interest.
- Maturity upon receipt of sufficient funds (excluding litigation funding) or December 31, 2027.
- Bianco can convert amounts due into a litigation funding agreement pari passu with any third-party funder.
- Company continues to explore up to $5M in third-party litigation funding; has going-concern qualification.

## SEC filing metadata
- accession: 0001140361-24-048490
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036124048490/0001140361-24-048490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036124048490/ef20039633_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-048490
- JSON: https://secwatch.observer/filing/0001140361-24-048490.json
- Plain text: https://secwatch.observer/filing/0001140361-24-048490.txt

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