{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-25-008585","form_type":"8-K","ticker":"ABCP","cik":"0000020639","company_name":"AmBase Corp","filed_at":"2025-03-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.889328+00:00","generated_at":"2026-05-24T21:41:54.098257+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"AmBase obtains $100K promissory note from CEO Bianco at 6.5% for working capital","bullets":["CEO Richard A. Bianco lends $100,000 to AmBase at 6.5% annual interest; principal and interest due on earlier of receipt of settlement funds (excluding litigation funding) or March 31, 2028.","Bianco may convert amounts due into a litigation funding agreement on a pari-passu basis with any third-party litigation funder.","Company faces going concern qualification; continues seeking up to $5 million in third-party litigation funding.","Loan proceeds are for working capital; company has limited cash and relies on 111 West 57th litigation recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-25-008585","json":"https://secwatch.observer/filing/0001140361-25-008585.json","markdown":"https://secwatch.observer/filing/0001140361-25-008585.md","text":"https://secwatch.observer/filing/0001140361-25-008585.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20639/000114036125008585/0001140361-25-008585-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20639/000114036125008585/ef20045280_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T21:41:54.098257+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"}