---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-010698"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T04:26:39.436533+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AmBase Corp. CEO provides $400k loan at 6.5% for working capital

## Summary
- $400k senior promissory note to Chairman/CEO Richard A. Bianco at 6.5% interest.
- Loan due on earlier of receipt of sufficient funds (excluding litigation funding for 111 West 57th) or March 31, 2028.
- CEO can convert amounts due into a litigation funding agreement pari passu with third-party funders.
- Company continues to explore up to $5M in third-party litigation funding for 111 West 57th litigation costs.
- Company's financials include going concern qualification; needs additional cash for operations and litigation.

## SEC filing metadata
- accession: 0001140361-25-010698
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036125010698/0001140361-25-010698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036125010698/ef20046255_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-010698
- JSON: https://secwatch.observer/filing/0001140361-25-010698.json
- Plain text: https://secwatch.observer/filing/0001140361-25-010698.txt

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