AmBase Corp enters $250K loan from CEO Richard Bianco for working capital

AmBase Corp

$250,000 loan from Chairman/CEO Richard A. Bianco at 6.5% interest, due Sept 2028 or upon settlement proceeds.
CEO may convert loan into litigation funding agreement pari passu with third-party funding.
Company continues to explore up to $5M in third-party litigation funding for 111 West 57th Property legal proceedings.
Financial statements include going concern qualification; loan provides working capital for operations and litigation.

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