AmBase Corp. CEO provides $100,000 working capital loan at 6.5% interest

AmBase Corp

CEO Richard A. Bianco loans AmBase $100,000 at 6.5% interest for working capital.
Note matures upon receipt of sufficient funds (excluding litigation funders) or by November 30, 2028.
Bianco may convert outstanding into litigation funding agreement pari passu with third-party funders.
AmBase continues to face going concern uncertainty; exploring up to $5M in third-party litigation funding.

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