AmBase enters $300K promissory note with CEO at 6.5% for working capital

AmBase Corp

$300,000 loan from Chairman/CEO Richard A. Bianco at 6.5% interest; due earlier of litigation settlement or Dec 31, 2028.
Proceeds for general working capital; note can be converted into a litigation funding agreement pari passu with other funders.
Company continues to evaluate additional funding up to $5M via third-party litigation funders at market terms.
Going concern qualification previously disclosed; cash needed to continue operations and pursue 111 West 57th Property litigation.

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