---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-006772"
form_type: "8-K"
ticker: "ABCP"
cik: "0000020639"
company_name: "AmBase Corp"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:30:21.959386+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AmBase Corp obtains $300K working capital loan from CEO at 6.5%, due Feb 2029

## Summary
- Loan of $300,000 from Chairman/CEO Richard A. Bianco at 6.5% annual interest.
- Maturity: earlier of receipt of sufficient funds from any source (excluding certain litigation funding) or Feb 28, 2029.
- Bianco may convert note into a litigation funding agreement pari passu with any third-party litigation funder.
- Proceeds used for working capital; company has going-concern qualification and continues to seek additional funding.
- Loan is senior indebtedness; company cannot incur senior secured debt without Bianco's consent.

## SEC filing metadata
- accession: 0001140361-26-006772
- form_type: 8-K
- ticker: ABCP
- cik: 0000020639
- company_name: AmBase Corp
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/20639/000114036126006772/0001140361-26-006772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/20639/000114036126006772/ef20066480_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-006772
- JSON: https://secwatch.observer/filing/0001140361-26-006772.json
- Plain text: https://secwatch.observer/filing/0001140361-26-006772.txt

## Key facts
- Material Agreements
  AmBase Corp entered into Promissory Note with Mr. Richard A. Bianco valued at three hundred thousand dollars ($300,000).
  - Action: entry
  - Counterparty: Mr. Richard A. Bianco
  - Value: three hundred thousand dollars ($300,000)
  source text: AmBase Corporation (the “Company”) and Mr. Richard A. Bianco, the Company’s Chairman, President and Chief Executive Officer (“Mr. R. A. Bianco”) entered into a Senior Promissory Note for Mr. R. A. Bianco to provide a loan to the Company of three hundred thousand dollars ($300,000) at an interest rate of 6.5% per annum, (the “Promissory Note”), for working capital.
  evidence_url: https://www.sec.gov/Archives/edgar/data/20639/000114036126006772/0001140361-26-006772-index.htm

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