{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-007783","form_type":"8-K","ticker":"ABCP","cik":"0000020639","company_name":"AmBase Corp","filed_at":"2026-03-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.139832+00:00","generated_at":"2026-05-15T21:53:33.356851+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"AmBase secures $6M litigation funding from CEO; BARC converts $2M note to fund recovery fight","bullets":["CEO Richard Bianco provides $6M initial funding via RAB 2026 LFA: $4M debt conversion plus $1M now and $1M within 30 days for litigation and working capital.","BARC Investments converts $2M note into litigation funding on pari-passu terms, further reducing Company's share of future proceeds.","Litigation proceeds from 111 West 57th Street case distributed: first $7.5M to Company, then funders receive funding plus 0.5x-1.8x multiple before Company gets remainder.","Special Committee of one independent director, advised by outside counsel, determined RAB LFA is fair and in best interests of stockholders.","Company still has going-concern qualification and expects to need additional capital; no assurance of successful recovery."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-007783","json":"https://secwatch.observer/filing/0001140361-26-007783.json","markdown":"https://secwatch.observer/filing/0001140361-26-007783.md","text":"https://secwatch.observer/filing/0001140361-26-007783.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20639/000114036126007783/0001140361-26-007783-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20639/000114036126007783/ef20067111_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:53:33.356851+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}