Highest-materiality recent filing
AmBase secures $6M litigation funding from CEO; BARC converts $2M note to fund recovery fight
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.
AmBase receives $500K CEO loan at 6.5% due June 2028
Chairman/CEO Richard A. Bianco lends $500,000 at 6.5% interest for working capital; maturity June 30, 2028.
AmBase CEO provides $100,000 loan to company at 6.5% for working capital
CEO Richard A. Bianco loans AmBase $100,000 at 6.5% annual interest; due by May 31, 2028 or sooner if funds received.
AmBase auditor Marcum resigns; CBIZ CPAs engaged as new auditor
Marcum LLP resigned as independent registered public accounting firm on April 22, 2025; no disagreements or reportable events.
AmBase enters $1M promissory note with CEO Bianco at 6.5% interest
$1,000,000 senior promissory note from Chairman/CEO Richard A. Bianco to the Company at 6.5% per annum.
AmBase secures $2M promissory note from director-affiliated BARC at 6.5% interest
$2M loan from BARC Investments (affiliated with two directors) at 6.5% per annum for working capital.
AmBase launches $8.8M private placement of 44.2M shares at $0.20, standby purchaser from insiders
Gross proceeds of ~$8.8M from sale of 44.2M shares at $0.20 each to existing accredited stockholders.
Private placement of 44,200,460 shares at $0.20/sh; expected gross proceeds ~$8.8M.
AmBase receives $600K CEO loan at 7%; note due by Dec 2025; seeking $7M total funding
Company entered $600,000 senior promissory note from Chairman/CEO Richard A. Bianco at 7% interest for working capital.
AmBase enters $300K promissory note with CEO at 7% interest for working capital
CEO Richard Bianco loans $300,000 at 7% annual interest for working capital, due Oct 31, 2025 or earlier upon receipt of sufficient funds.
AmBase extends CEO contract to 2028; warns cash may be insufficient, seeks ~$7M funding
CEO Richard Bianco employment term extended from May 31, 2023 to May 31, 2028 via Third Amendment.
AmBase Corporation (“AmBase” or the “Company”) announced the passing of Mr. Jerry Y. Carnegie, a Director of the Company since 2009.
The Board has appointed Mr. Scott M. Salant (“Mr. Salant”) as a member of the Board effective as of January 20, 2023.
Max materiality 0.85 · Median 0.50 · Most common event debt