AmBase Corporation filings document material agreements, capital resources, governance matters, and risk disclosures for the company. The company’s 8-K reports disclose senior promissory notes for working capital, litigation funding arrangements, and going-concern language related to its ability to continue operations and pursue litigation tied to the 111 West 57th Property.
Proxy materials describe annual meeting procedures, director elections, advisory executive-compensation votes, record dates, and stockholder voting mechanics. Periodic reports referenced in company materials provide context on financial condition, operating results, risk factors, capital structure, and corporate affairs.
AmBase Corp. reported a third-quarter net loss of $1.240 million, compared with $1.091 million a year earlier; its nine-month net loss was $2.751 million versus $3.766 million. Operating activities used $3.353 million of cash during the nine months, compared with $1.775 million in 2025, and cash and equivalents were $106,000 as of September 30, 2026.
Management said existing cash may not cover operating needs through the 12-month period from September 30, 2026, and determined substantial doubt exists about AmBase’s ability to continue as a going concern. At September 30, 2026, litigation funding agreements with Richard A. Bianco, the company’s Chairman, President and Chief Executive Officer, and BARC Investments LLC showed $7 million and $2 million outstanding, respectively. The agreements entitle the funders to portions of proceeds from the 111 West 57th litigation, reducing the company’s share. In October 2026, Bianco paid an additional $1.5 million under the same agreement terms.
AmBase Corporation (ABCP) received an additional $1,500,000 from Richard A. Bianco, its chairman, president and chief executive officer, on October 13, 2026, under their existing litigation funding agreement. The company said the funds are for working capital and continuing litigation-related expenses concerning the 111 West 57th Property. The agreement provided for up to an aggregate initial amount of $6,000,000, plus further amounts as needed and agreed by both parties.
AmBase says its financial statements have expressed a qualification about its ability to continue as a going concern and that it needs additional capital to fund anticipated future litigation expenses. It says it cannot assure it can raise financing on acceptable terms. The company describes litigation funding agreements generally as returning the funder’s initial funding before any company recovery, plus an additional multiple of 1.0 times to 3.5 times the amount funded; depending on the funder, fees, expenses, interest and a percentage of recovery may also apply.
AmBase Corporation reported continued operating losses for the quarter ended June 30, 2026 while remaining focused on litigation tied to its former equity interest in the 111 West 57th Street real estate project. Operating expenses for the quarter were $705 thousand, leading to a quarterly net loss of $736 thousand; for the first six months of 2026, the net loss was $1.51 million, compared with $2.68 million in the prior-year period.
The balance sheet is extremely thin: total assets were $98 thousand, entirely cash and cash equivalents, against total liabilities of $2.29 million plus $8.0 million of related-party litigation funding obligations, resulting in a stockholders’ deficit of $10.20 million as of June 30, 2026. The company discloses that it has no operating revenues and manages its business as a single segment focused on managing its assets and liabilities and pursuing legal proceedings related to the 111 West 57th Property.
Management states there is substantial doubt about AmBase’s ability to continue as a going concern over the next 12 months, given recurring losses, negative operating cash flow of $2.37 million in the first half of 2026, and minimal cash reserves. To fund operations and litigation, AmBase relies heavily on loans and litigation funding agreements from its chairman and an affiliated entity, under which up to $6.0 million from the chairman and $2.0 million from the affiliate are committed and will be repaid from any future litigation proceeds before shareholders participate.
AmBase Corporation entered into a new letter agreement with its Chairman, President and Chief Executive Officer, Richard A. Bianco, under which Bianco provided an additional $1,000,000 on July 30, 2026. This funding, made on the same terms as the existing 2026 Litigation Funding Agreement that permits up to an initial $6,000,000, is intended for working capital and ongoing legal costs related to the 111 West 57th Property.
The company notes that its financial statements contain a going‑concern qualification and that it must raise further capital to fund operations and litigation. Management is evaluating strategic alternatives, including additional equity or debt, borrowings from affiliates or others, and further litigation funding arrangements, but there is no assurance of securing financing or recovering the value of its investment in the 111 West 57th Property.
AmBase Corporation reported the results of its annual meeting of stockholders held on May 27, 2026. Stockholders elected director Richard A. Bianco to a three-year term, with 50,116,832 votes for and 493,462 votes withheld, and no broker non-votes.
In a separate non-binding advisory vote, stockholders approved the compensation of the company’s named executive officers as described in the 2026 Proxy Statement, with 48,423,126 votes for, 1,989,983 against, 197,335 abstentions, and no broker non-votes. The terms of directors Richard A. Bianco, Jr., Alessandra F. Bianco and Scott M. Salant continued after the meeting.
AmBase Corporation reported a net loss of $775 thousand for the three months ended March 31, 2026, narrowing from a $1,592 thousand loss a year earlier. Operating expenses fell to $678 thousand from $1,537 thousand, mainly on sharply lower professional and outside services.
Cash and cash equivalents increased to $533 thousand from $87 thousand at December 31, 2025, helped by related-party financing and new litigation funding. Total liabilities were $2,493 thousand, and stockholders’ equity was a deficit of $9,460 thousand. Management states there is substantial doubt about the Company’s ability to continue as a going concern without additional capital.
The business is effectively a single litigation-driven segment centered on disputes over the 111 West 57th Property. In March 2026, AmBase converted $4,000 thousand of loans from its CEO and $2,000 thousand from affiliate BARC into litigation funding agreements and secured further funding commitments tied to potential recoveries, which will reduce the Company’s share of any future litigation proceeds.
AmBase Corporation calls its 2026 annual meeting for May 27, 2026 in Tarrytown, NY, asking shareholders to elect Chairman, President and CEO Richard A. Bianco to a new three-year board term and to approve, on an advisory basis, compensation for named executive officers.
The proxy details a highly concentrated ownership structure, with BARC Investments LLC, controlled by Alessandra F. Bianco and Richard A. Bianco Jr., holding about 59.9 million shares, or 70.5% of common stock as of March 20, 2026. Directors and officers as a group control 72.4%.
Executive pay is largely salary and benefits, with no bonuses, equity awards or stock plans in 2024–2025. In 2025, total compensation was $540,742 for Mr. Bianco, $280,589 for CFO John Ferrara and $164,129 for Treasurer Joseph R. Bianco.
The proxy also highlights several related-party arrangements tied to AmBase’s investment and litigation over the 111 West 57th Street property, including a 10% subordinated participation interest for Mr. Bianco and new 2026 litigation funding agreements under which Mr. Bianco and BARC provide up to $8 million of funding in exchange for priority and percentage interests in future litigation proceeds, reducing AmBase’s share of any recovery.
AmBase Corporation reported a net loss of $4.56 million for 2025, improving from a $6.62 million loss in 2024 as legal and professional fees fell. At year-end 2025, the company held only $87,000 of cash against $8.77 million of liabilities, resulting in a stockholders’ deficit of $8.69 million.
Auditors and management highlight substantial doubt about AmBase’s ability to continue as a going concern, given persistent losses and minimal liquidity. The business now largely revolves around disputes over its former equity investment in the 111 West 57th Street property, fully impaired in 2017, and related litigation.
To fund operations and litigation, AmBase relies on related-party loans and litigation funding agreements with its CEO and BARC Investments LLC, which convert prior loans into arrangements that claim priority over any future recoveries from the 111 West 57th litigations and further reduce AmBase’s share of potential proceeds.
AmBase Corporation has entered into new litigation funding agreements to keep operating and continue its legal fight over the 111 West 57th Street property. Chairman and CEO Richard A. Bianco agreed to provide up to $6,000,000, including converting $4,000,000 of existing promissory notes and advancing two separate $1,000,000 cash payments for litigation costs and working capital.
BARC Investments LLC converted its $2,000,000 note into a similar litigation funding arrangement on a pari passu basis. These structures give funders significant rights to future litigation proceeds, further reducing AmBase’s share, while the company still faces going concern uncertainty and may need additional capital on potentially expensive terms.
AmBase Corporation entered into a Senior Promissory Note under which Chairman, President and CEO Richard A. Bianco is lending the company $300,000 at an annual interest rate of 6.5% for working capital. The note is payable on the earlier of certain cash inflows sufficient to repay it, including any settlement of the 111 West 57th legal proceedings, or February 28, 2029.
The loan may, at Mr. Bianco’s option, be converted into a litigation funding agreement on terms equal to any third-party litigation funder. AmBase reiterates that its financial statements contain a going concern qualification and that it is actively evaluating additional funding and financing options, including potential litigation funding, equity or debt issuances, and loans, with no assurance of success or recovery from its 111 West 57th Property disputes.