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 Corporation entered into a $100,000 Senior Promissory Note with its Chairman, President and CEO, Richard A. Bianco, who is lending the company funds at 6.5% annual interest for working capital. The note is due on the earlier of the company receiving sufficient funds from any source to repay all amounts owed (with a potential exclusion for certain litigation funding tied to the 111 West 57th legal proceedings) or January 31, 2029. Mr. Bianco may instead convert the amount owed, plus interest, into a litigation funding agreement on the same terms as any such agreement the company signs with a third-party litigation funder.
The company reiterates that its financial statements include a going concern qualification and that it is actively considering a range of funding and financing options to support operations and the 111 West 57th Property litigation. Potential sources include third parties, existing shareholders and management, through structures such as litigation funding agreements, equity or debt securities, or loans. AmBase explains that litigation funding arrangements typically return the funder its initial capital first, plus an additional multiple of about 1.0x to 3.5x, and possibly extra fees, expenses, interest and a share of any recovery. The company also continues to explore options to realize value or sell its interest and rights in the 111 West 57th Property, while cautioning there is no assurance it can secure funding or prevail in its legal claims.
AmBase Corporation filed a current report to disclose a personnel change. Effective January 1, 2026, Joseph R. Bianco ceased to be an employee of AmBase Corporation. The report is presented under the item covering departures of directors or principal officers, elections of directors, and appointments of principal officers.
The company does not add new financial information in this report and instead points readers to its prior periodic reports for a fuller discussion of its financial condition, results of operations, risk factors, and forward-looking statements. The filing is signed on behalf of AmBase by John Ferrara, Vice President, Chief Financial Officer and Controller.
AmBase Corporation reported that its Chairman, President and CEO, Richard A. Bianco, has provided the company with a $300,000 senior promissory note to supply working capital. The loan carries a 6.5% annual interest rate and is due on the earlier of the company receiving sufficient funds from any source to repay all principal and interest, potentially excluding certain litigation funding for the 111 West 57th legal proceedings, or December 31, 2028.
Mr. Bianco may convert amounts owed under the note into a litigation funding agreement on the same terms as any such agreement the company enters with a litigation funder. AmBase reiterates that its financial statements include a going concern qualification and that it is actively evaluating additional funding options, including litigation funding agreements, equity or debt securities, and loans. It is exploring up to $5 million of additional litigation funding, where funders typically recover their capital first plus a multiple of 1.0x to 3.5x and possible extra fees or a share of any recovery.
AmBase Corporation entered into a Senior Promissory Note under which its Chairman, President and CEO, Richard A. Bianco, is lending the company $100,000 at an interest rate of 6.5% per annum for working capital. The note is due on the earlier of the company receiving funds sufficient to repay all amounts due, including from any settlement of the 111 West 57th legal proceedings, or November 30, 2028.
Mr. Bianco may also convert amounts owed under the note into a litigation funding agreement on a pari-passu basis with any third-party litigation funders. AmBase reiterates that its financial statements include a going concern qualification and that it is actively evaluating additional funding options, including litigation funding agreements for up to $5 million, potential equity or debt securities, and loans, while emphasizing there is no assurance it will obtain such financing or prevail in its 111 West 57th Property litigation.
AmBase Corporation filed its quarterly report for the period ended September 30, 2025, reporting a net loss of $1.091 million for Q3 and $3.766 million for the nine months. Management states there is substantial doubt about the company’s ability to continue as a going concern based on current cash resources and expected needs.
Cash and cash equivalents were $239,000 at September 30, 2025, against total liabilities of $8.130 million, driven primarily by related‑party loans of $2.0 million (BARC Investments LLC) and $3.2 million (R.A. Bianco). Stockholders’ equity was a deficit of $7.891 million. Q3 operating expenses were $985,000, down from $1.523 million a year ago; interest expense for the nine months was $245,000.
The company continues multiple legal actions related to its former investment in the 111 West 57th Property. The court set a bench trial for November 30, 2026 in two matters, with interim decisions issued on September 9, 2025 and appeal activity continuing. During 2025, AmBase recorded $124,000 of other income from an employee retention credit refund.
AmBase Corporation reported the execution of a Senior Promissory Note in the principal amount of $250,000 between the company and Richard A. Bianco. The 8-K lists the promissory note as Exhibit 10.1 and includes the cover page in Inline XBRL as Exhibit 104.1. This filing documents a new senior debt obligation of $250,000 to a named individual and does not disclose additional financial terms, use of proceeds, or material operational changes.