AmBase Corp (ABCP) Form 8-K — Oct 13, 2026
AmBase Corporation announced that Chairman, President and CEO Richard A. Bianco paid the company an additional $1.5 million on October 13, 2026 under the March 2026 litigation funding agreement, on the same terms as the original $6 million facility. The funds are earmarked for working capital and continuing litigation expenses related to the 111 West 57th Property, where AmBase is pursuing legal claims and considering alternatives including a possible sale of its interest.
Key figures
- Additional funding oct2026
- $1,500,000
- Lfa recovery multiple range
- 1.0x to 3.5x amounts funded
- Rab2026 lfa initial commitment
- $6,000,000
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