Financing ·
AmBase receives $1.5M additional litigation funding from Chairman Bianco for working capital
ABCPAmBase Corp
AmBase Corporation received an additional $1,500,000 in litigation funding from its Chairman and CEO Richard A. Bianco on October 13, 2026. This payment was made under the terms of a March 2026 Litigation Funding Agreement to support working capital needs and continuing litigation expenses related to the company's interest in the 111 West 57th Property. The filing notes that the company has expressed a going concern qualification and is exploring strategic alternatives, including equity or debt sales, to meet future capital requirements. AmBase Corporation operates as an investment holding company focused on real estate assets.