Recent Updates — ABCP

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.

AmBase Corporation and Chairman Richard A. Bianco entered into a letter agreement on July 30, 2026, pursuant to which Mr. Bianco paid the Company an additional $1,000,000. These funds are designated for working capital needs and continuing litigation-related expenses regarding the 111 West 57th Property. The contribution was made under the terms of a previously executed Litigation Funding Agreement dated March 2, 2026, which initially provided up to $6,000,000. AmBase continues to face going concern qualifications and is exploring strategic alternatives, including equity or debt issuances, to meet capital requirements. The company operates in the real estate investment industry.