# AmBase Corp (ABCP) — strategic_review/formal_alternatives [announced]
Source: SEC API (secapi.ai) · situation sit_439b391494ebdeaf9332 · retrieved 2026-08-11T16:13:58.543Z

## Overview
AmBase Corporation is a real estate operator holding an equity investment in the 111 West 57th Property and pursuing litigation to recover and protect the value of that investment.

On July 30, 2026, AmBase Corporation and Richard A. Bianco, the Company's Chairman, President and Chief Executive Officer, entered into a letter agreement pursuant to which Bianco paid the Company an additional $1,000,000 for working capital needs and continuing litigation-related expenses with respect to the 111 West 57th Property. This additional funding was made pursuant to the same terms and conditions of the Litigation Funding Agreement dated March 2, 2026, under which Bianco agreed to provide up to an aggregate initial amount of $6,000,000. The combined funding from Bianco now totals $7,000,000.

## Terms
- Counterparty: Richard A. Bianco · Consideration: cash

## Key dates
- Announced 2026-07-31

## Timeline
- 2026-07-31 · 8-K (0001140361-26-030442): 8-K - AmBase Corp — *AmBase Corporation is a real estate operator holding an equity investment in the 111 West 57th Property and pursuing litigation to recover and protect the value of that investment.* On July 30, 2026, AmBase Corporation and Richard A. Bianco, the Company's Chairman, President and Chief Executive Officer, entered into a letter agreement pursuant to which Bianco paid the Company an additional $1,000,000 for working capital needs and continuing litigation-related expenses with respect to the 111 West 57th Property. This additional funding was made pursuant to the same terms and conditions of the Litigation Funding Agreement dated March 2, 2026, under which Bianco agreed to provide up to an aggregate initial amount of $6,000,000. The combined funding from Bianco now totals $7,000,000.
  https://www.sec.gov/Archives/edgar/data/20639/0001140361-26-030442.txt

## Citations
- 0001140361-26-030442 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126030442