AmBase Corp Files 8-K for Material Agreement
Ticker: ABCP · Form: 8-K · Filed: Sep 29, 2025 · CIK: 20639
| Field | Detail |
|---|---|
| Company | Ambase Corp (ABCP) |
| Form Type | 8-K |
| Filed Date | Sep 29, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $250,000, $5 million, $250,000, b |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-k, corporate-filing
TL;DR
AmBase Corp just filed an 8-K for a new material agreement - big news coming.
AI Summary
AmBase Corporation filed an 8-K on September 29, 2025, reporting an event that occurred on September 26, 2025. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. The company, formerly known as Home Group Inc. and Cityhome Corp, is incorporated in Delaware and headquartered in Coral Springs, Florida.
Why It Matters
This 8-K filing signals a significant new development for AmBase Corporation, potentially impacting its business operations and financial standing.
Risk Assessment
Risk Level: medium — The filing of an 8-K for a material definitive agreement suggests a significant business event that could carry inherent risks and opportunities.
Key Numbers
- 001-07265 — SEC File Number (Identifies the company's filing history with the SEC.)
- 95-2962743 — IRS Employer Identification Number (Unique identifier for tax purposes.)
Key Players & Entities
- AmBase Corporation (company) — Registrant
- September 29, 2025 (date) — Date of Report
- September 26, 2025 (date) — Date of earliest event reported
- Home Group Inc. (company) — Former Company Name
- Cityhome Corp (company) — Former Company Name
- Coral Springs, Florida (location) — Principal Executive Offices
FAQ
What is the nature of the material definitive agreement AmBase Corporation entered into?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item of information, but the specific details of the agreement are not provided in this excerpt.
When did the event triggering this 8-K filing occur?
The earliest event reported occurred on September 26, 2025.
What are AmBase Corporation's former names?
AmBase Corporation was formerly known as Home Group Inc. and Cityhome Corp.
Where are AmBase Corporation's principal executive offices located?
The principal executive offices are located at 7857 West Sample Road, Suite 134, Coral Springs, Florida 33065.
What is the filing date of this Current Report?
This Current Report was filed on September 29, 2025.
Filing Stats: 1,162 words · 5 min read · ~4 pages · Grade level 12.6 · Accepted 2025-09-29 15:15:34
Key Financial Figures
- $250,000 — of two hundred fifty thousand dollars ($250,000) at an interest rate of 6.5% per annum,
- $5 million — tions of the litigation costs for up to $5 million of funding, at market terms to be agree
- $250,000, b — itle 10.1 Senior Promissory Note for $250,000, between Richard A. Bianco ("Mr. R. A. Bia
Filing Documents
- ef20056236_8k.htm (8-K) — 29KB
- ef20056236_ex10-1.htm (EX-10.1) — 26KB
- 0001140361-25-036484.txt ( ) — 177KB
- abcp-20250926.xsd (EX-101.SCH) — 4KB
- abcp-20250926_lab.xml (EX-101.LAB) — 20KB
- abcp-20250926_pre.xml (EX-101.PRE) — 14KB
- ef20056236_8k_htm.xml (XML) — 4KB
01
Item 1.01 Entry Into a Material Definitive Agreement . In September 2025, AmBase Corporation (the "Company") and Mr. Richard A. Bianco, the Company's Chairman, President and Chief Executive Officer ("Mr. R. A. Bianco") entered into a Senior Promissory Note for Mr. R. A. Bianco to provide a loan to the Company of two hundred fifty thousand dollars ($250,000) at an interest rate of 6.5% per annum, (the "Promissory Note"), for working capital. The Promissory Note is due on the earlier of the date the Company receives funds from any source, (but potentially excluding funds received by the Company by any litigation funding entity to fund any of the 111 West 57 th legal proceedings), sufficient to pay all amounts due under this this Note, including all accrued interest thereon, including without limitation, from a settlement of the 111 West 57 th legal proceedings or (b) September 30, 2028. The Company and Mr. R. A. Bianco further agreed that amounts due pursuant to the Promissory Note plus interest can be converted by Mr. R. A. Bianco, at its option, into a litigation funding agreement pari-pasu with any litigation funding agreement entered into by the Company with a litigation funding entity. A copy of the Promissory Note is filed herewith as Exhibit 10.1 and is incorporated herein by reference. As previously disclosed in the reports filed by the Company under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company's financial statements have expressed a qualification about the Company's ability to continue as a going concern. In order to provide the necessary cash resources to continue operations and continue the litigation related to the 111 West 57th Property, the Company continues to consider and evaluate various strategic funding and/or financing alternatives. Such additional funding may be provided by a variety of sources, including but not limited to third parties, existing shareholders of the Company and/or Company management,
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit Number Exhibit Title 10.1 Senior Promissory Note for $250,000, between Richard A. Bianco ("Mr. R. A. Bianco") and the Company. 104.1 The Cover Page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMBASE CORPORATION By /s/ John Ferrara John Ferrara Vice President and Chief Financial Officer and Controller AmBase Corporation Date: September 29, 2025