AmBase secures additional $1.5 million from CEO Bianco to fund 111 West 57th litigation

AmBase secured an extra USD 1,500,000 from CEO Richard A. Bianco to fund litigation tied to the 111 West 57th property. The payment, made under an existing litigation funding agreement, adds to a USD 6,000,000 initial funding commitment. Management flagged substantial continuing litigation costs tied to the dispute over its 111 West 57th investment. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AmBase Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-039418), on October 13, 2026, and is solely responsible for the information contained therein. (C)