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AmBase entered into an agreement with CEO Richard A. Bianco for an additional $1.5 million to support working capital and litigation costs tied to the 111 West 57th Property. The funding is under the same terms as the company’s 2026 Litigation Funding Agreement.
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 ove