AmBase Corporation
ABCP
Other OTC0.25
USD
+0.01
- -
AmBase Corporation
ABCP
(Other OTC)
Recent
price
0.25
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- AmBase Corporation (ABCP) operates as a holding company with no significant current operations; it previously invested in real estate development properties and acts as investment banker and financial advisor to SDG, Inc., a development-stage company, and its subsidiaries and affiliates. The company provides services related to the management, operation, ownership, and lease of commercial office buildings through its subsidiaries; its primary focus centers on pursuing litigation recovery from its equity interest in the 111 West 57th Street real estate development project in New York City, stemming from disputes over capital calls, misrepresentations, and strict foreclosure proceedings initiated in 2017. Founded in 1975 and headquartered in Coral Springs, Florida, AmBase targets recovery through ongoing legal actions in New York courts, with operations primarily in the United States. Recent developments include a private placement in April 2024 raising $8.84 million through the issuance of 44.2 million common shares to fund operations and litigation costs; entry into a standby purchase agreement with BARC Investments LLC, an affiliate controlled by company directors, for additional equity support; and anticipation of up to $0.25 million in funding as announced in July 2024. In November 2025, Chairman, President, and CEO Richard A. Bianco provided a $100,000 senior promissory note at 6.5% interest for working capital, convertible into litigation funding on a pari-passu basis with third-party funders, amid evaluation of up to $5 million in external litigation financing structures offering 1.0 to 3.5 times return multiples. The company continues to report operating losses, with a 2024 net loss of $6.62 million driven by elevated legal and professional fees related to the 111 West 57th litigation, and maintains a going concern qualification due to insufficient cash flows.
South Street Securities Holdings Inc. Acquires 100% Equity Interest in Lime Funding LLC, an Asset-Backed Commercial Paper Conduit
7 ‘Lottery Ticket Stocks' That Could Turn $1K into $10K
AMBASE REPORTS RESULTS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2023
AMBASE REPORTS RESULTS FOR THE THIRD QUARTER and NINE MONTHS ENDED SEPTEMBER 30, 2023
AMBASE REPORTS RESULTS FOR THE SECOND QUARTER and SIX MONTHS ENDED JUNE 30, 2023
AMBASE REPORTS RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2023
Ambase Reports Results For The Second Quarter And Six Months Ended June 30, 2021
AmBase Reports Results for the Three Months Ended March 31, 2021