Barc Investments LLC - Feb 28, 2024 Form 4 Insider Report for AmBase Corp (ABCP)

Role: 10%+ Owner
Signature: By: /s/ Richard A. Bianco, Jr., Richard A. Bianco, Jr. Authorized Signatory
Stock symbol: ABCP
Transactions as of: Feb 28, 2024
Transactions value $: $8,840,092
Form type: 4
Date filed: 3/7/2024, 04:03 PM
Next filing: May 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABCP	Common Stock, par value $0.01	Purchase	$8.84M	+44.2M	+276.25%	$0.20	60.2M	Feb 28, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 28, 2024, the reporting person entered into a Standby Purchase Agreement with AmBase Corporation (the "Company"), pursuant to which the reporting agreement irrevocably committed to purchase up to 44,200,460 shares of the Company's common stock in a private placement (the "Offering"), subject to reduction based upon the exercise of purchase rights by other stockholders of the Company in the Offering. The Offering is expected to close on or about April 7, 2024, at which time the exact number of shares to be purchased by the reporting person will be determined.

Content

On February 28, 2024, the reporting person entered into a Standby Purchase Agreement with AmBase Corporation (the "Company"), pursuant to which the reporting agreement irrevocably committed to purchase up to 44,200,460 shares of the Company's common stock in a private placement (the "Offering"), subject to reduction based upon the exercise of purchase rights by other stockholders of the Company in the Offering. The Offering is expected to close on or about April 7, 2024, at which time the exact number of shares to be purchased by the reporting person will be determined.