AmBase Corp

AmBase Corp. held its annual meeting on May 27, 2026, where stockholders voted on two key proposals. Richard A. Bianco was elected as a director for a three-year term, receiving 50,116,832 votes in favor. Additionally, stockholders approved the compensation of the company's Named Executive Officers on a non-binding advisory basis, with 48,423,126 votes for the proposal.

AmBase Corp reported a net loss of $0.78 million for Q1 2026, an improvement from the $1.59 million loss in Q1 2025. Despite the reduced loss, management expressed substantial doubt about the company's ability to continue as a going concern within the next year due to ongoing operating losses and cash usage. To address capital needs and fund significant litigation related to the 111 West 57th Property, AmBase entered into litigation funding agreements with related parties, which will reduce its share of any future litigation proceeds.