Barc Investments LLC 4
4 · AmBase Corp · Filed Mar 7, 2024
Insider Transaction Report
Form 4
AmBase CorpABCP
Barc Investments LLC
10% Owner
Transactions
- Purchase
Common Stock, par value $0.01
2024-02-28$0.20/sh+44,200,460$8,840,092→ 60,200,460 total
Footnotes (1)
- [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.