Added to YB: 2026-07-13
Pitch date: 2026-05-05
ABCP [bullish]
AmBase Corporation
+5.81%
current return
Author Info
No bio for this author
Company Info
AmBase Corporation does not have significant operations. Previously, the company invested in a real estate development property.
Market Cap
$22.4M
Pitch Price
$0.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-5.99
EV/Sales
N/A
Sector
Real Estate Management and Development
Category
special_situation
AmBase Corporation - $ABCP
ABCP: Litigation stub on sold-out 111 W 57th St NYC condo. Single consolidated bench trial Nov 30, 2026 is catalyst. Judge Cohen pre-trial signals favor plaintiff; First Dept revived personal liability of developers Stern/Maloney. Full Put Right recovery ~$2/share (10x) vs $0.20; even $100M settlement = ~$0.63 (3x). $133M damages contractually fixed, +$1M/mo interest pressures settlement. Risks: collectability, ambiguous Clause (i) ruling, low liquidity, judicial discretion.
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