AmBase Corporation announced a private placement offering of 44,200,460 shares of the Company?s common stock, par value $0.01 per share purchase price for one share of Common Stock in the Equity Offering is $0.20 for a gross proceeds $8,840,092 on February 28, 2024. The restricted securities under the Securities Act and will generally be subject to a minimum holding period of six months under Rule 144 before the Shares may be resold.