Iszo Capital Lp Acquired Stake in Ambase Corp

November 14, 2017 - By Winifred Garcia

 Iszo Capital Lp Acquired Stake in Ambase Corp

The New Iszo Capital Lp Holding in Ambase Corp

Iszo Capital Lp reported SC 13D form with the SEC for Ambase Corp. Access it here: 000101359417000778. As reported by Iszo Capital Lp, the filler owns 21.3% or 8,675,951 shares of the Finance–company.

Ambase Corp stake is new for [reportingPerson]. Date of activity: October 23, 2017. This shows Iszo Capital Lp’s positive view for Ambase Corp.

Reasons Why Iszo Capital Lp Bought – Ambase Corp Stock

Purpose of Transaction

The shares of Common Stock covered by this statement were originally acquired in the ordinary course of business solely for investment purposes and not for the purposes of participating in or influencing the management of the Issuer. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer’s financial position and strategic direction, actions taken by the Issuer’s board of directors, changes to the composition of the board of directors, price levels of the common stock and other securities, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, (i) purchasing additional securities of the Issuer in open market or privately negotiated transactions;(ii) selling all or part of the securities of the Issuer owned by such Reporting Person in open market or privately negotiated transactions; and/or (iii) one or more combinations of the foregoing. Any open market or privately negotiated purchases or sales, acquisition recommendations or proposals or other transactions may be made at any time without prior notice.

No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D. The Reporting Persons may develop plans and/or make proposals with respect to, or with respect to potential changes in, the operations, management, the certificate of incorporation and articles of association, Board composition, ownership, capital or corporate structure, dividend policy, strategy and plans of the Issuer, strategic transactions involving the Issuer or certain of the Issuer’s businesses or assets, or may change their intention with respect to any and all matters referred to in this Item 4. The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time in the future express their views to and/or meet with management, the Board, other shareholders or third parties, including potential acquirers, service providers and financing sources, and/or formulate plans or proposals regarding the Issuer, its assets or its securities. Such plans or proposals may include one or more plans that relate to or would result in any of the actions set forth in subparagraphs (a) – (j) of Item 4 of Schedule 13D.

Business Profile

AmBase Corporation is a holding company. The Company holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York (the 111 West 57th Property). The Company also owns a commercial office building in Greenwich, Connecticut that is managed and operated by the Company. The building is approximately 14,500 square feet, with over 3,500 square feet utilized by the Company for its offices. The Company’s subsidiaries include Maiden Lane Associates, Ltd., SDG Financial Corp. and 111 West 57th Investment LLC.

SEC Form 13D.

About 4,272 shares traded. AmBase Corporation (OTCMKTS:ABCP) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

AmBase Corporation is a holding company. The company has market cap of $10.18 million. The Firm holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York . It currently has negative earnings. The Firm also owns a commercial office building in Greenwich, Connecticut that is managed and operated by the Company.

More notable recent AmBase Corporation (OTCMKTS:ABCP) news were published by: Prnewswire.com which released: “AmBase Announces Signed Settlement Agreement in Supervisory Goodwill Legal …” on August 31, 2012, also Therealdeal.com with their article: “JDS, PMG countersue AmBase over 111 West 57th” published on January 18, 2017, Seekingalpha.com published: “AmBase Corporation: Invest In A Manhattan Condo Project At A Discount” on July 10, 2017. More interesting news about AmBase Corporation (OTCMKTS:ABCP) were released by: Therealdeal.com and their article: “The obscure investor who could sabotage NYC’s tallest planned condo tower” published on November 01, 2017 as well as Prnewswire.com‘s news article titled: “AmBase Reports Results For The Third Quarter And Nine Months Ended September …” with publication date: November 14, 2017.

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