AppTech Payments Corp. Faces Delisting Concerns

TL;DR

AppTech Payments Corp. is on notice for potential delisting – stock might be toast.

AI Summary

AppTech Payments Corp. filed an 8-K on August 26, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event date being August 21, 2024. The company, previously known as AppTech Corp. and Natural Nutrition Inc., is incorporated in Delaware and headquartered in Carlsbad, California.

Why It Matters

This filing indicates potential issues with AppTech Payments Corp.'s continued listing on an exchange, which could significantly impact its stock value and liquidity.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and overall financial health.

Key Players & Entities

• AppTech Payments Corp. (company) — Registrant
• August 21, 2024 (date) — Earliest event reported
• August 26, 2024 (date) — Date of report
• AppTech Corp. (company) — Former company name
• Natural Nutrition Inc. (company) — Former company name
• Carlsbad, California (location) — Business address

FAQ

Key Financial Figures

• $0.001 — ch Registered Common stock, par value $0.001 per share APCX Nasdaq Capital Mark
• $4.15 — of common stock at an exercise price of $4.15 APCXW Nasdaq Capital Market Indi
• $2,500,000 — es the Company to maintain a minimum of $2,500,000 in stockholders' equity for continued l

Filing Documents

• apptech_8k.htm (8-K) — 38KB
• 0001683168-24-006031.txt ( ) — 258KB
• apcx-20240821.xsd (EX-101.SCH) — 4KB
• apcx-20240821_def.xml (EX-101.DEF) — 29KB
• apcx-20240821_lab.xml (EX-101.LAB) — 36KB
• apcx-20240821_pre.xml (EX-101.PRE) — 27KB
• apptech_8k_htm.xml (XML) — 6KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 21, 2024, AppTech Payments Corp. (the "Company") received a deficiency letter (the "Deficiency Letter") from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1) (the "Listing Rule"), which requires the Company to maintain a minimum of $2,500,000 in stockholders' equity for continued listing, and the Company also does not meet the alternatives of market value of listed securities or net income from continuing operations. The Deficiency Letter has no immediate effect on the listing of the Company's securities, and its common stock and warrants will continue to trade on The Nasdaq Capital Market under the symbols "APCX" and "APCXW", respectively, at this time. The Notice states that the Company has 45 calendar days, or until October 7, 2024, to submit a plan to regain compliance. The Company intends to submit to Nasdaq a plan to regain compliance with the Listing Rule within the required timeframe. If Nasdaq accepts the Company's plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, to evidence compliance with the Listing Rule. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. There can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing criteria. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. APPTECH PAYMENTS CORP. Date: August 26, 2024 By: /s/ Luke D'Angelo Luke D'Angelo Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR