AppTech Payments Corp. Files 8-K for "Other Event"

TL;DR

AppTech Payments Corp. filed an 8-K for an 'Other Event' on Aug 29, 2024. Details TBD.

AI Summary

On August 29, 2024, AppTech Payments Corp. filed an 8-K report detailing an "Other Event." The filing does not provide specific details on the nature of this event, the dollar amounts involved, or any other concrete information beyond the filing date and the company's identification.

Why It Matters

This filing indicates a significant event has occurred for AppTech Payments Corp. that requires disclosure, though the lack of detail leaves investors uncertain about its implications.

Risk Assessment

Risk Level: medium — The filing of an 8-K for an 'Other Event' without further details creates uncertainty, which can be a risk for investors.

Key Players & Entities

• AppTech Payments Corp. (company) — Registrant
• August 29, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation

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
• $1,100,000.00 — e Million One Hundred Thousand Dollars ($1,100,000.00) in principal amount of the Company's 6
• $1.16 — e holder, at an exercise price equal to $1.16 (the "Exercise Price"), subject to adju
• $0.70 — ise Price of the Warrant was reduced to $0.70 per share. Effective as of August 29, 2

Filing Documents

• apptech_8k.htm (8-K) — 34KB
• 0001683168-24-006343.txt ( ) — 254KB
• apcx-20240829.xsd (EX-101.SCH) — 4KB
• apcx-20240829_def.xml (EX-101.DEF) — 29KB
• apcx-20240829_lab.xml (EX-101.LAB) — 36KB
• apcx-20240829_pre.xml (EX-101.PRE) — 27KB
• apptech_8k_htm.xml (XML) — 6KB

01 Other Events

Item 8.01 Other Events. As previously disclosed on a Form 8-K filed with the Securities and Exchange Commission (the "SEC") on July 12, 2024, on July 11, 2024, AppTech Payments Corp. (the "Company") closed a private placement offering (the "Offering") of One Million One Hundred Thousand Dollars ($1,100,000.00) in principal amount of the Company's 6% convertible debenture (the "Debenture") and a warrant (the "Warrant") to purchase up to 750,000 shares of the Company's common stock (the "Warrant Shares") to a certain investor (the "Purchaser"). The Warrant expires five years from its date of issuance and is exercisable at any time, at the option of the holder, at an exercise price equal to $1.16 (the "Exercise Price"), subject to adjustment for any stock splits, stock dividends, recapitalizations and similar events and in the event the Company, at any time while the Warrant is outstanding, issues, sells or grants any option to purchase, or sells or grants any right to reprice, or otherwise disposes of, or issues common stock or other securities convertible into, exercisable for, or otherwise entitle any person the right to acquire, shares of common stock, at an effective price per share that is lower than the then Exercise Price. In the event of any such anti-dilutive event, the Exercise Price shall be reduced at the option of the holder to such lower effective price of the dilutive event. The Warrant Shares were registered under the Securities Act of 1933 pursuant to the registration statement on Form S-1 (File No. 333-281409), which was declared effective by the SEC on August 22, 2024. In connection with a certain inducement transaction between the Company and a third party, as previously disclosed on a Form 8-K filed with the SEC on August 29, 2024, the Exercise Price of the Warrant was reduced to $0.70 per share. Effective as of August 29, 2024, the Warrant was exercised cashless pursuant to the terms of the Warrant, resulting in the issuance of 521,739 freely t

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: September 12, 2024 By: /s/ Luke D'Angelo Luke D'Angelo Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR