AppTech Payments Corp. Files 8-K

TL;DR

AppTech Payments Corp. filed an 8-K on Jan 8, 2025, for a Reg FD disclosure.

AI Summary

AppTech Payments Corp. filed an 8-K on January 10, 2025, reporting an event on January 8, 2025. The filing is a Regulation FD Disclosure. The company is incorporated in Delaware and its fiscal year ends on December 31.

Why It Matters

This 8-K filing indicates a material event has occurred for AppTech Payments Corp., requiring public disclosure under SEC regulations.

Risk Assessment

Risk Level: low — The filing is a standard 8-K disclosure without immediate financial implications mentioned.

Key Numbers

• 001-39158 — SEC File Number (Identifies the company's filing with the SEC)

Key Players & Entities

• AppTech Payments Corp. (company) — Registrant
• January 8, 2025 (date) — Earliest event reported
• January 10, 2025 (date) — Filing date
• 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
• $2,500,000 — es the Company to maintain a minimum of $2,500,000 in stockholders' equity for continued l
• $1,000,000 — (the "Shares") for a purchase price of $1,000,000, 1,200,000 warrants with a 5-year term
• $0.90 — a 5-year term and an exercise price of $0.90 per warrant, and 1,800,000 warrants wit
• $1.20 — a 5-year term and an exercise price of $1.20 per warrant to be issued at closing. On
• $1,500,000 — the sale of up to 4,000,000 Shares for $1,500,000 funding on December 16, 2024, 1,500,000
• $4,000,000 — rs 7 may increase the equity raise from $4,000,000 to $5,000,000 if the Company approves i
• $5,000,000 — ase the equity raise from $4,000,000 to $5,000,000 if the Company approves it, at the AFIO
• $940,000 — utstanding payables and recognized over $940,000 in gains on early debt extinguishment a
• $4,146,448 — mpany's stockholders' equity balance to $4,146,448 on December 31, 2024. As a result of t

Filing Documents

• apptech_8k.htm (8-K) — 38KB
• 0001683168-25-000197.txt ( ) — 258KB
• apcx-20250108.xsd (EX-101.SCH) — 4KB
• apcx-20250108_def.xml (EX-101.DEF) — 29KB
• apcx-20250108_lab.xml (EX-101.LAB) — 36KB
• apcx-20250108_pre.xml (EX-101.PRE) — 27KB
• apptech_8k_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. As previously disclosed, AppTech Payments Corp. (the "Company" or "our") received a notice dated August 21, 2024, from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"), notifying that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain a minimum of $2,500,000 in stockholders' equity for continued listing (the "Minimum Stockholders' Equity Requirement"). As previously disclosed, on December 16, 2024, the Company entered into a share purchase agreement (the "AFIOS 6 SPA") with AFIOS Partners 6 for the sale of 1,200,00 shares of the Company's restricted common stock, par value $0.001 per share (the "Shares") for a purchase price of $1,000,000, 1,200,000 warrants with a 5-year term and an exercise price of $0.90 per warrant, and 1,800,000 warrants with a 5-year term and an exercise price of $1.20 per warrant to be issued at closing. On the same day, the Company also entered into a share purchase agreement (the "AFIOS 7 SPA") with AFIOS Partners 7 for the sale of up to 4,000,000 Shares for $1,500,000 funding on December 16, 2024, 1,500,000 shares of the Company's restricted common stock will be issued and $2,500,000 in additional funding as and when required by the Company, will result in 2,500,000 shares of the Company's restricted common stock will be issued (a purchase price of one dollar per share). In addition, the Company agreed to issue as funded proportionately 4,000,000 warrants with a 5-year term and an exercise price of $0.90 per warrant and 6,000,000 warrants with a 5-year term and an exercise price of $1.20 per warrant. The AFIOS 7 SPA also contains an over-allotment clause whereby AFIOS Partners 7 may increase the equity raise from $4,000,000 to $5,000,000 if the Company approves it, at the AFIOS 7 SPA's exact pricing and unit composition. On December 30, 2024, AFIOS Partners 6 invested $1,000,000 with common s

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: January 10, 2025 By: /s/ Thomas DeRosa Thomas DeRosa Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR