secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2023-06-07T23:59:59+00:00
Accession:  0001683168-23-003963
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.02
LLM model:  deepseek-v4-flash:cloud@v2

AppTech terminates $2.2M strategic partnership with Infinios, pivots to proprietary tech
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- Terminated Restated Agreements with Infinios; effective termination date under negotiation.
- Gross total fees of $2.2M under agreements; ongoing maintenance and support fees eliminated.
- Company will use its own proprietary technology for its CommerseTM Platform.
- New partnership with Nasdaq-listed Nuvei to support GTM strategy in North America.
- Exploring additional partnerships for BaaS solutions including peer-to-peer remittance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316823003963/0001683168-23-003963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316823003963/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-003963

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer