AppTech Payments enters $18M ATM equity offering agreement with StockBlock Securities

AppTech Payments Corp.

Up to $18M of common stock may be sold at-the-market through StockBlock Securities as agent.
Agent receives 2.5% commission on gross sales; Company reimburses certain expenses.
Proceeds from the offering will be used for corporate and working capital purposes.
Shares offered under existing effective S-3 registration statement filed June 2022.
Company has no obligation to sell any shares and may terminate at any time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AppTech Payments Corp. entered into At The Market Offering Agreement with StockBlock Securities LLC valued at up to $18 million (effective 2023-08-21).

Action: entry
Agreement: atm program
Counterparty: StockBlock Securities LLC
Value: up to $18 million
Effective: 2023-08-21

Exact text from the filing

On August 21, 2023, AppTech Payments Corp. (the “Company”) entered into an At The Market Offering Agreement (the “Sales Agreement”) with StockBlock Securities LLC (the “Agent”), as sales agent, pursuant to which the Company may offer and sell, from time to time, through or to the Agent, up to $18 million of shares

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AppTech Payments Corp. filing history →

Source: SEC EDGAR

accession 0001683168-23-005937

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