secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001683168-23-007357
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments raises $3.5M in registered direct offering of common stock and warrants
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- Gross proceeds ~$3.5M from 1,666,667 shares and 1,666,667 warrants at $2.10 per unit.
- Net proceeds ~$3.2M after placement agent fees and expenses.
- Proceeds to fund acquisition of Alliance Partners, LLC and for working capital.
- Warrants exercisable at $2.74 per share for 5 years from issuance.
- Offering expected to close October 26, 2023; Titan Partners Group acted as placement agent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316823007357/0001683168-23-007357-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316823007357/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007357

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