secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001683168-23-007438
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments completes acquisition of FinZeo (Alliance Partners) for $2M cash
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- Acquired Alliance Partners, LLC (FinZeo) for $2M cash; $500K paid at closing, $750K due by Jan 7, 2024 and $750K by Apr 7, 2024.
- FinZeo provides payment and banking tech API; expected to augment AppTech's Commerse™ suite as a Payment Facilitator (PayFac).
- Acquisition aligns with AppTech's strategy to drive revenue synergy and specialty payments; FinZeo team joined AppTech.
- No financial impact or integration timeline disclosed beyond closing date October 26, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316823007438/0001683168-23-007438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316823007438/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-007438

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