AppTech Payments Corp. closes public offering of 2M shares at $1.00, net proceeds ~$1.8M

AppTech Payments Corp.

Offering of 2,000,000 common shares at $1.00 per share; trade symbol APCX.
Underwriters granted 45-day option to purchase up to 300,000 additional shares at same price.
Net proceeds approximately $1.8 million ($2.1 million if over-allotment exercised in full).
Proceeds to be used for integration of existing business, working capital, and general corporate purposes.
Offering closed on March 27, 2024.

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 Underwriting Agreement with EF Hutton LLC valued at approximately $1.8 million (effective 2024-03-26).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton LLC
Value: approximately $1.8 million
Effective: 2024-03-26

Exact text from the filing

On March 26, 2024, AppTech Payments Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton LLC, as representative of the several underwriters named in Schedule 1 thereto (the “Underwriters”), relating to the public offering of 2,000,000 shares of common stock, par value $0.001 per share (“Common Stock”), at a purchase price per share to the public of $1.00 (the “Offering Price”).

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AppTech Payments Corp. filing history →

Source: SEC EDGAR

accession 0001683168-24-001766

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