AppTech raises $1M via 6% convertible debenture with warrant coverage

AppTech Payments Corp.

Closed $1.1M principal 6% convertible debenture sold at $1M (10% OID); net proceeds ~$960K after fees.
Conversion price $1.07 per share; warrant for 750K shares at $1.16, 5-year term.
Issued 100K commitment shares to investor and designee; registration rights filed within 30 days.
Debenture matures in 12 months; redeemable at 110% of principal plus accrued interest.
Beneficial ownership cap of 4.99% (can increase to 9.99% with 61 days notice).

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