other material
confidence high
sentiment neutral
materiality 0.60
AppTech Payments enters warrant inducement for $1.17M; issues new warrants with 200% coverage
AppTech Payments Corp.
- Existing warrants for 1,666,667 shares exercised at reduced price of $0.70/share; gross proceeds ~$1.17M.
- Company issued new warrants for 3,333,334 shares at $0.70, exercisable after 6 months, expiring 5.5 years from issuance.
- Also amended February 2023 warrants for 1,666,667 shares to exercise price $0.70 and 5.5-year term.
- Proceeds to be used for working capital and general corporate purposes.