AppTech Payments Corp. raises $5M common equity from AFIOS; board adds three

AppTech Payments Corp.

Entered into share purchase agreements with AFIOS Partners for $5M equity raise; $2.5M received as of Dec 16
Investors to receive up to 5.2M shares at avg $0.96/share and ~13M warrants with exercise prices $0.90-$1.20
Full exercise of warrants could provide up to $14M in additional common equity
Board reduced from six to five members; new directors Albert Lord (ex-Sallie Mae CEO), Thomas Kozlowski, Calvin Walsh appointed
Four prior directors (Williams, O'Neal, Huff, Liang) resigned; Luke D'Angelo remains Chairman

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