secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001683168-24-008769
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316824008769/0001683168-24-008769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316824008769/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008769

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer