---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-008796"
form_type: "8-K/A"
ticker: "APCX"
cik: "0001070050"
company_name: "AppTech Payments Corp."
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:13:54.389663+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AppTech raises $5M equity from AFIOS, appoints three new directors; board reduced to five

## Summary
- AFIOS invests $5M for 5.2M shares at $0.96 avg price; $2.5M received Dec 16, 2024; up to $14M from ~13M warrants at $0.90-$1.20.
- Board reduced from 7 to 5; Virgilio Llapitan, Michael O'Neal, Christopher Williams, William Huff resigned.
- Appointed Albert L. Lord (ex-Sallie Mae CEO), Thomas J. Kozlowski Jr. (AFIOS President), Calvin D. Walsh (Siemens exec) as directors.
- Warrants have 5-year term; exercise prices $0.90 and $1.20 per share; total potential equity up to $19M if fully exercised.
- Previous directors Roz Huang also resigned; Luke D'Angelo remains Chairman and CEO.

## SEC filing metadata
- accession: 0001683168-24-008796
- form_type: 8-K/A
- ticker: APCX
- cik: 0001070050
- company_name: AppTech Payments Corp.
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070050/000168316824008796/0001683168-24-008796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070050/000168316824008796/apptech_8ka1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-008796
- JSON: https://secwatch.observer/filing/0001683168-24-008796.json
- Plain text: https://secwatch.observer/filing/0001683168-24-008796.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.