AppTech Payments Corp. (APCX): debt financing — AppTech Payments issues $360K convertible note with 20% OID to accredited investor

AppTech Payments Corp.

Issued $360K principal convertible promissory note with 20% OID, net proceeds ~$292.5K after fees.
Note matures in 6 months, bears 10% interest, convertible at $2.00/share; redemption at 100% of principal plus interest.
Non-accountable fee of $7,500 withheld from purchase price; placement and legal fees also paid.
Conversion capped at 4.99% beneficial ownership, adjustable to 9.99% with 61-day notice.
3.6M shares reserved for conversion; default triggers 18% interest and acceleration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

AppTech Payments Corp. incurred convertible notes of $360,000 with accredited investor at 10% per annum maturing six months from its date of issuance.

Instrument: convertible notes
Principal: $360,000
Counterparty: accredited investor
Rate: 10% per annum
Maturity: six months from its date of issuance
Event: incurrence

Exact text from the filing

On June 18, 2025, AppTech Payments Corp. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an accredited investor (the “Purchaser”), pursuant to which the Company issued and sold to the Purchaser a 20% original issue discount convertible promissory note in the aggregate principal amount of $360,000 (the “Note” and together with the Purchase Agreement, the “Transaction Documents”) for a purchase price of $300,000.

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114 debt financings filed in the last 30 days. Browse all debt financings →

AppTech Payments Corp. filing history →

Source: SEC EDGAR

accession 0001683168-25-004745

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