{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-004745","form_type":"8-K","ticker":"APCX","cik":"0001070050","company_name":"AppTech Payments Corp.","filed_at":"2025-06-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.410886+00:00","generated_at":"2026-05-18T18:56:28.461920+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"AppTech Payments issues $360K convertible note with 20% OID to accredited investor","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-004745","json":"https://secwatch.observer/filing/0001683168-25-004745.json","markdown":"https://secwatch.observer/filing/0001683168-25-004745.md","text":"https://secwatch.observer/filing/0001683168-25-004745.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825004745/0001683168-25-004745-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825004745/apptech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T18:56:28.461920+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"089ef6209a6cd3189d2d838adf964f98b9d8041f","claim":"AppTech Payments Corp. incurred convertible notes of $360,000 with accredited investor at 10% per annum maturing six months from its date of issuance.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825004745/0001683168-25-004745-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$360,000"},{"label":"Counterparty","value":"accredited investor"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"six months from its date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}