AppTech Payments Corp. (APCX): debt financing — AppTech issues $360K convertible note with Labrys Fund; conversion price can drop to 80% of VWAP

AppTech Payments Corp.

Gross proceeds $300K after $60K original issue discount; 10% interest, 12-month maturity.
Conversion price initially $2.00, after Apr 21, 2026 lower of $2.00 or 80% of lowest VWAP.
Default triggers 115% of outstanding principal plus accrued interest, immediate acceleration.
Beneficial ownership cap 4.99% (may be increased to 9.99% on 61 days' notice).
Shares issuable upon conversion unregistered; piggy-back registration rights granted.

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 loan of $360,000 with Labrys Fund II, L.P. at 10% per annum maturing twelve (12) months from the date of issuance.

Instrument: loan
Principal: $360,000
Counterparty: Labrys Fund II, L.P.
Rate: 10% per annum
Maturity: twelve (12) months from the date of issuance
Event: incurrence

Exact text from the filing

On July 23, 2025, AppTech Payments Corp. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with Labrys Fund II, L.P. ("Labrys"), pursuant to which the Company issued a promissory note in the aggregate principal amount of $360,000 (the "Note" and together with the Purchase Agreement, the "Transaction Documents") to Labrys.

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AppTech Payments Corp. filing history →

Source: SEC EDGAR

accession 0001683168-25-005471

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