{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-005471","form_type":"8-K","ticker":"APCX","cik":"0001070050","company_name":"AppTech Payments Corp.","filed_at":"2025-07-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.255596+00:00","generated_at":"2026-05-17T23:31:00.757438+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"AppTech issues $360K convertible note with Labrys Fund; conversion price can drop to 80% of VWAP","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-005471","json":"https://secwatch.observer/filing/0001683168-25-005471.json","markdown":"https://secwatch.observer/filing/0001683168-25-005471.md","text":"https://secwatch.observer/filing/0001683168-25-005471.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825005471/0001683168-25-005471-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825005471/apptech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T23:31:00.757438+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":"32cd48be9ba57f6250f9c9297a1b61b8c752c921","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825005471/0001683168-25-005471-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$360,000"},{"label":"Counterparty","value":"Labrys Fund II, L.P."},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"twelve (12) months from the 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"}