---
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"
generated_at: "2026-05-17T23:31:00.757438+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AppTech issues $360K convertible note with Labrys Fund; conversion price can drop to 80% of VWAP

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005471
- JSON: https://secwatch.observer/filing/0001683168-25-005471.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005471.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1070050/000168316825005471/0001683168-25-005471-index.htm

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