AppTech Payments Corp. (APCX): debt financing — AppTech Payments issues $300K convertible note to GS Capital; $50K OID

AppTech Payments Corp.

Issued $300K principal 10% convertible note to GS Capital Partners; net proceeds $250K after $50K OID.
Note matures July 31, 2026; six principal payments of $54,041.84 each starting 180 days after issue.
Conversion price fixed at $2.00/share; on default drops to 80% of lowest 10-day VWAP.
Note contains beneficial ownership limit of 4.99%; default penalty of 150% of outstanding amount.
Securities issued under Rule 506(b) exemption; no registration statement.

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 $300,000 with GS Capital Partners, LLC at 10% per annum maturing matures on July 31, 2026.

Instrument: loan
Principal: $300,000
Counterparty: GS Capital Partners, LLC
Rate: 10% per annum
Maturity: matures on July 31, 2026
Event: incurrence

Exact text from the filing

the Company issued a promissory note in the aggregate principal amount of $300,000 (the “Note” and together with the Purchase Agreement, the “Transaction Documents”) to GS Capital.

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AppTech Payments Corp. filing history →

Source: SEC EDGAR

accession 0001683168-25-005995

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