debt
confidence high
sentiment negative
materiality 0.60
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.
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