{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-005995","form_type":"8-K","ticker":"APCX","cik":"0001070050","company_name":"AppTech Payments Corp.","filed_at":"2025-08-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.255854+00:00","generated_at":"2026-05-17T13:50:51.991897+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"AppTech Payments issues $300K convertible note to GS Capital; $50K OID","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-005995","json":"https://secwatch.observer/filing/0001683168-25-005995.json","markdown":"https://secwatch.observer/filing/0001683168-25-005995.md","text":"https://secwatch.observer/filing/0001683168-25-005995.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825005995/0001683168-25-005995-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825005995/apptech_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T13:50:51.991897+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":"8d056562b45e045af8625267604a314e5f7ba5cf","claim":"AppTech Payments Corp. incurred loan of $300,000 with GS Capital Partners, LLC at 10% per annum maturing matures on July 31, 2026.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1070050/000168316825005995/0001683168-25-005995-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$300,000"},{"label":"Counterparty","value":"GS Capital Partners, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"matures on July 31, 2026"},{"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"}