secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0001683168-25-005995
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments issues $300K convertible note to GS Capital; $50K OID
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316825005995/0001683168-25-005995-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316825005995/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-005995

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer