m_and_a
confidence high
sentiment neutral
materiality 0.50
AppTech closes acquisition of Infinitus Pay; reports Infinitus net income $13k in 9mo 2025
AppTech Payments Corp.
- Acquisition closed Oct 31, 2025 for $2M cash (less indebtedness), 5M shares (1M immediate + 4M locked up), warrants for 4M shares at $3.00, and up to $1M contingent cash.
- Infinitus generated $268k revenue and $13k net income in 9 months ended Sep 30, 2025 (unaudited); $12k revenue from inception to Dec 31, 2024.
- Infinitus assets $472k, liabilities $175k, equity $297k, cash $21k as of Sep 30, 2025 (unaudited).
- Warrants become exercisable after AppTech stock closes at $3.00; contingent cash due when Infinitus revenue reaches $300k/month for 3 consecutive months.
- Infinitus platform aggregates domestic and international banking for cross-border payments; launched in July 2024.
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