debt
confidence high
sentiment neutral
materiality 0.60
AppTech Payments amends revenue participation agreement, increases funding to $2M with higher revenue share
AppTech Payments Corp.
- Total funding increased from $1.5M to $2M; additional $500k due by Feb 28, 2026.
- Revenue participation percentage raised from 1% to 1.75% of gross contract revenue.
- Revenue participation term extended to Dec 31, 2029 (50 months) from Dec 31, 2028.
- Repayment of $2M principal without interest over final 18 months (months 33-50).
- Minimum monthly payments revised, escalating from $8,600/mo (months 4-6) to $73,100/mo (months 49-50).
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