secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001683168-26-001173
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments amends revenue participation agreement, increases funding to $2M with higher revenue share
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826001173/0001683168-26-001173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826001173/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001173

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