secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2026-07-02T21:29:10+00:00
Accession:  0001683168-26-005262
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments enters $500K promissory note with trust chaired by board chairman
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- Borrowed $500,000 from Suzanne D. Lord Spousal Estate Reduction Trust at 9% annual interest.
- Note matures 90 days from June 26, 2026; no principal or interest payments due before maturity.
- Proceeds used for short-term working capital and general corporate purposes.
- Albert L. Lord, Jr., Chairman of the Board, serves as trustee of the lender trust; board approved related-party transaction.
- Prepayment allowed without premium or penalty; customary events of default apply.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826005262/0001683168-26-005262-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826005262/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-005262

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