secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2026-08-14T19:14:36+00:00
Accession:  0001683168-26-006467
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments borrows $500K at 9% from related-party trust for working capital
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- $500,000 promissory note dated Aug 10, 2026, from Suzanne D. Lord Spousal Estate Reduction Trust.
- Interest at 9.0% per annum, matures in 90 days (Nov 8, 2026); no payments until maturity.
- Lender is related party: Albert L. Lord, Jr., Chairman of Board, is trustee; board approved per policy.
- Proceeds for short-term working capital and general corporate purposes; prepayable without penalty.
- Events of default include non-payment, bankruptcy, uncured material breach; lender can accelerate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826006467/0001683168-26-006467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316826006467/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-006467

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