---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-23-000090"
form_type: "8-K"
ticker: "APCX"
cik: "0001070050"
company_name: "AppTech Payments Corp."
filed_at: "2023-01-31T23:59:59+00:00"
generated_at: "2026-06-20T04:51:52.480134+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AppTech Payments prices $5M registered direct offering of 1.7M shares and warrants

## Summary
- Gross proceeds of $5.0M from sale of 1,666,667 common shares at $3.00 each, each with a warrant to buy one share at $4.64.
- Warrants exercisable from Aug 1, 2023, for 5 years; net proceeds ~$4.5M after fees.
- Proceeds to repay loan forbearance agreements (maturing Mar 31, 2023) and for working capital.
- Directors and officers subject to 90-day lock-up; company restricted from issuing common stock for 90 days and from at-the-market or variable-rate deals for one year.

## SEC filing metadata
- accession: 0001903596-23-000090
- form_type: 8-K
- ticker: APCX
- cik: 0001070050
- company_name: AppTech Payments Corp.
- filed_at: 2023-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070050/000190359623000090/0001903596-23-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070050/000190359623000090/apcx_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-23-000090
- JSON: https://secwatch.observer/filing/0001903596-23-000090.json
- Plain text: https://secwatch.observer/filing/0001903596-23-000090.txt

## Key facts
- Material Agreements
  AppTech Payments Corp. entered into Purchase Agreement with certain institutional investors valued at approximately $5.0 million (effective 2023-01-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: approximately $5.0 million
  - Effective: 2023-01-30
  source text: On January 30, 2023, AppTech Payments Corp., a Delaware Corporation (the “ Company ”), entered into a securities purchase agreement (the “ Purchase Agreement ”) with a certain institutional investors (the “ Purchasers ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070050/000190359623000090/0001903596-23-000090-index.htm
- Material Agreements
  AppTech Payments Corp. entered into Placement Agent Agreement with EF Hutton, division of Benchmark Investments, LLC (effective 2023-01-30).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: EF Hutton, division of Benchmark Investments, LLC
  - Effective: 2023-01-30
  source text: On January 30, 2023, the Company also entered into a placement agent agreement (the “ Placement Agent Agreement ”) with EF Hutton, division of Benchmark Investments, LLC (the “ Placement Agent ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070050/000190359623000090/0001903596-23-000090-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.