secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001903596-23-000090
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000190359623000090/0001903596-23-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000190359623000090/apcx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-23-000090

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