Thomas J. DeRosa
On July 1, 2026, AppTech Payments Corp. (the “Company”) released Thomas J. DeRosa from his roles as President and Chief Executive Officer of the Company, effective immediately.
Highest-materiality recent filing
AppTech Payments releases CEO Thomas DeRosa, appoints CFO Corrado as interim CEO
Thomas J. DeRosa removed as President and CEO effective July 1, 2026; remains on board.
AppTech Payments enters $500K promissory note with trust chaired by board chairman
Borrowed $500,000 from Suzanne D. Lord Spousal Estate Reduction Trust at 9% annual interest.
AppTech shareholders elect directors, approve say-on-pay and equity plan at annual meeting
Elected Class II directors Albert L. Lord (24.3M for, 2.7M withheld) and Thomas J. DeRosa (18.8M for, 8.2M withheld).
Albert L. Lord designated Executive Chairman; steps down from Compensation Committee, no longer independent.
AppTech Payments designates Albert L. Lord as Executive Chairman, formalizes CEO/COO employment
Albert L. Lord designated Executive Chairman effective May 4, 2026; steps down from Compensation Committee, no longer independent.
AppTech raises $950K via 18% notes and warrants; LendSpark and Manetto participate
Issued two $500K 18% promissory notes to LendSpark and Manetto Hill Fund; net proceeds $475K each after $25K OID.
Total Revenue Participation Contribution increased to $2M; additional $500k due by Feb 28, 2026.
Total funding increased from $1.5M to $2M; additional $500k due by Feb 28, 2026.
AppTech closes acquisition of Infinitus Pay; reports Infinitus net income $13k in 9mo 2025
Acquisition closed Oct 31, 2025 for $2M cash (less indebtedness), 5M shares (1M immediate + 4M locked up), warrants for 4M shares at $3.00, and up to $1M contingent cash.
AppTech amends $360K convertible note; sets repayment schedule through Jan 2026
Original $360K note dated June 18, 2025, amended on Dec 4, 2025, with maturity extended to Jan 16, 2026.
AppTech Payments acquires InfinitusPay for up to $3M cash, 5M shares, and 4M warrants
Acquisition consideration: $2M cash at closing (less Indebtedness), 1M closing shares, 4M lock-up shares, and 4M warrants at $3.00.
AppTech Payments issues $300K convertible note to GS Capital; $50K OID
Issued $300K principal 10% convertible note to GS Capital Partners; net proceeds $250K after $50K OID.
AppTech issues $360K convertible note with Labrys Fund; conversion price can drop to 80% of VWAP
Gross proceeds $300K after $60K original issue discount; 10% interest, 12-month maturity.
AppTech Payments Corp. Corporate Secretary Marc D. Evans resigns effective July 8, 2025
Marc D. Evans resigned as Corporate Secretary and Associate, effective July 8, 2025.
AppTech Payments issues $360K convertible note with 20% OID to accredited investor
Issued $360K principal convertible promissory note with 20% OID, net proceeds ~$292.5K after fees.
AppTech Payments appoints Thomas DeRosa as President and director
Thomas DeRosa appointed President and director on June 2, 2025.
Elected Kozlowski and Walsh as directors with ~19.5M votes each; 353k broker non-votes.
AppTech Payments delisted from Nasdaq to OTCQB; Chairman and President resign
Nasdaq notified AppTech of delisting due to noncompliance with Listing Rule 5550(a)(2); trading suspended May 20, 2025.
Nasdaq Panel granted continued listing; must demonstrate ≥$2.5M stockholders' equity by March 31, 2025.
AppTech Payments raises $2.5M, reduces debt, regains Nasdaq equity compliance
Raised $1M from AFIOS Partners 6 and $1.5M from AFIOS Partners 7 via stock and warrant issuances.
AppTech Payments CEO D'Angelo resigns, CFO Yu terminated; DeRosa interim CEO, Corrado CFO
Luke D'Angelo resigned as CEO/Executive Director effective Dec 24, 2024; remains Chairman of Board.
AppTech raises $5M equity from AFIOS, appoints three new directors; board reduced to five
AFIOS invests $5M for 5.2M shares at $0.96 avg price; $2.5M received Dec 16, 2024; up to $14M from ~13M warrants at $0.90-$1.20.
AppTech Payments Corp. raises $5M common equity from AFIOS; board adds three
Entered into share purchase agreements with AFIOS Partners for $5M equity raise; $2.5M received as of Dec 16
AppTech Payments faces Nasdaq delisting hearing Jan 14, 2025 after failing minimum bid price
Nasdaq scheduled oral hearing for Jan 14, 2025 on delisting appeal for minimum bid price non-compliance.
AppTech faces Nasdaq delisting for bid price non-compliance; appeals filed
Received Nov 6, 2024 notice of delisting for failing to meet $1 minimum bid price requirement.
AppTech Payments warrant exercised cashless, 521,739 shares issued
Exercise price of warrant reduced from $1.16 to $0.70 per share due to inducement transaction.
AppTech Payments enters warrant inducement for $1.17M; issues new warrants with 200% coverage
Existing warrants for 1,666,667 shares exercised at reduced price of $0.70/share; gross proceeds ~$1.17M.
AppTech Payments receives Nasdaq deficiency notice for failure to meet $2.5M equity minimum
Nasdaq notified AppTech that stockholders' equity fell below the $2.5M minimum for continued listing.
AppTech raises $1M via 6% convertible debenture with warrant coverage
Closed $1.1M principal 6% convertible debenture sold at $1M (10% OID); net proceeds ~$960K after fees.
AppTech Payments shareholders reelect all director nominees and approve 2024 equity plan
All three director nominees (D'Angelo, Llapitan, Williams) elected with 14.1M, 12.6M, and 13.3M votes for, respectively.
AppTech Payments receives Nasdaq delisting notice for bid price below $1.00
Nasdaq notified AppTech that its common stock bid price was below $1.00 for 30 consecutive business days.
AppTech defers FinZeo acquisition payments; shares reissued to seller
Fourth Amendment defers remaining $1.2M cash purchase price; only $150k due June 21, 2024.
AppTech Payments Corp. closes public offering of 2M shares at $1.00, net proceeds ~$1.8M
Offering of 2,000,000 common shares at $1.00 per share; trade symbol APCX.
AppTech Payments completes acquisition of FinZeo (Alliance Partners) for $2M cash
Acquired Alliance Partners, LLC (FinZeo) for $2M cash; $500K paid at closing, $750K due by Jan 7, 2024 and $750K by Apr 7, 2024.
AppTech closes $3.5M public offering of common stock and warrants
Closed offering on Oct 26 with gross proceeds of $3.5M.
AppTech Payments raises $3.5M in registered direct offering of common stock and warrants
Gross proceeds ~$3.5M from 1,666,667 shares and 1,666,667 warrants at $2.10 per unit.
AppTech Payments signs definitive agreement to acquire FinZeo for $2M cash, expected close by Oct 31
Acquires Alliance Partners (FinZeo) for $2M cash: $500K at close, $750K by Jan 7 2024, $750K by Apr 7 2024.
AppTech Payments enters $18M ATM equity offering agreement with StockBlock Securities
Up to $18M of common stock may be sold at-the-market through StockBlock Securities as agent.
AppTech Payments appoints Virgil Llapitan to board of directors
Virgil Llapitan appointed director August 13, 2023, filling seat vacated by Michael Yadgar (resigned June 16, 2023).
AppTech Payments terminates CFO Gary Wachs, appoints Meilin Yu as replacement
On July 27, 2023, Gary Wachs terminated as CFO, Treasurer, and director; no disagreement cited.
AppTech Payments enters strategic partnership with InstaCash, receives 7% equity stake
AppTech will license patent portfolio and build/manage InstaCash's mobile-to-mobile payment system.
AppTech board member Michael Yadgar resigns, effective June 16
Michael Yadgar notified AppTech of his resignation from the board, effective June 16, 2023.
AppTech terminates $2.2M strategic partnership with Infinios, pivots to proprietary tech
Terminated Restated Agreements with Infinios; effective termination date under negotiation.
AppTech Payments shareholders elect directors, approve equity plan and option repricing
Elected William Huff, Roz Huang, and Michael O'Neal to two-year terms; each received >8.98M votes for.
CTO Benjamin Jenkins resigns; consultant Mehrak Hamzeh assumes duties
Benjamin Jenkins resigned as CTO effective March 31, 2023; no disagreement with company.
AppTech COO Chad Nelley resigns; role eliminated, duties assumed by President
Chad Nelley notified resignation as COO on Feb 22, 2023, effective March 22, 2023.
AppTech Payments prices $5M registered direct offering of 1.7M shares and warrants
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.
AppTech Payments receives Nasdaq deficiency notice for bid price below $1.00
Received deficiency letter on July 13, 2022 for non-compliance with Nasdaq minimum $1.00 bid price rule.
AppTech Payments settles litigation with Flowpay; claims dismissed with prejudice
Entered Settlement Agreement with Flowpay Corp and R. Wayne Steiger resolving previously disclosed claims.
AppTech Payments closes acquisition of HotHand, gaining 12 geofence-commerce patents
Purchase price is cash and stock, disbursed upon predefined revenue milestones.
On July 1, 2026, AppTech Payments Corp. (the “Company”) released Thomas J. DeRosa from his roles as President and Chief Executive Officer of the Company, effective immediately.
Also on July 1, 2026, the Company appointed Felipe A. Corrado IV, age 47, as Interim Chief Executive Officer of the Company.
appointed Robert J. Lipstein to fill a vacancy on the Board, effective immediately.
the designation of Albert L. Lord as Executive Chairman of the Company.
the designation of Albert L. Lord as Executive Chairman of the Company
On June 2, 2025, Thomas DeRosa was appointed as the President and as a director by the AppTech Payments Corp.
who resigned effective May 19, 2025, as previously announced on Form 8-K filed with the Securities and Exchange Commission on May 19, 2025.
On May 19, 2025, Luke D’Angelo resigned as Chairman of the Company’s Board of Directors and as an employee of AppTech Payments Corp.
On May 19, 2025, Virgilio Llapitan resigned as President, Chief Operating Officer & Director of AppTech Payments Corp.
On August 13, 2023, Virgil Llapitan was appointed as a director by the AppTech Payments Corp. (the “Company”) board of directors (the “Board”) to fill the vacant seat held by Michael Yadgar, who resigned effective June 16, 2023
On July 27, 2023, Gary Wachs resigned as a member of the Company’s Board of Directors, effective immediately.
On July 27, 2023, Gary Wachs employment with and service as Chief Financial Officer and Treasurer of AppTech Payments Corp. (the “Company”) was terminated.
Max materiality 0.95 · Median 0.60 · Most common event other_material