AppTech Payments Corp. - APCX STOCK NEWS

AppTech Payments Corp. (NASDAQ: APCX) has successfully closed its public offering of 3,614,458 units at a price of $4.15 per unit, generating approximately $15.0 million in gross proceeds. Each unit comprises one share of common stock and one warrant, allowing purchase of additional stock at $5.1875. The warrants expire five years post-issuance. The underwriters have a 45-day over-allotment option for up to 542,168 additional shares. EF Hutton managed the offering.

AppTech Payments Corp. (NASDAQ: APCX) issued a correction regarding its reverse stock split timing originally announced on January 4, 2022. The effective time of the reverse split is now correctly stated as 12:01 a.m. Eastern Time on January 5, 2022. This change clarifies the intended schedule for the split, which aims to enhance shareholder value and align the company's stock price with industry standards.

AppTech Payments Corp. (OTC: APCX) announced a public offering of 3,614,458 units, each comprising one share of common stock priced at $4.15 and one warrant to purchase an additional share at $5.1875, aiming for total gross proceeds of approximately $15 million. The offering is expected to close around January 7, 2022. Additionally, there will be a reverse stock split at a ratio of 1-for-9.5 effective January 5, 2022. The company has received Nasdaq approval for trading under symbols APCX and APCXW.

AppTech Payments Corp. announced the appointment of Aram A. Aghapour as Senior Vice President of Research, Development, and Infrastructure Operations. With over 20 years of experience, he previously worked at Microfocus Fortify, enhancing application security for major financial companies. Aghapour will oversee AppTech's software development lifecycle and security teams. President Virgil Llapitan highlighted his proven track record in FinTech solutions. AppTech aims to innovate in the payment and banking space with a highly secure digital platform.

AppTech Corp. (OTC: APCX) has announced the appointment of Chad Nelley as Chief Operating Officer, tasked with leading operational success and go-to-market execution. Nelley brings over 25 years of corporate operations expertise, previously serving at ESET North America, where he drove significant profitability gains. AppTech is focused on pioneering financial technology innovations, and Nelley's leadership is expected to enhance revenue growth and operational efficiency.

AppTech Corp. (OTC: APCX) announces Bryan Guy as the new Senior Vice President of Product Management and Experiences. Joining from the technology consulting field, Bryan will oversee product strategy and user experience design to enhance omni-channel commerce. With over two decades of experience in payments and e-commerce, he has previously worked with major firms like Starbucks and T-Mobile. AppTech aims to leverage his expertise to advance its fintech platform. The company focuses on innovative payment processing and digital banking technologies for merchants and enterprises.

AppTech Corp. (OTC: APCX) announced the appointment of Ben Jenkins as Chief Technology Officer. Jenkins previously led digital transformation at Innovations Realized and has extensive experience in fintech. He will oversee the strategy and development of AppTech’s core technology platform. President Virgil Llapitan expressed excitement about Jenkins' leadership and innovation skills, which are expected to enhance value for customers. Jenkins aims to leverage emerging digital trends to position AppTech as a frontrunner in financial technology.

AppTech Corp. (OTC: APCX) announced its Annual Shareholder Meeting scheduled for December 29, 2021, at 10:30 AM PST. To facilitate attendance, the meeting will be held online. Shareholders of record as of November 10, 2021, will receive proxy materials via direct mail. Those not receiving notice by December 8, 2021, should contact Investor Relations. AppTech specializes in fintech solutions, leveraging patented technology for digital payments and banking services aimed at enhancing commerce experiences.

AppTech Corp. (OTC: APCX) announced a successful restructuring of the majority of its previously defaulted debt, amounting to over $3M. The company negotiated favorable terms with debt holders, allowing for debt conversion into shares at a discount or a one-year payment forbearance in exchange for equity bonuses. Over $1M of this debt has been converted, significantly improving AppTech's financial position as it aims for a national exchange listing and the launch of its financial services platform.