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AppTech Payments Corp. (NASDAQ: APCX) has received an extension from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Stock Market. The company must meet specific conditions, including filing a public disclosure by March 31, 2025, demonstrating that its shareholders' equity deficiency has been resolved. This information will be detailed in the company's 2023 10-K filing, expected by March 15, 2025.
Additionally, AppTech has until May 5, 2025, to meet Nasdaq's $1 minimum bid price per share requirement. The Panel approved the company's request to increase its stock price organically, partly based on their compliance with the Equity Rule. CEO Thomas DeRosa expressed confidence in the company's strengthened position following recent restructuring efforts, stating they are poised to generate significant revenue across multiple verticals.
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