Company: APCXW
Filing Date: 2025-01-10
Form Type: 8-K
Source: 0001683168-25-000197
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Company: AppTech Payments Corp.
Filing Date: 2025-01-10
Form: 8-K
Item: Item 7.01
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Item 7.01 Regulation FD Disclosure.

As previously disclosed, AppTech Payments Corp. (the
“ Company” or “our”) received a notice dated August 21, 2024, from the Nasdaq Listing Qualifications Department
(the “ Staff”) of The Nasdaq Stock Market LLC (“ Nasdaq”), notifying that the Company is not in compliance with
Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain a minimum of $2,500,000 in stockholders’ equity for continued
listing (the “ Minimum Stockholders’ Equity Requirement”).

As previously disclosed, on December
16, 2024, the Company entered into a share purchase agreement (the “ AFIOS 6 SPA”) with AFIOS Partners 6 for the sale of 1,200,00
shares of the Company’s restricted common stock, par value $0.001 per share (the “ Shares”) for a purchase price of $1,000,000,
1,200,000 warrants with a 5-year term and an exercise price of $0.90 per warrant, and 1,800,000 warrants with a 5-year term and an exercise
price of $1.20 per warrant to be issued at closing. On the same day, the Company also entered into a share purchase agreement (the “ AFIOS
7 SPA”) with AFIOS Partners 7 for the sale of up to 4,000,000 Shares for $1,500,000 funding on December 16, 2024, 1,500,000 shares
of the Company’s restricted common stock will be issued and $2,500,000 in additional funding as and when required by the Company,
will result in 2,500,000 shares of the Company’s restricted common stock will be issued (a purchase price of one dollar per share).
In addition, the Company agreed to issue as funded proportionately 4,000,000 warrants with a 5-year term and an exercise price of $0.90
per warrant and 6,000,000 warrants with a 5-year term and an exercise price of $1.20 per warrant. The AFIOS 7 SPA also contains an over-allotment
clause whereby AFIOS Partners 7 may increase the equity raise from $4,000,000 to $5,000,000 if the Company approves it, at the AFIOS 7
SPA’s exact pricing and unit