Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 994

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 994
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 shelf registration statement on Form S-3 on file with the SEC. In total,
as of December 31, 2024, the Company sold 898,780 shares of common stock, for which we received net proceeds of $2,100 thousand,
after deducting commissions, fees and expenses.

In October 2023, the Company entered into a Securities
Purchase Agreement (the “Securities Purchase Agreement”) with a certain accredited and institutional investor (the “Purchaser”)
pursuant to which the Company has agreed to issue and sell to Purchaser an aggregate of: (i) 1,666,667 shares (the “Shares”)
of the Company’s common stock, par value $0.001 per share (the “Common Stock”) and (ii) warrants (the “Purchase
Warrants”) to purchase up to 1,666,667 shares of Common Stock, exercisable at $2.74 per share (the “Offering”). The
offering price per Share and associated Purchase Warrants was $2.10. The October Warrants expire five years from the date on which they
become exercisable. On October 26, 2023, the Company closed the Offering and raised $3,500 thousand in gross proceeds from the Offering.

On March 26, 2024, AppTech entered into an underwriting
agreement with EF Hutton LLC, as representative of the several underwriters, relating to the public offering of 2,000,000 shares of common
stock, par value $0.001 per share, at a purchase price per share to the public of $1.00. Pursuant to the Underwriting Agreement, the Company
granted the Underwriters a 45-day option to purchase up to an additional 300,000 shares of Common Stock at the Offering Price, less any
underwriting discounts and commissions. The Company received $1,760 thousand in net proceeds, after deducting fees.

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Stock Issued as part of an Investment

On December 16, 2024, we executed two Share
Purchase Agreements with AFIOS Partners, a related party to AppTech. Under the “AFIOS 6 SPA” with AFIOS Partners 6 (“AFIOS
6”), the Company sold 1,200,000 restricted common shares ($0.001 par value) for $1,000,000 ($0.833/share) and issued 1,200,000 warrants