Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 823

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 823
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 $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.

     40 

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
(5-year term, $0.90 exercise price) and 1,800,000 warrants (5-year term, $1.20 exercise price) at closing. Under the “AFIOS 7 SPA”
with AFIOS Partners 7 (“AFIOS 7”), the Company can sell up to 4,000,000 shares for $4,000,000 total: 1,500,000 shares for
$1,500,000 on December 16, 2024, and 2,500,000 shares for $2,500,000 ($1.00 per share) as needed, subject to the AFIOS 7 SPA terms. The
Company will also issue, proportionate to funding, 4,000,000 warrants (5-year term, $0.90 exercise price) and 6,000,000 warrants (5-year
term, $1.20 exercise price). The AFIOS 7 SPA includes an over-allotment option, allowing AFIOS 7 to increase the raise to $5,000,000 with
Company approval, at the same pricing and terms. As of December 31, 2024, 2,700,000