Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 390

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 390
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Direct Offering and the concurrent Private Placement were approximately $5.0 million before deducting placement agent fees and other
estimated offering expenses. The offering that was completed in February 2023, caused a reset to the exercise price of existing warrants
from the S-1 offering that had a strike price of $5.19 and a future offerings floor price of $4.15. Accordingly, the floor price was reset
to $4.15 in February 2023. 4,156,626 warrants were reset and $763 thousand was recorded to additional paid-in capital and accumulated
deficit as a result of the reset.

In August 2023, the Company entered into a sales agreement
under which the Company may offer and sell shares of its common stock having an aggregate offering price of up to $18,000 thousand through
“at-the-market” offerings (ATM), pursuant to its 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