Company: APCXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003561
Chunk: 37

Company: AppTech Payments Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 8
Chunk 37
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 SUBSEQUENT EVENTS

As of the filing of this report, the Company has
not received a final notice from The Nasdaq Stock Market LLC ("Nasdaq") regarding the delisting of the Company's Common Stock
(APCX) and Warrants (APCXW) from Nasdaq’s exchange for its failure to comply with Nasdaq's continued listing standards. The Company
was not able to overcome the minimum $1 bid price for ten consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). Preemptively,
we have applied for and have been accepted onto the Over-The-Counter Venture Market (“OTCQB”). APCX and APCXW will trade on
the OTCQB market under the same symbols and the Company will remain a reporting entity under the Securities Exchange Act of 1934. It is
management’s intention to apply to a national exchange before the end of the fiscal year.

On April 11, 2025, the Company entered a three-party
agreement with one of its banking partners and software providers. Under the terms of the arrangement, AppTech agreed to pay a $103 thousand
perpetual licensing fee (payable in six equal monthly installments) to the software provider. In addition, we assumed a convertible note
from the bank that entitles us to an equity stake in the software provider. The $250 thousand note earns interest at 8% annually matures
in June 2026, and converts to equity automatically at maturity or if there is a financing event.

See Note 7 – Commitments and Contingencies
for an update on the payments related to the former employee’s lawsuit.

See Note 8 – Stockholders’ Equity
for additional subsequent event related to the $500 thousand equity receivable received.

 16 

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

The following discussion and analysis of our financial
condition and results of operations should be read together with the audited consolidated financial statements and related notes included
elsewhere in this report. Certain statements contained in this report, including statements regarding the anticipated development and
expansion of our business, our intent, belief or current expectations, primarily with respect to the future operating performance of our
company and the products and services we expect to offer and other statements contained herein regarding matters that are not historical
facts, are “forward-looking” statements. Our Management’s Discussion and Analysis contains not only statements that
are historical facts, but also