Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 41

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 41
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100,000 shares
of $0.001 par value Series A preferred stock (“Series A”). There were fourteen (14) shares of Series A preferred stock outstanding
as of September 30, 2025 and December 31, 2024. Series A stockholders have one vote per share on an “as converted”
basis for all matters submitted to a stockholder vote, without the right to cumulative voting in director elections. They are entitled
to dividends, if declared by the Company’s board of directors (the “Board of Directors”) from legally available funds,
distributed pro rata based on their Series A holdings on an as-converted basis. In the event of liquidation or dissolution, Series A stockholders
share ratably in any remaining assets after liabilities are paid, with no liquidation preferences. Each Series A share is convertible
into 82 shares of common stock at the stockholder’s discretion.

     15 

Common Stock

As of September 30, 2025 and December 31, 2024,
the Company was authorized to issue 105,263,158 shares of common stock with a par value of $0.001 per share. The number of shares outstanding
was 34,488,934 as of September 30, 2025 and 33,278,934 as of December 31, 2024. Common stockholders are entitled to one vote per share
on all matters submitted to a stockholder vote, without the right to cumulative voting in director elections. They are eligible for dividends,
if declared by the Board of Directors from legally available funds, subject to the prior rights of any outstanding preferred stock and
any contractual restrictions on dividend payments. In the event of liquidation or dissolution, common stockholders share ratably in any
assets remaining after payment of liabilities and satisfaction of liquidation preferences of any outstanding preferred stock. Common stock
carries no preemptive or subscription rights and is not convertible into other securities.

Stock Issued for Services

During the nine months ended September 30, 2025
and 2024, the Company issued 10,000 and 485,000, respectively, shares of common stock to a consultant in connection with business development
and professional services. The Company valued the common stock issuances at $4 thousand and $467 thousand, respectively, based upon the
closing market price of the Company’s common stock on the date of the agreement.

Stock Issued related to Acquisition

On March 1,