Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 908

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 908
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 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.

Public Offerings

In February 2023, the Company announced the closing
of its previously announced $5,000 thousand registered direct offering (the “Registered Direct Offering”) with a single institutional
investor to sell 1,666,667 shares of its common stock (the “Shares”) and warrants to purchase up to 1,666,667 shares (the
“Warrants”) in a concurrent private placement (the “Private Placement”). The combined purchase price for one Share
and one Warrant was $3.00. Each of the Warrants has an exercise price of $4.64 per share of common stock and are exercisable on and after
August 1, 2023. The Warrants expire five years from the date on which they become exercisable. The aggregate gross proceeds from the Registered
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