Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 45

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 45
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30, 2025 
     22,281,627  
    $1.57  
     3.82 

NOTE 9 – SUBSEQUENT EVENTS

On September 3, 2025, AppTech entered into a letter
of intent with Infinitus Pay (“IP”) to acquire 100% of their equity in return for total consideration consisting of up to
$3,000 thousand, up to 5,000 thousand shares of our common stock, and up to 4,000 thousand warrants. The purpose of the acquisition was
to enhance AppTech’s product offerings while acquiring IP’s platform and book of business. The acquisition was completed on
October 31, 2025. The purchase price accounting has not been completed, however, it is anticipated to be completed prior to the end of
the allowable measurement period.

To finance the acquisition, AppTech entered into
the following arrangements:

·On October 30, 2025, $1,000 thousand was invested by two members of the
AFIOS group. The original agreement with AFIOS Partners allowed for an additional $1,000 thousand to be invested in return for common
stock and warrants. As of the date of this report, the shares and warrants have been issued. 

·On October 29, 2025, we secured a $1,000
                                                                                                             thousand loan with an interest rate of 24% with a current investor and board member. The note is interest-only for December 2025 to
                                                                                                             March 2026, and thereafter will be paid in full with ten equal payments of principal and interest ending on January 2027. The note
                                                                                                             is secured by our accounts receivable and 10% of the IP stock.

On October 21, 2025, AppTech entered into a participation
agreement with a related party that will invest $1,500 thousand in three equal monthly installments starting on November 15, 2025 and
ending on January 15, 2026. In return for its investment, the group receives a percentage of gross revenues, until its invested funds
are repaid with an IRR up to 28%. The investment group has the option to invest up to an additional $1,000 thousand.

On October 31, 2025, the current CEO provided a short term, non-interest
bearing loan of $50,000 to the Company.

 18 

Item 2. Management’s