Company: APCXW
Filing Date: 2025-06-25
Form Type: 8-K
Source: 0001683168-25-004745
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Company: AppTech Payments Corp.
Filing Date: 2025-06-25
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On June 18, 2025, AppTech Payments Corp. (the “ Company”) entered
into a Securities Purchase Agreement (the “ Purchase Agreement”) with an accredited investor (the “ Purchaser”),
pursuant to which the Company issued and sold to the Purchaser a 20% original issue discount convertible promissory note in the aggregate
principal amount of $360,000 (the “ Note” and together with the Purchase Agreement, the “ Transaction Documents”)
for a purchase price of $300,000. The transaction closed on the same date.

In connection with the Offering, a non-accountable
fee of $7,500 was withheld from the Purchase Price by the Purchaser to cover its accounting fees, legal fees, and other transactional
costs incurred in connection with the transactions contemplated by the Purchase Agreement. The Company also paid certain placement fees
and legal fees.

The Note matures six months from its date of issuance
and bears interest at a rate of 10% per annum, payable on the maturity date. The Note is convertible, at the option of the holder, at
any time, into such number of shares of common stock of the Company equal to the principal amount of the Note plus all accrued and unpaid
interest at a conversion price equal to $2.00 (the “ Conversion Price”), subject to adjustment for any stock splits, stock
dividends, recapitalizations and similar events.

The Note is redeemable by the Company at a redemption
price equal to 100% of the sum of the principal amount to be redeemed plus accrued interest, if any. In no event will the holder be entitled
to convert any portion of the Note in excess of that portion which would result in beneficial ownership by the holder and its affiliates
of more than 4.99% of the outstanding shares of common stock, unless the holder delivers to the Company written notice at least sixty-one
(61) days prior to the effective date of such notice that the provision be adjusted to 9.99%.

Upon the occurrence of certain events of default specified
in the Note, such as a failure to honor a conversion request, failure to maintain the Company’s listing, the Company’s failure
to comply with its obligations under Securities Exchange Act of 1934, or as amended, a breach of the Company’s representations or
covenants, as amended, all amounts owed to holder under the Note, together with