Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 55

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 55
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 of the Company’s
stock options.

Expected Dividend – The expected dividend
assumption is based on the Company’s history and expectation of dividend payouts. The Company has not paid any dividends to date
and does not intend to pay dividends.

Forfeitures are cancelled as they occur. Plan related
forfeitures are added back to the equity incentive plan.

Warrants

As of December 31, 2024, the Company has 15,906,627
warrants outstanding. The following table summarizes warrant activity:

    Schedule of warrant activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2023 
     7,489,960  
    $3.52  
     3.83 
  
    Cancelled 
     –  
    $–  

    Exercised 
     (2,416,667) 
    $0.70  

    Issued 
     10,833,334  
    $0.97  

    Outstanding as of December 31, 2024 
     15,906,627  
    $1.76  
     4.25 

Issuance of New Warrants (Inducement Transaction)

On August 30, 2024, AppTech Payments Corp. entered
a Warrant Inducement Agreement with Armistice Capital Master Fund Ltd., leading to the exercise of 1,666,667 October 2023 warrants at
$0.70 per share, generating $1,167 thousand in gross proceeds ($1,010 thousand net after fees). Concurrently, the exercise price of 1,666,667
February 2023 warrants was reduced from $4.64 to $0.70, increasing their fair value by $350 thousand, and the Company issued 3,333,334
new warrants at $0.70 per share, valued at $2,200 thousand using the Black-Scholes model. There was zero impact to equity as we recorded
both an increase and decrease within Additional Paid-in Capital (APIC) due to the transaction being considered a cost of the capital raise.
The new warrants are exercisable after six months and expire in five and a half years.

Cashless Exercise of Peak One Warrants

Refer to Note 6 - Note Payables.

     44 

AFIOS Partners