Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 1165

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1165
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with AFIOS Partners 7 (“AFIOS 7”), the Company can sell up to 4,000,000 shares for $4,000,000 total: 1,500,000 shares for
$1,500,000 on December 16, 2024, and 2,500,000 shares for $2,500,000 ($1.00 per share) as needed, subject to the AFIOS 7 SPA terms. The
Company will also issue, proportionate to funding, 4,000,000 warrants (5-year term, $0.90 exercise price) and 6,000,000 warrants (5-year
term, $1.20 exercise price). The AFIOS 7 SPA includes an over-allotment option, allowing AFIOS 7 to increase the raise to $5,000,000 with
Company approval, at the same pricing and terms. As of December 31, 2024, 2,700,000 warrants at $0.90 and 4,050,000 warrants at $1.20
have been issued.

Stock Issued for Services

During the years ended December 31, 2024
and 2023, 260,000 shares and 460,000 shares of common stock were issued to several consultants and employees in connection with business
development, professional, and employment services with a value of $267 thousand and $906 thousand, respectively.

Stock Issued with Note Payable

On June 10, 2024, the Company entered into a 60-day
unsecured note agreement with Black Ice Advisors, LLC, a third-party lender, for proceeds of $200 thousand and flat interest of $30 thousand.
Additionally, the Company issued 30,000 shares of AppTech Common Stock to the lender on June 17, 2024 with a fair value of $27 thousand.
On August 12, 2024, the outstanding balance of the note payable of $230 thousand, was repaid.

Refer to Note 6 - Note Payables.

Stock Issued for Convertible Note

See Note 6 -
Note Payable - Convertible Note.

Equity Issued
related to Acquisition

On October 26,
2023, the Company completed the acquisition of FinZeo. The Seller received cash as part of the acquisition. See Note 1 - Purchase of
Alliance Partners, LLC.

As of December
31, 2024, the payment terms