Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 599

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 599
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 authorized to issue 105,263,158 shares of common stock with a par value of $0.001 per share. The number of shares outstanding
was 33,278,934 as of December 31, 2024 and 22,251,742 as of December 31, 2023. Common stockholders are entitled to one vote per share
on 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