Company: APCXW
Filing Date: 2025-02-18
Form Type: 8-K
Source: 0001683168-25-001066
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Company: AppTech Payments Corp.
Filing Date: 2025-02-18
Form: 8-K
Item: Item 7.01
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Item 7.01 Regulation FD Disclosure.

As previously disclosed, AppTech Payments Corp.
(the “ Company” or “our”) received notices from the Nasdaq Listing Qualifications Department (the “ Staff”)
of The Nasdaq Stock Market LLC (“ Nasdaq”) on May 9, 2024 and August 21, 2024, respectively, notifying that the Company is
not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company to maintain a minimum bid price of at least $1 per share
(the “ Minimum Bid Price Requirement”), and Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain a minimum
of $2,500,000 in stockholders’ equity for continued listing (the “ Minimum Stockholders’ Equity Requirement”).
On November 6, 2024, the Company received a delisting determination letter from the Staff indicating that the Company had not regained
compliance with the Minimum Bid Price Requirement and, accordingly, its securities are subject to delisting from Nasdaq unless the Company
timely requests an appeal of its determination before the Nasdaq Hearings Panel (the “ Panel”) by November 13, 2024. On November
12, 2024, the Company timely requested a hearing before the Panel to appeal the delisting determination by the Staff. On November 22,
2024, the Company received a formal notice that the Panel will consider its appeal at an oral hearing on January 14, 2025 (the “ Hearing”).
The Hearing on this matter was held on January 14, 2025.

On February 12, 2025, the Panel issued a written
decision to the Company and determined to grant the request of the Company to continue its listing on the Nasdaq, subject to the following
conditions:

  On or before March 31, 2025, the Company shall demonstrate compliance with the Minimum Stockholders’ Equity Requirement;                  
  On or before March 31, 2025, the Company must file a public disclosure describing any transactions undertaken by the Company to increase  
  its equity and providing an indication of its equity following those transactions;                                                        
  On or before March 31, 2025, the Company must provide the Panel with an update on its fundraising plans, updated income projections       
  for the next 12 months, with all underlying assumptions clearly stated; and                                                               
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