UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 8.01 Other Information
As disclosed on the Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on October 24, 2023 by AppTech Payments Corp. (the “Company”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with a certain accredited and institutional investor (the “Purchaser”) on October 24, 2023 pursuant to which the Company has agreed to issue and sell to Purchaser an aggregate of: (i) 1,666,667 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”) and (ii) warrants (the “Purchase Warrants”) to purchase up to 1,666,667 shares of Common Stock, exercisable at $2.74 per share (the “Offering”). The offering price per Share and associated Purchase Warrants is $2.10.
On October 26, 2023, the Company closed the Offering and raised $3.5 million in gross proceeds from the Offering. The Common Stock and Purchase Warrants were issued pursuant to a prospectus supplement filed with the Commission on October 25, 2023, as amended by the Supplement No. 1 to the prospectus supplement filed on October 26, 2023, and the prospectus included in the Company’s Registration Statement on Form S-3 (Registration No. 333-265526), which was filed with the Commission on June 10, 2022 and was declared effective on July 15, 2022.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| APPTECH PAYMENTS CORP. | ||
| Date: October 26, 2023 | By: | /s/ Luke D’Angelo |
| Luke D’Angelo | ||
| Chief Executive Officer | ||