CARLSBAD, California, January 7, 2022 (GLOBE NEWSWIRE) — AppTech Payments Corp (“AppTech”) (NASDAQ:APCX), a financial technology company supporting trade trials, today announced the closing of its 361,458 IPO. , each unit consists of one share of common stock (“common stock”) and one guarantee (“guarantees”) to purchase one share of common stock, at a public offering price of $4.15 per unit, for total gross proceeds of approximately $15.0 million, before deduction Underwriting discounts, commissions and other discretionary offering expenses. Common stock and warranties comprising units are immediately separable and will be issued separately. Each warrant allows the owner to purchase one share of common stock at an exercise price of $5.1875 (125% of the bid price per unit) and expires five years after the date of issue. In addition, the Company gave subscribers a 45-day option to purchase up to 542,168 additional shares of common stock and/or additional warrants at the public offering price of each security, minus underwriting discounts and commissions, to cover the excess allotment. , if any.
EF Hutton, a division of Benchmark Investments, LLC, served as the show’s sole director.
The registration statement on Form S-1, as amended (File No. 333-253160), has been filed with the Securities and Exchange Commission (“SEC”) and announced as of January 4, 2022. The final prospectus relating to the offering has been filed with the Securities and Exchange Commission and stock exchanges on January 6, 2022 and is available on the SEC website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offer, when available, may be obtained from EF Hutton, Division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at firstname.lastname@example.org or phone at (212) 404-7002.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of such securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of Securities of any state or jurisdiction.
AppTech Payments Corp. is a listed financial technology company that uses innovative payment processing technologies and digital banking technologies to complement core merchant service capabilities. AppTech’s patented and proprietary software will provide progressive and adaptable products that are available through a combination of synergistic offerings directly to merchants, banking institutions and corporate businesses.
AppTech is developing an embedded and highly secure digital payments and banking platform that supports the commercial experiences of clients and their clients. Building on industry standards for banking and payment protocols, AppTech will offer stand-alone products and fully integrated solutions that deliver unparalleled innovative payments and banking and financial services experiences. Our processing technologies can be taken to market or leveraged via our RESTful API to build fully branded and customizable experiences while supporting distinct, omnichannel, and omnichannel transactions. For more information about our company, please visit www.apptechcorp.com.
This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements in this document that are not historical facts are forward-looking statements as defined in the US Securities Litigation Reform Act of 1995. Words such as “expect, believe, estimate, anticipate, anticipate, intend, may, plan, project, anticipate, Should, will, and similar expressions as they relate to AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, general economic and business conditions, the effects of ongoing geopolitical turmoil and regional conflicts, competition, changes in marketing methods, delays in manufacturing or distribution, changes in customer order patterns, changes in customer supply mix and various other factors. outside the control of the company. Actual events or results could differ materially from those described in this press release due to any of these factors. AppTech is under no obligation to update or change its forward-looking statements, whether as a result of new information, future events or otherwise.
AppTech Corp. Investor Relations