Core Points - AppTech Payments Corp. has received approval from the Nasdaq Hearings Panel to continue its listing on Nasdaq, contingent upon meeting specific conditions by March 31, 2025 [1] - The company must demonstrate that its shareholders' equity deficiency has been cured and plans to include this information in its 2023 10-K filing, expected by March 15, 2025 [1] - AppTech has until May 5, 2025, to comply with Nasdaq's minimum bid price requirement of $1 per share [1] - The CEO expressed gratitude for the support from Nasdaq and emphasized the company's commitment to meeting all listing requirements [2] - Recent restructuring efforts have positioned AppTech to generate significant revenue across multiple verticals, aiming to enhance shareholder value [2] Company Overview - AppTech Payments Corp. provides digital financial services through a scalable cloud-based platform for financial institutions, corporations, SMEs, and consumers [3] - The company holds exclusive licensing and partnership agreements along with a full suite of patented technology capabilities [3]

Core Insights - AppTech Payments Corp. has accepted the resignation of Luke D'Angelo as CEO and Executive Director, effective December 24, 2024, while he will continue as Chairman of the Board [1][2] - Thomas DeRosa has been appointed as Interim CEO following D'Angelo's resignation [1] - Meilin Yu's employment as Chief Financial Officer and Treasurer ended on December 24, 2024, with Felipe A. Corrado IV appointed to the role [3] Leadership Changes - Luke D'Angelo expressed pride in the company's accomplishments and commitment to support its future success in his new role as Chairman [2] - Thomas DeRosa brings over 40 years of experience in technology leadership and has been with AppTech since August 2023, focusing on strategic vision and operational excellence [7] - Felipe A. Corrado IV has over two decades of experience in financial roles and has served AppTech in various capacities for about three years [8] Company Overview - AppTech Payments Corp. provides digital financial services through a scalable cloud-based platform, catering to financial institutions, corporations, SMEs, and consumers [9]

Revolutionizing Financial Services Through AI Innovation and Financial InclusionSILICON VALLEY, Calif., Dec. 17, 2024 /PRNewswire/ -- PayToMe.co, an award-winning AI-powered fintech marketplace and one of the top 1% global startups, proudly announces its ranking as the #2 startup in the prestigious Hatcher+ Global Top 100 Startups for November 2024. This recognition highlights PayToMe.co's ability to harness cutting-edge technology to deliver transformative solutions for the global financial ecosystem. "Be ...

Core Points - AppTech Payments Corp. announced a $5 million investment from AFIOS Partners, with an average share price of $0.96, and the potential to raise an additional $14 million through warrants [1][2] - The Board of Directors has been reduced from seven to five members, with three new appointments from AFIOS Partners [1][3] - As of December 16, 2024, AppTech has received $2.5 million of the committed $5 million, and AFIOS will acquire up to 5.2 million shares and approximately 13 million warrants [2] Company Overview - AppTech Payments Corp. provides digital financial services through a scalable cloud-based platform for various clients, including financial institutions and SMEs [4] - The company holds exclusive licensing and partnership agreements along with a full suite of patented technology capabilities [4]

CARLSBAD, Calif., Nov. 15, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ: APCX), a pioneering Fintech company powering frictionless commerce, announced its financial results for the third quarter ended September 30, 2024. Strategic HighlightsIn Q3 2024, AppTech continued its strategic focus on platform innovation, operational efficiency, and expanding partnerships within high-growth sectors such as credit unions, Independent Sales Organizations (ISOs), and airports, addressing the increasing deman ...

Revenue Performance - Revenue for the three months ended September 30, 2024, was approximately $43 thousand, a decrease of 69% compared to $140 thousand for the same period in 2023, primarily due to $34 thousand lower merchant processing revenue and $62 thousand lower licensing fees [162]. - Revenue for the nine months ended September 30, 2024, was approximately $224 thousand, a decrease of 38% compared to $363 thousand in 2023, primarily due to $161 thousand lower merchant processing revenue [163]. Compliance and Regulatory Issues - The company has until November 5, 2024, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 after receiving a deficiency notification on May 9, 2024 [151]. - AppTech's common stock and warrants continue to trade on The Nasdaq Capital Market under the symbols "APCX" and "APCXW" despite recent compliance issues [153]. - The company has submitted a compliance plan to Nasdaq to regain and maintain compliance with listing requirements [154]. Financial Activities and Funding - A private placement offering closed on July 11, 2024, raising $1,100,000 through a 6% convertible debenture and a warrant to purchase up to 750,000 shares at an exercise price of $1.16 [145][146]. - Management is actively pursuing additional funding options and is confident in generating revenue within the next twelve months, although no assurances can be made [180]. - Net cash provided by financing activities for the nine months ended September 30, 2024, was approximately $4.4 million, an increase from $3.4 million in 2023, primarily from public offerings and convertible notes [186]. Expenses and Financial Health - Cost of revenue for the nine months ended September 30, 2024, was approximately $49 thousand, representing a decrease of 69% from $159 thousand in 2023, driven by a reduction in residual payouts [164]. - General and administrative expenses for the nine months ended September 30, 2024, were approximately $6.7 million, a decrease of 6% from $7.1 million in 2023, primarily due to lower stock-based compensation [166]. - Research and development expenses for the nine months ended September 30, 2024, were approximately $1.3 million, down from $2.8 million in 2023, due to lower stock-based compensation and reclassification of expenses [168]. - Impairment of intangible assets was approximately $0 for the nine months ended September 30, 2024, compared to $6.1 million in 2023, as the company wrote off the impaired asset related to Infinios [170]. - Net cash used in operating activities for the nine months ended September 30, 2024, was approximately $5.0 million, compared to $6.5 million in 2023, reflecting a reduction in net loss and adjustments for non-cash expenses [182]. - As of September 30, 2024, the company had cash and cash equivalents of approximately $104 thousand and working capital of negative $4.8 million [176]. - The company has experienced recurring operating losses, raising substantial doubt about its ability to continue as a going concern [179]. Product and Service Offerings - AppTech's FinZeo™ platform offers Payments-as-a-Service (PaaS) and Banking-as-a-Service (BaaS), enhancing digital payment and banking solutions for clients [131][133]. - The company aims to accelerate digital transformation through its automated underwriting portal, which expedites business onboarding [133]. - AppTech's flexible architecture allows for white labeling, providing personalized payment and banking experiences for merchants and partners [136]. Equity and Warrant Transactions - AppTech sold warrants to Armistice Capital Master Fund Ltd. for up to 1,666,667 shares at an exercise price of $4.64 per share in February 2023 and $2.74 per share in October 2023 [139][140]. - The company is prohibited from entering into subsequent equity sales for a 45-day period following the Warrant Inducement Agreement with Armistice, which involved a reduced exercise price of $0.70 per share [141].

CARLSBAD, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (Nasdaq: APCX) (“AppTech” or the “Company”), a pioneering Fintech company powering frictionless commerce, today announces its financial results for the second quarter ended June 30, 2024, showcasing strategic progress and continued operational efficiency. Financial Highlights Revenue PerformanceReported revenue of approximately $76 thousand for Q2 2024, reflecting a decrease of $134 thousand in the same period last year due to lower ...

Table of Contents Delaware 7389 65-0847995 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value per share APCX Nasdaq Capital Market Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $4.15 APCXW Nasdaq Capital Market UNITED STATES SECURITIES AND EXCHAN ...

CARLSBAD, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX) ("AppTech" or the "Company"), a pioneering Fintech company powering frictionless commerce, announces today a strategic partnership with FISB Solutions ("FISB") whereby the Company will update the legacy core banking systems represented by FISB with the latest neobank technologies, empowering hundreds of community banks with a competitive advantage in the digital banking era. AppTech Founder and CEO Luke D'Angelo stated, ...

CARLSBAD, Calif., May 16, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (Nasdaq: APCX), a pioneering Fintech company powering frictionless commerce, announces today the successful completion of the pilot program for its Banking-as-a-Service (BaaS) platform. The Company will use this BaaS solution to commercially launch InstaCash, which utilizes the BaaS for virtual accounts, debit and credit cards, and high interest-yielding financial products. AppTech CEO Luke D’Angelo stated, “The success of our BaaS pi ...