CARLSBAD, Calif., January 7, 2022 (GLOBE NEWSWIRE) – AppTech Payments Corp. (âAppTechâ) (NASDAQ: APCX), a financial technology company that powers business experiences, today announced the closing of its subscribed public offering of 3,614,458 units, each unit consisting of one common share (the âCommon sharesâ) and a warrant (the âwarrantsâ) to purchase one common share, at a public offering price of $ 4.15 per unit, for total gross proceeds of approximately 15 . $ 0 million, before the deduction of sales chargebacks, commissions and other estimated offering costs. The Ordinary Shares and the Warrants comprising the units are immediately separable and will be issued separately. Each warrant entitles its holder to purchase one common share at an exercise price of $ 5.1875 (125% of the offering price per unit) and expires five years from the date of issue. In addition, the Company has granted the underwriters a 45-day option to purchase up to 542,168 additional common shares and / or additional warrants at the public offering price per security, less discounts and underwriting fees. , to cover the over-allotments, if only.
EF Hutton, a division of Benchmark Investments, LLC, acted as the sole book manager for the offering.
A registration statement on Form S-1, as amended (File No. 333-253160), has been filed with the Securities and Exchange Commission (âSECâ) and was declared effective on January 4, 2022. A prospectus Final Offer Report was filed with the SEC on January 6, 2022 and is available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from EF Hutton, a division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department , or by email at [email protected] or by 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 in this document, and there will be no sale of such securities in any state or jurisdiction in which such offering, soliciting or selling would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.
AppTech Payments Corp. is a publicly traded fintech company that uses innovative payment processing and digital banking technologies to complement core merchant services capabilities. AppTech’s patented and proprietary software will deliver progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions and businesses.
AppTech is developing an integrated, highly secure digital banking and payment platform that powers the business experiences of customers and their customers. Based on industry standards for payment and banking protocols, AppTech will offer stand-alone products and fully integrated solutions that deliver innovative and unmatched payment, banking and financial services experiences. Our processing technologies can be out of the box or leveraged through our RESTful API to create fully personalized and customizable experiences while supporting tokenized, multi-channel and multi-method transactions. For more information about our company, please visit www.apptechcorp.com.
This press release contains forward-looking statements which are inherently subject to risks and uncertainties. All statements in this document that are not historical facts are forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. Words such as “anticipate, believe, estimate, expect, predict, intend, may, plan, project, predict, should, will âand similar expressions in connection with AppTech are intended to identify such forward-looking statements. These risks and uncertainties include, without limitation, general economic and business conditions, the effects of geopolitical unrest and continuing regional conflicts, competition, changes in marketing methods, manufacturing or distribution delays, changes in customer order patterns, changes in customer supply and various other factors beyond the control of the company. Actual events or results may differ materially from those described in this press release due to any of these factors. AppTech has no obligation to update or change any forward-looking statements, whether as a result of new information, future events, or otherwise.
AppTech Corp. Investor Relations