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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 12 – SUBSEQUENT EVENTS

 

Subsequent to the December 31, 2023, the Company sold 423,180 shares of common stock under its “at-the-market” offerings (“ATM”), for which the Company received net proceeds of $701 thousand, after deducting commissions, fees and expenses.

 

On January 23, 2024, the Company granted 1 million options to a consultant with an exercise price of $1.58 and an expiration term of one year. The options are contingent on the consultant achieving certain sales targets and they will be forfeited if those goals are not achieved. There was no stock base compensation expense recorded as of the date of this filing.

 

On March 1, 2024, the Company issued 15,000 shares of common stock issued to the former owner of Alliance Partners, LLC as consideration for extending the payment due date for the remaining balance due of the acquisition consideration.

 

On March 26, 2024, AppTech Payments Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton LLC, as representative of the several underwriters (the “Underwriters”), relating to the public offering of 2,000,000 shares of common stock, par value $0.001 per share (“Common Stock”), at a purchase price per share to the public of $1.00 (the “Offering Price”). Pursuant to the Underwriting Agreement, the Company granted the Underwriters a 45-day option to purchase up to an additional 300,000 shares of Common Stock at the Offering Price, less any underwriting discounts and commissions, for use solely in covering any over-allotments.