Apptech Stock Price, News & Analysis

AppTech Payments Corp. (APCX) has been delisted from the Nasdaq Capital Market due to noncompliance with listing requirements, specifically Rule 5550(a)(2). The company's common stock and warrants have transitioned to trading on the OTCQB® market effective May 20, 2025, under symbols APCX and APCXW. Additionally, the company announced significant leadership changes, with Luke D'Angelo resigning as Chairman and Virgilio Llapitan stepping down as President, COO & Director. CEO Tom DeRosa expressed disappointment about the delisting but maintained confidence in the company's revenue outlook. The company will continue its SEC reporting obligations, and the operational aspects remain unaffected by the transition to OTC Markets.

AppTech Payments Corp. (NASDAQ: APCX) has released its Q1 2025 financial results, showing improved performance despite continued losses. The fintech company reported an operating loss of $2.6 million ($0.08 per share), marking an improvement from the $3.0 million loss ($0.13 per share) in Q1 2024. The cash basis loss also decreased to $1.8 million from $2.2 million year-over-year. CFO Felipe Corrado emphasized the company's focus on revenue expansion while maintaining cost efficiency, noting that their financial improvement initiatives are beginning to show results.

AppTech Payments Corp (NASDAQ: APCX) has launched its new CoreBanking solution, integrated with the FINZEO Platform and its first banking client. The solution offers Digital Onboarding, FedWire, FedACH, Compliance, Virtual Bank Accounts, Risk Management, Ledger, FedNow, and Physical/Virtual Cards.

The CoreBanking platform is projected to generate $40,000 in first-week revenue, scaling to over $500,000 monthly by end-2025. The company aims to help banks improve operational efficiency, enter new markets, and eliminate reliance on outdated technologies while leveraging AppTech's existing client base for transaction fees and deposits.

AppTech has restructured its management team and upgraded technology to drive revenue through 2025's final three quarters, focusing on expanding to community banking clients in the FINZEO pipeline.

AppTech Payments Corp (NASDAQ: APCX) has launched its new Lending Integrations and Processing Platform. The company has successfully underwritten several prominent loan processors and expects significant growth as partners onboard their portfolio companies.

Management projects reaching over 250,000 transactions per month in the near term, operating in a market with millions of monthly transactions. CEO Thomas DeRosa expressed confidence in achieving cash break-even by year-end, citing strong operational momentum.

AppTech Payments Corp (NASDAQ: APCX) reported its Q4 2024 financial results, showing improved performance with a reduced operating loss of $2.1 million ($0.08 per share) compared to $3.4 million ($0.18 per share) in Q4 2023. The full-year 2024 operating loss decreased to $8.8 million ($0.35 per share) from $18.5 million ($1.01 per share) in 2023.

The fintech company underwent significant changes in Q4 2024, including a $5 million investment from a new investor group who gained Board voting control and implemented leadership changes, replacing the CEO and CFO. New CFO Felipe Corrado highlighted organizational improvements, strengthened capital position, reduced expenses, and a narrowed focus on potentially profitable near-term customers. The company will file its 2024 Form 10K on March 31, 2025.

AppTech Payments Corp. (NASDAQ: APCX) has received an extension from the Nasdaq Hearings Panel to maintain its listing on The Nasdaq Stock Market. The company must meet specific conditions, including filing a public disclosure by March 31, 2025, demonstrating that its shareholders' equity deficiency has been resolved. This information will be detailed in the company's 2023 10-K filing, expected by March 15, 2025.

Additionally, AppTech has until May 5, 2025, to meet Nasdaq's $1 minimum bid price per share requirement. The Panel approved the company's request to increase its stock price organically, partly based on their compliance with the Equity Rule. CEO Thomas DeRosa expressed confidence in the company's strengthened position following recent restructuring efforts, stating they are poised to generate significant revenue across multiple verticals.

AppTech Payments Corp. (NASDAQ: APCX) announced significant leadership changes effective December 24, 2024. Luke D'Angelo has resigned as CEO and Executive Director but will continue as Chairman of the Board. Thomas DeRosa, who has served as Executive Director of Product & Project Management since August 2023, has been appointed Interim CEO. DeRosa brings over 40 years of experience in technology leadership.

Additionally, Meilin Yu's employment as Chief Financial Officer and Treasurer has ended. The company has appointed Felipe A. Corrado IV, who has served in various financial roles at AppTech for about 3 years, as the new CFO and Treasurer. Corrado brings over two decades of experience in financial leadership roles.

PayToMe.co has secured the #2 position in the Hatcher+ Global Top 100 Startups for November 2024. The AI-powered fintech marketplace leverages patented Text-to-Pay technology and operates in the financial services market, projected to exceed $600 billion by 2029.

The company's platform features customizable digital invoicing supporting 100+ countries, AI-driven compliance for KYC/KYB processes, and global merchant services operating in 34 countries and 14 languages. PayToMe.co connects to 12,000 financial institutions and 7,000 applications globally.

Strategic partnerships include collaborations with Stripe, Plaid, US Bank, Startupbootcamp, and AppTech Payments Corp (Nasdaq: APCX). The Hatcher+ recognition, based on an AI-driven evaluation tool analyzing 600,000 deals and 20 billion simulated funds, validates PayToMe.co's potential for growth and market impact.

AppTech Payments Corp (NASDAQ: APCX) announced a $5 million common stock investment from AFIOS Partners at an average price of $0.96 per share. The deal includes approximately 13 million warrants at prices between $0.90 and $1.20, which could provide up to an additional $14 million in equity if fully exercised. As of December 16, 2024, $2.5 million of the commitment has been received.

The company also underwent significant Board restructuring, reducing members from seven to five. Albert L. Lord, Thomas J. Kozlowski Jr., and Calvin D. Walsh were appointed as new directors, while Christopher Williams, Michael O'Neal, William Huff, and Mengyin H. Liang resigned.