Welcome to our dedicated page for Apptech news (Ticker: APCX), a resource for investors and traders seeking the latest updates and insights on Apptech stock.
AppTech Payments Corp. (APCX) is a fintech company that provides digital financial services through a cloud-based platform, with a focus on payment technology, banking functions, and embedded financial solutions. The AppTech news feed on Stock Titan aggregates company-issued updates and related coverage so readers can follow how its strategy and technology evolve over time.
News about AppTech commonly includes quarterly and annual financial results, where the company reports operating performance and comments on revenue initiatives and cost efficiency. Management often discusses efforts to scale transaction-based revenues, optimize expenses, and move toward breakeven and profitability. These releases provide context on how AppTech’s financial profile is changing as it invests in its platform.
AppTech also issues product and platform announcements, such as the launch of its CoreBanking solution integrated with the FINZEO platform and the introduction of its Lending Integrations and Processing Platform. These updates describe new capabilities like digital onboarding, payment rails, compliance tools, virtual accounts, and lending-related processing for financial institutions and partners.
Another key category of news involves corporate and capital markets developments. Examples include disclosures about Nasdaq listing status and the transition of APCX and APCXW to quotation on the OTCQB market tier, as well as governance changes and financing arrangements. AppTech has also announced strategic transactions, such as the acquisition of Infinitus Pay Inc., which it says enhances its Banking-as-a-Service platform.
Investors and observers can use this news page to monitor AppTech’s financial updates, technology launches, acquisitions, listing developments, and other material events in one place.
AppTech Payments Corp. (NASDAQ: APCX) announced the termination of its partnership with Silver Alert Services, effective Feb. 17, 2022, by mutual agreement. This decision arose from delays in the release of LifeLight's remote patient monitoring system due to COVID-related market impacts. The termination allows AppTech to concentrate on launching its patented digital banking platform, aimed at enhancing commerce experiences. AppTech expresses gratitude towards LifeLight for their collaboration and anticipates continued working relations with Silver Alert on future projects.
AppTech Payments Corp. (NASDAQ: APCX) has appointed Nicholas Nolasco as Chief Architect and Scott Carnley as Director of Engineering, enhancing its technical leadership team. Nolasco brings over 17 years of experience, previously leading significant projects at Zuora and Blackbaud, focusing on scalable fintech solutions. Carnley, with two decades of experience, also joins from Blackbaud, where he developed systems for high-volume transaction processing. AppTech aims to strengthen its fintech platform and customer offerings with this leadership boost.
AppTech Payments Corp. (NASDAQ: APCX) has successfully closed its public offering of 3,614,458 units at a price of $4.15 per unit, generating approximately $15.0 million in gross proceeds. Each unit comprises one share of common stock and one warrant, allowing purchase of additional stock at $5.1875. The warrants expire five years post-issuance. The underwriters have a 45-day over-allotment option for up to 542,168 additional shares. EF Hutton managed the offering.
AppTech Payments Corp. (NASDAQ: APCX) issued a correction regarding its reverse stock split timing originally announced on January 4, 2022. The effective time of the reverse split is now correctly stated as 12:01 a.m. Eastern Time on January 5, 2022. This change clarifies the intended schedule for the split, which aims to enhance shareholder value and align the company's stock price with industry standards.
AppTech Payments Corp. (OTC: APCX) announced a public offering of 3,614,458 units, each comprising one share of common stock priced at $4.15 and one warrant to purchase an additional share at $5.1875, aiming for total gross proceeds of approximately $15 million. The offering is expected to close around January 7, 2022. Additionally, there will be a reverse stock split at a ratio of 1-for-9.5 effective January 5, 2022. The company has received Nasdaq approval for trading under symbols APCX and APCXW.
AppTech Payments Corp. announced the appointment of Aram A. Aghapour as Senior Vice President of Research, Development, and Infrastructure Operations. With over 20 years of experience, he previously worked at Microfocus Fortify, enhancing application security for major financial companies. Aghapour will oversee AppTech's software development lifecycle and security teams. President Virgil Llapitan highlighted his proven track record in FinTech solutions. AppTech aims to innovate in the payment and banking space with a highly secure digital platform.
AppTech Corp. (OTC: APCX) has announced the appointment of Chad Nelley as Chief Operating Officer, tasked with leading operational success and go-to-market execution. Nelley brings over 25 years of corporate operations expertise, previously serving at ESET North America, where he drove significant profitability gains. AppTech is focused on pioneering financial technology innovations, and Nelley's leadership is expected to enhance revenue growth and operational efficiency.
AppTech Corp. (OTC: APCX) announces Bryan Guy as the new Senior Vice President of Product Management and Experiences. Joining from the technology consulting field, Bryan will oversee product strategy and user experience design to enhance omni-channel commerce. With over two decades of experience in payments and e-commerce, he has previously worked with major firms like Starbucks and T-Mobile. AppTech aims to leverage his expertise to advance its fintech platform. The company focuses on innovative payment processing and digital banking technologies for merchants and enterprises.
AppTech Corp. (OTC: APCX) announced the appointment of Ben Jenkins as Chief Technology Officer. Jenkins previously led digital transformation at Innovations Realized and has extensive experience in fintech. He will oversee the strategy and development of AppTech’s core technology platform. President Virgil Llapitan expressed excitement about Jenkins' leadership and innovation skills, which are expected to enhance value for customers. Jenkins aims to leverage emerging digital trends to position AppTech as a frontrunner in financial technology.
AppTech Corp. (OTC: APCX) announced its Annual Shareholder Meeting scheduled for December 29, 2021, at 10:30 AM PST. To facilitate attendance, the meeting will be held online. Shareholders of record as of November 10, 2021, will receive proxy materials via direct mail. Those not receiving notice by December 8, 2021, should contact Investor Relations. AppTech specializes in fintech solutions, leveraging patented technology for digital payments and banking services aimed at enhancing commerce experiences.