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. reports developments in fintech payment services for financial institutions, corporations, small and midsized enterprises, and consumers through a scalable cloud-based platform architecture. Company news centers on operating results, product-line revenue, Banking-as-a-Service platform activity, fintech integrator relationships, and the completed acquisition and integration of Infinitus Pay.
Recurring updates also cover capital financing, common stock and warrant quotation on the OTCQB market, board composition, executive roles, employment arrangements, and compliance demands tied to the company’s growth and public-company status.
AppTech Payments Corp. (NASDAQ: APCX) appointed Julia Yu as Senior Vice President of Corporate Finance and Accounting on April 20, 2022. With over 20 years of experience in finance and accounting, Yu will oversee all financial functions as AppTech seeks global expansion. Previously a Director of Finance at Caladrius Bioscience, Yu holds multiple finance certifications and MBAs. CEO Luke D'Angelo highlights her leadership as essential for the company's growth and strategic goals, particularly in launching their payments platform and pursuing acquisitions.
AppTech Payments Corp. (NASDAQ: APCX) has announced its definitive agreement to acquire Hothand Inc., a patent holding company with a portfolio of twelve patents related to mobile credit/debit transactions and promotional services. This strategic acquisition aims to enhance AppTech's fintech capabilities by integrating Hothand's patented technology, which allows for product and service requests within specific geolocations and times. The purchase will be executed through a mix of cash and stock, reinforcing AppTech's position in the fintech industry.
AppTech Payments Corp. (NASDAQ: APCX) reported Q4 and FY 2021 results on March 31, 2022. Q4 revenues increased by 3.0% to $95,136, driven by larger processing volumes. For FY 2021, revenues totaled $353,824, marking a 7% increase from FY 2020. The cash balance as of December 31, 2021, was $8,026, bolstered by a public offering on January 7, 2022, netting $13.4 million. Management highlighted the onboarding of a new development team and successful NASDAQ uplisting as significant strides toward expanding their fintech platform.
AppTech Payments Corp. (NASDAQ: APCX) announced the appointment of Howard Fish as the new Director of Sales and Business Development. With over 30 years in financial services and integrated payments, Mr. Fish aims to lead AppTech’s sales organization and global business development in both mature and emerging markets. His previous experience includes leadership roles at various financial technology companies, enhancing his fit for AppTech’s growth strategy. The company is focused on developing a secure digital payments platform that offers innovative solutions to merchants and financial institutions.
AppTech Payments Corp. (NASDAQ: APCX) announced the filing of its proxy statement for its Annual Shareholder Meeting, scheduled for May 3, 2022, at 10:00 AM PST. To accommodate all shareholders, the meeting will be held exclusively online. Shareholders as of the March 15, 2022 record date are eligible to attend. Detailed access instructions and proxy materials have been sent via direct mail. AppTech focuses on innovative payment processing and digital banking technologies, offering a range of services to merchants and financial institutions.
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.