Apptech Stock Price, News & Analysis

AppTech Payments Corp. (Nasdaq: APCX) announced a registered direct offering totaling approximately $5 million, involving the purchase of 1,666,667 shares of common stock at $3.00 each from a single institutional investor. Concurrently, the company will issue warrants to purchase the same number of shares at an exercise price of $4.64. The offering, facilitated by EF Hutton, is expected to close around February 1, 2023. The shares are being offered through a previously filed shelf registration statement, while the warrants are part of a private placement. This capital is aimed at enhancing operational efficiencies and supporting growth initiatives.

On January 18, 2023, AppTech Payments Corp. (NASDAQ: APCX) announced that it has cured its Nasdaq minimum bid price deficiency. Nasdaq confirmed the continuation of its listing after AppTech maintained a closing bid price above $1.00 for 10 consecutive business days, achieving compliance on January 3, 2023. CEO Luke D'Angelo emphasized the company's growth strategy, mentioning new B2B opportunities and a strong balance sheet, positioning AppTech to enhance shareholder value. The company was also recognized on Fox Business as a top long-term investment option. Forward-looking statements highlight potential risks and market uncertainties.

AppTech Payments Corp. (NASDAQ: APCX) recently hosted a Fireside Chat featuring CEO Luke D’Angelo and market analyst Kenny Polcari, emphasizing future growth and recent company developments. The conversation highlighted AppTech's innovative Fintech solutions designed for seamless omni-channel commerce. Additionally, AppTech was recognized on Fox Business as a promising long-term investment option for stock portfolios. The company aims to enhance operational efficiencies through its patented technology platform, Commerse, which integrates various digital banking and merchant services.

AppTech Payments Corp. (NASDAQ: APCX) announced the addition of two key executives to its leadership team, aiming to enhance its payment operations and product management for the Commerse™ platform. Deborah Hinderstein joins as Vice President of Payment Operations, bringing over 15 years of experience from companies like Bank of America and Wells Fargo. Alexander Amaeze takes on the role of Technical Product Manager, with a rich background in product management from firms such as AT&T and Toyota Financial. These strategic hires are expected to improve operational efficiency and accelerate market delivery.

AppTech Payments Corp. (NASDAQ: APCX) reported its financial results for the third quarter of 2022, highlighting a revenue increase to approximately $115,000 from $92,000 in Q3 2021. The company maintains a cash balance of $5.9 million. Recent advancements include the launch of the Commerse™ platform, partnerships with Chip Financial and a Canadian firm, and the acquisition of Hothand Inc. These initiatives aim to enhance AppTech’s offerings in Fintech, digital banking, and payments. The company is transforming into a Software-as-a-Service (SaaS) model, targeting the expanding Fintech-as-a-Service (FaaS) market valued at $232.14 billion.

AppTech Payments Corp. (NASDAQ: APCX) reported its financial results for Q3 2022, revealing revenue of approximately $115,000, a rise from $92,000 in Q3 2021. The company reported a cash balance of $5.9 million as of September 30, 2022. Key developments included the launch of its new platform, Commerse™, a partnership with Chip Financial, expansion into Canada, and the acquisition of Hothand Inc. These initiatives indicate a strategic shift towards a Software-as-a-Service model, targeting the $949.49 billion Fintech-as-a-Service market by 2030.

AppTech Payments Corp. (NASDAQ: APCX) has launched a new Fintech platform called Commerse at the Money20/20 event in Las Vegas. This first-to-market, cloud-based Commerce Experiences-as-a-Service (CXS) platform utilizes AppTech's patented technology to provide customizable commerce solutions. Commerse integrates various features including digital banking, text-to-pay, and crypto payments into a single platform, aimed at improving efficiency and cost-effectiveness for businesses. The company believes it is well-positioned to capitalize on the growing digital commerce market.

AppTech Payments Corp. (NASDAQ: APCX) is set to launch a new, patent-backed commerce platform on October 24, 2022, at the Money20/20 USA conference. This innovative platform aims to transform digital banking, mobile payments, and merchant services. Supported by a strong portfolio of patents that have been recognized by industry leaders, AppTech intends to pursue numerous licensing agreements. Recently, the company also expanded its cross-border payment capabilities in Canada, enhancing its international commerce offerings.

AppTech Payments Corp. (NASDAQ: APCX) has announced a partnership with Chip Financial to enhance their Fintech and digital banking ecosystem. This collaboration focuses on delivering transformative Payments-as-a-Service (PaaS) and Banking-as-a-Service (BaaS) solutions. The partnership aims to improve market reach and provide clients with innovative payment technologies, supporting seamless customer experiences. AppTech's robust patent portfolio, now totaling 17 patents, includes technologies for mobile-to-mobile payments and geolocation.