Apptech Stock Price, News & Analysis

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.

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.