Why is the new AppTech Payments (APCX) loan considered a related person transaction?

The lender is the Suzanne D. Lord Spousal Estate Reduction Trust, whose trustee is Albert L. Lord, Jr., AppTech’s board chairman. Because of this relationship, the company classifies the financing as a related person transaction and notes that its board approved it under existing policies.

AppTech Payments enters $500,000 short-term loan

Q: What new debt did AppTech Payments Corp. (APCX) incur on July 17, 2026?

AppTech Payments entered into a $500,000 Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust. The borrowing is for short-term working capital and general corporate purposes and is structured as a 90-day note with interest-only due at maturity.

Q: What are the interest rate and maturity of AppTech Payments’ (APCX) new note?

The Promissory Note carries a fixed interest rate of 9.0% per annum and matures ninety days from issuance. No principal or interest payments are required before the maturity date, concentrating repayment obligations at the end of the 90-day term.

Q: How will AppTech Payments Corp. (APCX) use the $500,000 loan proceeds?

The company states that the $500,000 loan proceeds are for short-term working capital and general corporate purposes. This indicates near-term liquidity support rather than funding for a specific identified acquisition or long-term capital project.

Q: Can AppTech Payments (APCX) prepay the new Promissory Note without penalty?

Yes. AppTech may prepay the note at any time without premium or penalty, as long as it also pays accrued interest through the payment date. This provides flexibility to reduce the obligation early if sufficient cash becomes available.

Q: What happens if AppTech Payments (APCX) defaults under the new Promissory Note?

The note includes customary events of default, such as failure to pay at maturity, certain bankruptcy or insolvency events, and uncured material breaches. If a default occurs, the lender may declare all outstanding principal and accrued interest immediately due and payable.

Q: What securities of AppTech Payments Corp. (APCX) are listed in this report?

The report lists common stock, par value $0.001 per share, trading under symbol APCX, and warrants, each exercisable for one common share at an exercise price of $4.15, trading under symbol APCXW.

AppTech Payments Corp. entered into a $500,000 Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust for short-term working capital and general corporate purposes.

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Filing Sentiment

(Neutral)How Sentiment works

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Form Type

8-K

Rhea-AI Filing Summary

AppTech Payments Corp. entered into a $500,000 Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust for short-term working capital and general corporate purposes. The note bears 9.0% annual interest, matures ninety days from issuance, and requires no principal or interest payments before maturity.

AppTech may prepay the note at any time without premium or penalty, provided accrued interest is paid, and the agreement includes customary events of default that allow the lender to accelerate all amounts due. Because the lender’s trustee is the company’s board chairman, the loan is treated as a related person transaction and was approved under the company’s related person transaction policies.

Insights

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8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Promissory note principal: $500,000.00 Interest rate: 9.0% per annum Maturity term: 90 days +2 more

5 metrics

Promissory note principal $500,000.00 Loan amount under Promissory Note dated July 17, 2026

Interest rate 9.0% per annum Stated interest rate on the Promissory Note

Maturity term 90 days Note matures ninety days from issuance

Common stock par value $0.001 per share Par value of AppTech Payments Corp. common stock

Warrant exercise price $4.15 Each whole warrant exercisable for one common share at this price

Key Terms

Promissory Note, short-term working capital, events of default, related person transaction, +1 more

5 terms

Promissory Note financial

"entered into a Promissory Note (the “Note”) with the Suzanne D. Lord"

A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

short-term working capital financial

"agreed to lend the Company $500,000.00 for short-term working capital and"

events of default financial

"The Note contains customary events of default, including the Company’s failure"

Events of default are specific breaches or failures listed in a loan, bond, or credit agreement that give lenders the right to act, such as demanding immediate repayment, raising interest rates, or taking secured assets. They matter to investors because triggering one is like setting off a financial alarm: it raises the chance of foreclosure, restructuring, or bankruptcy and can sharply reduce the value of a company’s stock or bonds and increase borrowing costs.

off-balance sheet arrangement financial

"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement"

An off-balance sheet arrangement is a financial commitment or asset that a company keeps out of its main financial statements so it does not show up as a direct asset or liability. Think of it like renting equipment or using a separate storage locker instead of putting the item in your home: the economic effects exist, but they aren’t listed on the company’s primary balance sheet. Investors care because these arrangements can hide risks, obligations or sources of cash flow that affect a company’s true financial strength and future performance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new debt did AppTech Payments Corp. (APCX) incur on July 17, 2026?

AppTech Payments entered into a $500,000 Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust. The borrowing is for short-term working capital and general corporate purposes and is structured as a 90-day note with interest-only due at maturity.

What are the interest rate and maturity of AppTech Payments’ (APCX) new note?

The Promissory Note carries a fixed interest rate of 9.0% per annum and matures ninety days from issuance. No principal or interest payments are required before the maturity date, concentrating repayment obligations at the end of the 90-day term.

How will AppTech Payments Corp. (APCX) use the $500,000 loan proceeds?

The company states that the $500,000 loan proceeds are for short-term working capital and general corporate purposes. This indicates near-term liquidity support rather than funding for a specific identified acquisition or long-term capital project.

Can AppTech Payments (APCX) prepay the new Promissory Note without penalty?

Yes. AppTech may prepay the note at any time without premium or penalty, as long as it also pays accrued interest through the payment date. This provides flexibility to reduce the obligation early if sufficient cash becomes available.

What happens if AppTech Payments (APCX) defaults under the new Promissory Note?

The note includes customary events of default, such as failure to pay at maturity, certain bankruptcy or insolvency events, and uncured material breaches. If a default occurs, the lender may declare all outstanding principal and accrued interest immediately due and payable.

What securities of AppTech Payments Corp. (APCX) are listed in this report?

The report lists common stock, par value $0.001 per share, trading under symbol APCX, and warrants, each exercisable for one common share at an exercise price of $4.15, trading under symbol APCXW.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/21/2026 - 04:10 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 17, 2026

AppTech Payments Corp.

(Exact name of registrant as specified in its charter)

Delaware

001-39158

65-0847995

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

5050 Avenida Encinas, Suite 120

Carlsbad, California 92008

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (760) 707-5959

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

	☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

	☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

	☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

	☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common stock, par value $0.001 per share	APCX	OTCQB
Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $4.15	APCXW	OTCQB

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On July 17, 2026, AppTech Payments Corp. (the “Company”) entered into a Promissory Note (the “Note”) with the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025 (the “Lender”), pursuant to which the Lender agreed to lend the Company $500,000.00 for short-term working capital and general corporate purposes.

The Note bears interest at a rate of 9.0% per annum and matures ninety (90) days from issuance. No payments of principal or interest are required prior to the maturity date. The Company may prepay the Note at any time without premium or penalty, provided accrued interest through the date of payment is also paid.

The Note contains customary events of default, including the Company’s failure to repay amounts due at maturity, certain bankruptcy or insolvency events, and certain uncured material breaches. Upon an event of default, the lender may declare all outstanding principal and accrued interest immediately due and payable.

The foregoing description of the Note does not purport to be complete and is qualified in its entirety by reference to the Promissory Note, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Related Person Transaction

Albert L. Lord, Jr., the Chairman of the Company’s Board of Directors, serves as trustee of the Suzanne D. Lord Spousal Estate Reduction Trust, the lender under the Note. Accordingly, the Company considers the transaction to be a related person transaction under Item 404(a) of Regulation S-K. The Company’s Board of Directors approved the transaction in accordance with the Company’s related person transaction policies.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed with this Current Report on Form 8-K:

Number	Exhibit Description
10.1	Promissory Note, dated July 17, 2026, by and between AppTech Payments Corp. and the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	APPTECH PAYMENTS CORP.

Date: July 21, 2026	By:	/s/ Felipe Corrado
		Felipe Corrado
		Interim Chief Executive Officer and Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents

Agreements & Contracts

EX-10.1 PROMISSORY NOTE, DATED JULY 17, 2026, 17.5 KB