How is the AppTech Payments Corp. (APCX) related party loan governed and approved?

Because the lender is a trust whose trustee is the company’s board chairman, the loan is a related person transaction. AppTech’s Board of Directors approved the transaction under its related person transaction policies.

AppTech Payments adds $500,000 short-term debt

Q: What new debt did AppTech Payments Corp. (APCX) incur on August 10, 2026?

AppTech Payments Corp. entered into a $500,000 Promissory Note for short-term working capital and general corporate purposes. The note was issued to the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025.

Q: What are the key terms of AppTech Payments Corp.’s (APCX) new Promissory Note?

The Promissory Note has a principal of $500,000, bears interest at 9.0% per annum, and matures 90 days from issuance. No payments are required before maturity, and the company may prepay at any time without premium or penalty.

Q: Who is the lender for AppTech Payments Corp.’s (APCX) $500,000 note?

The lender is the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025. Albert L. Lord, Jr., the company’s board chairman, serves as trustee, making this a related person transaction under Regulation S-K Item 404(a).

Q: What happens if AppTech Payments Corp. (APCX) defaults on the $500,000 Promissory Note?

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

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

AppTech Payments Corp. states that the $500,000 from the Promissory Note will be used for short-term working capital and general corporate purposes, supporting near-term liquidity needs and operational funding.

AppTech Payments Corp. entered into a Promissory Note on August 10, 2026 with the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

AppTech Payments Corp. entered into a Promissory Note on August 10, 2026 with the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025. The trust agreed to lend the company $500,000 for short-term working capital and general corporate purposes at a fixed 9.0% per annum interest rate.

The note matures 90 days from issuance, with no required principal or interest payments before maturity and the option for prepayment at any time without premium or penalty, provided accrued interest is paid. It includes customary events of default, after which all outstanding principal and accrued interest may be accelerated. The lender is a related party because the company’s board chairman, Albert L. Lord, Jr., serves as trustee of the lending trust, and the board approved the transaction under its related person transaction policies.

Filing Explained

As of August 10, the filing discloses a $500,000 repayment obligation, while June 30 cash was $183,000; receipt of loan proceeds is not established.

The August 14 filing reports the August 10 note as a created direct financial obligation, not just a financing arrangement: the company is obligated for $500,000 under the note.

Against the June 30 balance sheet, the company reported $183,000 of cash and equivalents; the filing does not establish that the note proceeds had been received or spent, so the disclosed obligation should not be treated as disclosed cash on hand.

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: 90 days from issuance +2 more

5 metrics

Promissory Note principal $500,000.00 Loan from Suzanne D. Lord Spousal Estate Reduction Trust for working capital

Interest rate 9.0% per annum Fixed rate on $500,000 Promissory Note

Maturity 90 days from issuance Term of the Promissory Note dated August 10, 2026

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

Warrant exercise price $4.15 Exercise price per share for each whole warrant

Key Terms

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

5 terms

Promissory Note financial

"entered into a Promissory Note with the Suzanne D. Lord Spousal"

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"

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.

Emerging growth company regulatory

"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

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

What new debt did AppTech Payments Corp. (APCX) incur on August 10, 2026?

AppTech Payments Corp. entered into a $500,000 Promissory Note for short-term working capital and general corporate purposes. The note was issued to the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025.

What are the key terms of AppTech Payments Corp.’s (APCX) new Promissory Note?

The Promissory Note has a principal of $500,000, bears interest at 9.0% per annum, and matures 90 days from issuance. No payments are required before maturity, and the company may prepay at any time without premium or penalty.

Who is the lender for AppTech Payments Corp.’s (APCX) $500,000 note?

The lender is the Suzanne D. Lord Spousal Estate Reduction Trust dated January 17, 2025. Albert L. Lord, Jr., the company’s board chairman, serves as trustee, making this a related person transaction under Regulation S-K Item 404(a).

What happens if AppTech Payments Corp. (APCX) defaults on the $500,000 Promissory Note?

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

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

AppTech Payments Corp. states that the $500,000 from the Promissory Note will be used for short-term working capital and general corporate purposes, supporting near-term liquidity needs and operational funding.

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

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Available on EDGAR 08/14/2026 - 03:15 PM Accepted by SEC EDGAR 08/14/2026 - 03:14 PM

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): August 10, 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 August 10, 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 August 10, 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: August 14, 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 AUGUST 10, 2026 16.7 KB