tiprankstipranks
AppTech Secures Investment and Restructures Board
Company Announcements

AppTech Secures Investment and Restructures Board

Story Highlights
  • AppTech secured a $5 million investment from AFIOS Partners with potential for $14 million more.
  • The company restructured its Board, appointing new members and reducing size for strategic focus.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Don't Miss Our Christmas Offers:

AppTech ( (APCX) ) has issued an update.

AppTech Payments Corp. has secured a $5 million investment from AFIOS Partners, involving the sale of common stock and warrants, with the potential to raise an additional $14 million through warrant exercises. The company has also restructured its Board of Directors, appointing new members Albert L. Lord, Thomas J. Kozlowski Jr., and Calvin D. Walsh, while reducing the Board size from seven to five members, signaling a strategic focus on value creation and operational efficiency.

More about AppTech

AppTech Payments Corp. provides digital financial services for financial institutions, corporations, small and midsized enterprises, and consumers through its scalable cloud-based platform. The company utilizes a Specialty Payments development and delivery model and holds exclusive licensing and partnership agreements, along with a suite of patented technology capabilities.

YTD Price Performance: -80.90%

Average Trading Volume: 223,537

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $10.51M

For a thorough assessment of APCX stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyAppTech Payments announces $5M common equity raise, reduces board size
TheFlyAppTech Payments files to sell 5M shares of common stock for holders
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App