Financing ·
AppTech Payments raises $505K via $560K convertible note to GS Capital Partners
APCXAppTech Payments Corp.
On September 29, 2026, AppTech Payments Corp. entered into a Securities Purchase Agreement with GS Capital Partners, LLC, issuing an unregistered promissory note with an aggregate principal amount of $560,000 and 80,000 shares of common stock. The transaction yielded gross proceeds of approximately $505,000 after accounting for a $55,000 original issue discount. The note bears interest at 10% per annum, matures on November 28, 2027, and requires six principal payments of $87,000 starting 180 days post-issuance. GS Capital holds the option to convert the debt into common stock at a fixed price of $2.00 per share, subject to adjustment provisions including an 80% discount upon default. The company operates in the payments processing industry.