InvestmentApr 10, 2026, 05:31 PM
AppTech Payments Raises $950K via 18% Notes & Warrants
AI Summary
AppTech Payments Corp. entered into securities purchase agreements with LendSpark Corporation and Manetto Hill Fund Series I, LLC. The company issued two 18% promissory notes, each with a principal amount of $500,000, for a purchase price of $475,000 per note. Additionally, each investor received a warrant to purchase 500,000 shares of common stock. This private placement provides the company with capital but comes with a high interest rate and an original issue discount.
Key Highlights
- AppTech Payments Corp. issued two 18% promissory notes totaling $1,000,000 principal.
- The notes were sold for a purchase price of $475,000 each, reflecting a $25,000 original issue discount per note.
- Each investor received a warrant to purchase 500,000 shares of common stock.
- Notes are convertible into common stock at a fixed price of $2.00 per share.
- The notes mature in 14 months and bear an 18% annual interest rate.
Price Impact
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