CARLSBAD, Calif. - AppTech Payments Corp. (NASDAQ: APCX), a fintech company, announced today its intention to launch an underwritten public offering of its common stock and pre-funded warrants. The completion and specifics of the offering, including size and terms, are contingent on market conditions and cannot be guaranteed.
EF Hutton LLC is the sole book-running manager for the proposed offering. AppTech aims to allocate the net proceeds toward the integration of its existing business operations, as well as for working capital and general corporate purposes.
The securities are being offered pursuant to an existing shelf registration statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission (SEC) on June 10, 2022, amended on July 8, 2022, and declared effective on July 15, 2022.
Detailed information about the offering is outlined in a preliminary prospectus supplement and accompanying prospectus, which are available on the SEC’s website.
AppTech specializes in providing digital financial services to a wide range of clients, including financial institutions, corporations, small and midsize enterprises, and consumers, through its cloud-based platform architecture and infrastructure. The company holds exclusive licensing and partnership agreements, along with a suite of patented technology capabilities.
It should be noted that this press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Such an offer, if made, will be done exclusively through the prospectus supplement and accompanying prospectus that form part of the effective registration statement.
Investors are advised to read the preliminary prospectus supplement, the accompanying prospectus, and other related documents filed with the SEC for more comprehensive information about AppTech and this offering. The information provided is based on a press release statement from AppTech Payments Corp.
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