AppTech Payments Corporation has announced a new transaction involving a Securities Purchase Agreement with GS Capital Partners, LLC. Under the agreement, AppTech issued a promissory note with a principal amount of $300,000 to GS Capital. The note was issued with an original issue discount of $50,000, resulting in gross proceeds of $250,000 for AppTech before transaction expenses. The agreement includes customary representations, warranties, and covenants, as well as restrictions on certain corporate actions without GS Capital's consent. The note outlines events of default and associated penalties, including a potential default amount of 150% of the outstanding principal and accrued interest, should such an event occur.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AppTech Payments Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-005995), on August 13, 2025, and is solely responsible for the information contained therein.