Event JSON
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"AppTech Payments announces $5M common equity raise, reduces board size"
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"AppTech Payments (APCX) announced that AFIOS Partners invested $5M in the company's common stock. In connection with the transaction, the company reduced its board size from seven to five members and appointed three new directors: Albert Lord, Thomas Kozlowski Jr., and Calvin Walsh. As of December 16, 2024, the company had received $2.5M of the $5M capital commitment. AFIOS will acquire a package of securities, including up to 5.2M shares and approximately 13M warrants, which could provide AppTech with up to $14M in new common equity if fully exercised."
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