APCX - AppTech Payments Corp. Announces Closing of $2.0 Million Underwritten Public Offering of Common Stock | Benzinga
CARLSBAD, Calif., March 27, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (NASDAQ:APCX) ("AppTech" or the "Company"), a pioneering fintech company powering frictionless commerce, today announced the closing of its previously announced underwritten public offering of 2,000,000 shares of its common stock at a public offering price of $1.00 per share for aggregate gross proceeds of approximately $2.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of common stock at the public offering price per share, less the underwriting discounts to cover over-allotments, if any.
EF Hutton LLC is acting as the sole book-runner for the offering.
The securities were offered by the Company pursuant to a "shelf" registration statement on Form S-3 (File No. 333-265526), including a base prospectus, filed with U.S. Securities and Exchange Commission (the "SEC") on June 10, 2022, as amended on July 8, 2022, and declared effective on July 15, 2022.
The offering was being made only by means of a prospectus supplement and accompanying prospectus. The final prospectus supplement and accompanying base prospectus related to the securities being offered in the offering were filed with the SEC on March 26, 2024.
Copies of the prospectus supplement and the accompanying prospectus relating to this offering may be obtained on the SEC's website at