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AppTech ( (APCX) ) has issued an update.
AppTech Payments Corp. has secured a $5 million investment from AFIOS Partners, involving the sale of common stock and warrants, with the potential to raise an additional $14 million through warrant exercises. The company has also restructured its Board of Directors, appointing new members Albert L. Lord, Thomas J. Kozlowski Jr., and Calvin D. Walsh, while reducing the Board size from seven to five members, signaling a strategic focus on value creation and operational efficiency.
More about AppTech
AppTech Payments Corp. provides digital financial services for financial institutions, corporations, small and midsized enterprises, and consumers through its scalable cloud-based platform. The company utilizes a Specialty Payments development and delivery model and holds exclusive licensing and partnership agreements, along with a suite of patented technology capabilities.
YTD Price Performance: -80.90%
Average Trading Volume: 223,537
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.51M
For a thorough assessment of APCX stock, go to TipRanks’ Stock Analysis page.