AppTech Payments prices 2M shares at $1.00 in underwritten public offering

AppTech Payments announced the pricing 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. The offering is expected to close on March 27, 2024, subject to satisfaction of customary closing conditions. EF Hutton LLC is acting as the sole book-runner for the offering. AppTech intends to use the net proceeds from the offering for integration of existing business, working capital and general corporate purposes.