AppTech Payments Corp. enters $1 million financing agreement with LendSpark and Manetto Hill Fund

AppTech Payments Corp. (OTCQB:APCX) announced it entered into securities purchase agreements with LendSpark Corporation and Manetto Hill Fund Series I, LLC on April 3, 2026. Under the agreements, each investor purchased an 18% promissory note with a principal amount of $500,000 for a purchase price of $475,000, reflecting an original issue discount of $25,000 per note. The notes were issued in a private placement.

Each note matures 14 months from the issue date and requires amortization payments in cash starting May 4, 2026. The notes are convertible, at the investors’ option and subject to a 4.99% beneficial ownership limitation, into shares of AppTech’s common stock at a fixed conversion price of $2.00 per share, subject to adjustment as described in the notes. In the event of default, investors may be entitled to receive 125% of the outstanding principal and accrued interest, and may convert amounts due at alternative pricing terms.

In addition to the notes, each investor received a warrant to purchase up to 500,000 shares of AppTech’s common stock at an initial exercise price of $1.00 per share, subject to adjustment. The warrants expire five years from the issuance date and include a 4.99% beneficial ownership limitation, cashless exercise provisions in certain circumstances, and customary anti-dilution protections.

Infinitus Pay Inc., a wholly-owned subsidiary of AppTech, entered into a guaranty agreement in favor of the investors, guaranteeing AppTech’s obligations under the notes upon the occurrence of an event of default and granting a security interest in certain collateral.

AppTech agreed to pay certain fees and expenses related to the transactions, including fees to HCC Securities Group, Inc., which acted as placement agent.

The notes and warrants were issued in reliance on exemptions from registration under the Securities Act of 1933. This information is based on a press release statement filed with the SEC.

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