APCX) Proclaims Pricing of $5.0 Million Registered Direct Providing and Concurrent Personal Placement

CARLSBAD, Calif. – January 31, 2023 (Investorideas.com Newswire) In a launch issued earlier at present by AppTech Funds Corp. (NASDAQ: APCX) beneath the identical headline, please word the second paragraph has been up to date. The exercisable date has modified from July 1, 2023 to August 1, 2023. Additionally, the Warrants will expire 5 years from the date on which they develop into exercisable reasonably than “5 and one half years” as initially issued. Full corrected textual content follows:

AppTech Funds Corp. (Nasdaq: APCX) (the “Firm” or “AppTech”), an modern Fintech firm powering seamless, omni-channel commerce between companies and shoppers, introduced at present that it has entered right into a securities buy settlement with a single institutional investor to buy roughly $5 million of its widespread inventory in a registered direct providing and warrants to buy widespread inventory in a concurrent non-public placement. The mixed efficient buy value for every share of widespread inventory and related warrant to buy one share of widespread inventory will likely be $3.00.

Below the phrases of the securities buy settlement, AppTech has agreed to challenge 1,666,667 shares of widespread inventory. Within the concurrent non-public placement, which will likely be consummated concurrently with the providing, AppTech additionally has agreed to challenge warrants (the “Warrants”) to buy as much as an mixture of 1,666,667 shares of widespread inventory. Every of the Warrants may have an train value of $4.64 per share of widespread inventory and are exercisable on and after August 1, 2023. The Warrants will expire 5 years from the date on which they develop into exercisable.

EF Hutton, division of Benchmark Investments, LLC, is performing as unique placement agent for the providing. The providing is anticipated to shut on or about February 1, 2023, topic to the satisfaction of customary closing situations.

The shares of widespread inventory are being supplied pursuant to a shelf registration assertion on Type S-3 (File No. 333-265526) beforehand filed and declared efficient by the Securities and Alternate Fee (SEC) on July 15, 2022. The providing of the shares of widespread inventory will likely be made solely via a prospectus complement that kinds part of the registration assertion. The warrants issued within the concurrent non-public placement and the shares issuable upon train of such warrants have been supplied in a non-public placement beneath Part 4(a)(2) of the Securities Act of 1933, as amended (the “Act”), and Regulation D promulgated thereunder, haven’t been registered beneath the Act or relevant state securities legal guidelines and is probably not supplied or offered in the US absent registration or an relevant exemption from registration necessities.

Copies of the prospectus complement and the accompanying prospectus regarding this providing could also be obtained, when obtainable, on the SEC’s web site at http://www.sec.gov or by contacting EF Hutton, division of Benchmark Investments, LLC Consideration: Syndicate Division, 590 Madison Avenue, thirty ninth Flooring, New York, NY 10022, by e-mail at syndicate@efhuttongroup.com, or by phone at (212) 404-7002.

This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase any of the securities described herein, nor shall there be any sale of those securities in any state or jurisdiction during which such supply, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.

About AppTech Funds Corp.

AppTech Funds Corp. (NASDAQ: APCX) is an modern Fintech firm whose mission is to ship a greater approach for companies to supply their prospects with customizable, immersive commerce experiences. Commerse, its all-new, patent-backed know-how platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives extremely safe, scalable, cross-border digital banking, text-to-pay, and service provider companies altogether from a single, unified stack designed to extend operational efficiencies and progress for companies whereas offering the financial comfort their prospects demand from at present’s commerce experiences. For extra data, go to apptechcorp.com.

Ahead-Wanting Statements

This press launch contains “forward-looking statements” inside the which means of U.S. federal securities legal guidelines. Phrases corresponding to “count on,” “estimate,” “undertaking,” “price range,” “forecast,” “anticipate,” “intend,” “plan,” “might,” “will,” “might,” “ought to,” “believes,” “predicts,” “potential,” “proceed” and related expressions are supposed to determine such forward-looking statements. These forward-looking statements contain vital dangers and uncertainties that might trigger the precise outcomes to vary materially from the anticipated outcomes and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. These forward-looking statements and components which will trigger such variations embody, with out limitation, the dangers disclosed within the Firm’s Annual Report on Type 10-Ok filed with the SEC on March 31, 2022, and within the Firm’s different filings with the SEC. Readers are cautioned to not place undue reliance upon any forward-looking statements, which converse solely as of the date made. Besides as required by regulation, the Firm disclaims any obligation to replace or publicly announce any revisions to any of the forward-looking statements contained on this press launch.

Investor Relations Contact
Ben Shamsian
Lytham Companions, LLC
shamsian@lythampartners.com
646-829-9701

Media Contact
Sarah Bilyeu
KCD PR for AppTech Funds Corp.
AppTech@kcdpr.com
619-252-9111

AppTech Funds Corp.
information@apptechcorp.com
760-707-5959

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