Apptech payments corp. announces pricing of $15.0 million underwritten public offering and nasdaq listing

Carlsbad, calif., jan. 04, 2022 (globe newswire) -- apptech payments corp. (“apptech”) (otc: apcx), a fintech company powering commerce experiences, today announced the pricing of its underwritten public offering of 3,614,458 units, each unit consisting of one share of common stock (the “common stock”) and one warrant (the “warrants”) to purchase one share of common stock, at a public offering price of $4.15 per unit, for aggregate gross proceeds of approximately $15.0 million, prior to deducting underwriting discounts, commissions, and other estimated offering expenses. the common stock and warrants comprising the units are immediately separable and will be issued separately. each warrant permits the holder to purchase one share of common stock at an exercise price of $5.1875 (125% of the per unit offering price) and expires five years after the date of issuance. in addition, the company has granted the underwriters a 45-day option to purchase up to an additional 542,168 shares of common stock and/or additional warrants at the public offering price per security, less the underwriting discounts and commissions, to cover over-allotments, if any. the offering is expected to close on or about january 7, 2022, subject to satisfaction of customary closing conditions.
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