AppTech Payments issues $560,000 promissory note to GS Capital Partners
APCX•AppTech Payments issued GS Capital Partners a $560,000 promissory note with a $55,000 original issue discount, receiving $505,000 in gross proceeds.
1. Note terms
The securities purchase agreement was dated Sept. 29, 2026. The note carries 10% annual interest and matures Nov. 28, 2027, with six $87,000 principal installments beginning 180 days after issuance. GS Capital can convert at $2 per share; upon default, the conversion price resets to 80% of the lowest 10-day VWAP, and the amount due can rise to 150% of outstanding principal and accrued interest.
