AppTech Payments Corp. Granted Extension for Continued Listing on Nasdaq
February 18 2025 - 7:15AM
AppTech Payments Corp. (“AppTech or the “Company”) (NASDAQ: APCX) a
pioneering Fintech company powering frictionless commerce, today
announced that it received notice from the Nasdaq Hearings Advisor
(the “Hearings Panel”) of The Nasdaq Stock Market LLC (“Nasdaq”)
that the Hearings Panel has granted the Company’s request to
continue its listing on The Nasdaq Stock Market, subject to the
Company meeting certain conditions, including filing on or before
March 31, 2025, a public disclosure describing that the
shareholders’ equity deficiency has been cured and the Company
plans on including the detailed requested information in its 2023
10-K filing anticipated to be filed on or before March 15, 2025.
The Company was also given until May 5, 2025, to regain compliance
with Nasdaq’s $1 minimum bid price per share requirement. The Panel
granted our request to attempt to increase the bid price of our
stock organically, based in part on our declaration that we were
already in compliance with the Equity Rule.
AppTech's CEO, Thomas DeRosa, extended gratitude
to the Nasdaq Staff and the Nasdaq Hearings Panel for their
continued support in maintaining the Company's listing. Our team
remains fully committed to meeting all Nasdaq Continued Listing
Requirements, including the $1 minimum bid requirement, by May 5,
2025. The recent restructuring and efforts to streamline the
company's finances have positioned AppTech stronger than ever
before. We are now on the verge of generating significant revenue
across multiple verticals and are dedicated to driving growth and
enhancing shareholder value.
Additional information was provided in the
Company's Form 8-K, which was filed earlier today with the
Securities and Exchange Commission.Click the following link to view
today’s 8-K: February 14, 2025 - Form
8-K
About AppTech Payments
Corp.
AppTech Payments Corp. (NASDAQ: APCX) provides
digital financial services for financial institutions,
corporations, small and midsized enterprises (“SMEs”), and
consumers through the Company’s scalable cloud-based platform
architecture and infrastructure, coupled with our Specialty
Payments development and delivery model. AppTech maintains
exclusive licensing and partnership agreements in addition to a
full suite of patented technology capabilities. For more
information, please visit apptechcorp.com.
Forward-Looking Statements
This press release may contain forward-looking
statements that are inherently subject to risks and uncertainties.
Any statements contained in this document that are not historical
facts are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as
“anticipate, believe, estimate, expect, forecast, intend, may,
plan, project, predict, should, will” and similar expressions as
they relate to AppTech are intended to identify such
forward-looking statements. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in methods of marketing, delays in
manufacturing or distribution, changes in customer order patterns,
changes in customer offering mix, and various other factors beyond
the Company’s control. Actual events or results may differ
materially from those described in this press release due to any of
these factors. AppTech is under no obligation to update or alter
its forward-looking statements, whether as a result of new
information, future events, or otherwise.
AppTech Payments
Corp.760-707-5959info@apptechcorp.com
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