The investor is set to acquire approximately $3.5 million worth of common stock and warrants. Each share of common stock, along with a warrant to purchase an additional share, will have an effective purchase price of $2.10.

AppTech will issue 1,666,667 shares and corresponding warrants, which can be exercised at $2.74 per share within five years from the issuance date, with possible adjustments.

The closing of the transaction is anticipated around October 26, pending the fulfillment of standard closing conditions.

See Also: Microsoft Gears Up For Q1 Print

According to data from Benzinga Pro, APCX has a 52-week high of $5.37 and a 52-week low of $0.59.