AppTech Corp. Announces Launch of Up to $10 Million Offering
CARLSBAD, Calif., Sept. 23, 2019 (GLOBE NEWSWIRE) — AppTech Corp.* (OTC Pink: APCX), a financial technology company providing electronic payment processing technologies and merchant services, announced today the launch of a private placement offering (“Offering”) under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”) which will be marketed solely to qualified institutional buyers (“QIBS”). The SEC defines the term “qualified institutional buyer” in Rule 144A. Generally, investors are considered qualified institutional buyers (QIBS) if the institution owns and/or invests on a discretionary basis at least $100 million in eligible “securities”.