NewsHK
At 9.0% annualized on a ninety-day note, the cost of short-term working capital for an OTCQB-listed payments company is on the record this week.
(APCX) filed an 8-K on August 14 disclosing that it borrowed $500,000 on August 10 from a trust controlled by its own board chairman, a structure that makes the company's liquidity posture visible against the backdrop of constrained small-cap unsecured credit.
Lord Spousal Estate Reduction Trust, dated January 17, 2025. Lord, Jr., who chairs AppTech's board of directors, is the trust's trustee.
The company classifies the transaction as a related-person deal under Item 404(a) of Regulation S-K; the board approved it under the company's existing related-party policies.
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