AppTech Payments Corp. completed the acquisition of Alliance Partners, LLC for $2 million.
AppTech Payments Corp. (NasdaqCM:APCX) completed the acquisition of Alliance Partners, LLC from Chris Leyva for $2 million on October 26, 2023. Pursuant to the terms of the Purchase Agreement, the Company paid $0.5 million to the Seller. Subsequent to the Closing Date, on or before January 7, 2024, the Company shall pay $0.75 million to the Seller, and on or before April 7, 2024, the Company shall pay $0.75 million to the Seller. Subject to the satisfaction of customary closing conditions, this transaction is intended to be completed by October 31, 2023. The consideration includes the obligations and liabilities of Alliance Partners.