AppTech Payments Corp. 8-K

What Happened
AppTech Payments Corp. (APCX) filed an 8-K reporting a First Amendment to its Revenue Participation Agreement with Ascendancy Management, Inc., dated February 17, 2026. The amendment increases the Participant’s total revenue participation contribution to $2,000,000 and confirms that the revenue participation term runs from November 1, 2025 through December 31, 2029 (50 months). Under the amended terms Ascendancy will receive 1.75% of the Company’s gross contract revenue, subject to adjustments and minimum monthly payments.

Key Details

• The total Revenue Participation Contribution was increased to $2,000,000: $1,500,000 to be paid in three monthly payments of $500,000 starting November 15, 2025, plus an additional $500,000 to be paid on or before February 28, 2026.
• Revenue participation percentage: 1.75% of AppTech’s gross contract revenue (with specified adjustments and minimum monthly payments).
• Revenue Participation Term: November 1, 2025 through December 31, 2029 (50 months).
• The Agreement states the contribution is not a loan; AppTech agreed to repay the full contribution amount without interest on a prorated basis over the final 18 months of the term.

Why It Matters
This amendment provides AppTech with up to $2.0 million of funding from Ascendancy, offering near-term liquidity tied to the company’s revenue-sharing arrangement rather than traditional debt or equity. For investors, the arrangement means AppTech will share a fixed percentage (1.75%) of its gross contract revenue for the term, which can reduce reported revenue retention while the contribution is outstanding. The filing also clarifies the contribution is not treated as a loan and includes a repayment schedule (no interest) concentrated in the last 18 months of the agreement, which could affect cash flows toward the end of the revenue participation term.