AppTech Payments entered into a $500,000 promissory note to bolster short-term liquidity and fund general corporate needs. The note, signed on June 26, 2026, carries a 9.0% annual interest rate and matures in 90 days, with no payments due before maturity. The company may prepay at any time without penalty, provided accrued interest is paid. The lender is the Suzanne D. Lord Spousal Estate Reduction Trust, a related party overseen by the company's board chair as trustee.
Agreement details:
- Agreement type: 90-day promissory note
- Counterparty: Suzanne D. Lord Spousal Estate Reduction Trust
- Signed / Effective: Jun 26 2026 / same
- Duration / Termination: 90 days
- Reason: Short-term working capital and general corporate purposes
Original SEC Filing:
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