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The Vault
Jan. 19, 2022
Firm Securities Attorneys Represent FinTech Company in $15 Million Underwritten Public Offering and Nasdaq Listing
Firm securities partner Andy Tucker and associate Kaylen Loflin closed an underwritten public offering of $15 million, representing the issuer, AppTech Payments Corp., a publicly listed FinTech company utilizing innovative payment processing and digital banking technologies to complement core merchant services capabilities. The company provides progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants, banking institutions, and business enterprises.
The offering consisted of 3,614,458 units with each unit consisting of one share of common stock and one warrant to purchase one share of common stock, at a public offering price of $4.15 per unit, for aggregate gross proceeds of approximately $15 million.
FinTech is advancing the corporate and securities sector in many ways. Many FinTech trends such as ledger technology, analytics, and artificial intelligences (AI) are shaping the capital markets structure side of FinTech. Development in venture capital investment, stakeholder interest, and private equity investment have collectively helped innovation and investment in FinTech.
Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.
Loflin focuses her practice on securities and corporate law. She represents both investment banks and issuers in a wide variety of public and private offerings, including initial public offerings, follow-on offerings, Rule 144A offerings of equity or debt, and private placements.
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