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AppTech Payments Corp. (OTCQB:APCX) reported that Marc D. Evans, the company’s Corporate Secretary and Associate, resigned from his positions effective immediately on July 8. The company stated in its SEC filing that Mr. Evans’ resignation did not result from any disagreement with AppTech Payments regarding its operations, policies, or practices.
As of Monday, the board of directors has not appointed a successor to the Corporate Secretary role. AppTech Payments said it will disclose the appointment of a new Corporate Secretary in an amendment to the current report or in a subsequent filing if and when such an appointment is made. The company’s current ratio of 0.23 indicates potential challenges in meeting short-term obligations.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, AppTech Payments Corp. has undergone significant changes, including the appointment of Thomas DeRosa as the new President and a director, effective June 2, 2025. This decision follows the resignation of Virgilio Llapitan, which was disclosed in a recent SEC filing. Additionally, the company has transitioned to the OTCQB market after being delisted from the Nasdaq Capital Market due to noncompliance with certain listing requirements. Despite this shift, AppTech assures that its operations will remain unaffected and continues to prioritize regulatory compliance.
CEO Tom DeRosa expressed optimism about the company’s revenue outlook and growth strategy despite the delisting. In related developments, two key executives, Luke D’Angelo and Virgilio Llapitan, have resigned, with the company stating that these departures were not due to disagreements over company policies or practices. AppTech has yet to announce replacements for these positions. These changes are part of the company’s ongoing efforts to adapt and refine its operational focus.
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