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Who Really Owns AppTech Payments Corp.?
Understanding a company's ownership structure is crucial for investors and stakeholders alike. AppTech Payments Corp., a fintech player navigating a competitive landscape, presents a compelling case study in corporate ownership dynamics. From its inception in Dallas to its current operations, the evolution of AppTech's ownership reveals much about its strategic direction and future prospects.
This analysis will explore the key players behind AppTech, from early AppTech SWOT Analysis and founders to current major shareholders. We'll examine the influence of institutional investors, the role of the Board of Directors, and recent trends impacting AppTech ownership. Uncover the details of Who owns AppTech and gain valuable insights into the AppTech company and its future.
Who Founded AppTech?
The story of AppTech Payments Corp. begins in 2012, marking the genesis of a company that would navigate the dynamic world of fintech. The company's initial base of operations was established in Dallas, Texas, setting the stage for its early endeavors.
Dustin Siner spearheaded the company's inception as the original CEO. The company's roots are firmly planted in a vision for a forward-thinking fintech platform, fueled by a passion for innovation and a deep understanding of the digital sphere. The company's evolution reflects a commitment to adapting and growing within the ever-changing fintech landscape.
While specific details regarding the initial capital or funding for AppTech Payments Corp. aren't readily available in the provided search results, the company's trajectory includes reincorporation and name changes. This indicates shifts in its corporate structure over time. AppTech Corp. reincorporated in Delaware on December 23, 2021, and subsequently changed its name to AppTech Payments Corp.
Founding Year
AppTech Payments Corp. was founded in 2012.
Initial Location
The company's original location was in Dallas, Texas.
Original CEO
Dustin Siner was the original CEO of AppTech.
Reincorporation
AppTech Corp. reincorporated in Delaware on December 23, 2021.
Name Change
The company changed its name to AppTech Payments Corp.
Focus
The company's focus is on developing a cutting-edge Fintech platform.
AppTech Ownership and Early Structure
Understanding the early ownership structure of AppTech, including who founded AppTech company, is crucial for investors and stakeholders. While specific details on initial equity splits and agreements are not available in the provided data, the company's history reveals a dynamic evolution. For more insights into the company's financial aspects, consider reading the article on Revenue Streams & Business Model of AppTech.
- The company's early stages involved Dustin Siner as the original CEO.
- The company reincorporated in Delaware in 2021.
- The company's name changed to AppTech Payments Corp.
- The company's journey reflects its adaptation to the evolving fintech landscape.
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How Has AppTech’s Ownership Changed Over Time?
The ownership structure of AppTech Payments Corp., trading under the ticker APCX, has seen shifts due to various market events. A key development was the delisting from the Nasdaq Capital Market in May 2025, followed by the transition to the OTCQB® market. This change, along with funding rounds and public offerings, has influenced the distribution of shares among different investor groups. Understanding the dynamics of AppTech ownership is essential for investors and stakeholders alike.
A significant event impacting AppTech company ownership was the underwritten public offering in January 2022, which raised approximately $15.0 million. This offering involved over 3.6 million units, each comprising a share of common stock and a warrant. Furthermore, the company executed a 1-for-9.5 reverse stock split in connection with this offering. The company's financial backers, including institutional investors, have played a crucial role in shaping its ownership landscape.
| Ownership Category | Percentage (Approximate) | Details |
|---|---|---|
| Institutional Ownership (May 2025) | 5.15% | Decreased by 0.0828% since May 2025. |
| Institutional Investors (Examples) | Varies | Moss Adams Wealth Advisors LLC (0.307% as of January 15, 2025), Greenwich Wealth Management LLC, Armistice Capital LLC, Concurrent Investment Advisors LLC. |
| Latest Funding Round | N/A | Post IPO funding round on December 16, 2024, raising $2.5 million. |
The ownership of AppTech is diverse, including institutional, retail, and insider ownership. As of January 15, 2025, Moss Adams Wealth Advisors LLC held shares valued at $44K, representing 0.307% ownership. Other institutional investors have also held shares over the past two years. For a deeper dive into the company's strategic approach, consider reading about the Marketing Strategy of AppTech.
Key Takeaways on AppTech Ownership
AppTech investors include a mix of institutional and retail shareholders, reflecting a dynamic ownership structure. Delisting from Nasdaq and transitioning to OTCQB impacted the stock's trading. Understanding the ownership details is crucial for assessing the company's financial health.
- Institutional ownership decreased slightly as of May 2025.
- Public offering in 2022 significantly impacted the capital structure.
- Recent funding rounds have brought in new AppTech investors.
- The AppTech stock now trades on the OTCQB market.
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Who Sits on AppTech’s Board?
As of May 2025, the leadership of the AppTech Payments Corp. has seen significant changes. Luke D'Angelo resigned as Chairman of the Board and as an employee on May 19, 2025, following his earlier resignation as CEO and Executive Director on December 24, 2024. Virgilio Llapitan also stepped down as President, COO, and Director on May 19, 2025. The company's board and management structure have been in flux, reflecting strategic shifts and investor influence within the AppTech company.
The current board of directors includes Thomas DeRosa, who serves as Interim CEO, alongside Independent Directors Thomas J. Kozlowski, Calvin D. Walsh, and Albert L. Lord. Felipe A. Corrado IV was appointed Chief Financial Officer and Treasurer as of December 24, 2024. Bobby Bedi is listed as a Member of the Advisory Board. These changes reflect the evolving AppTech ownership landscape and the impact of new investors.
| Board Member | Title | Notes |
|---|---|---|
| Thomas DeRosa | Interim CEO, President & Director | Appointed Interim CEO on December 24, 2024 |
| Thomas J. Kozlowski | Independent Director | |
| Calvin D. Walsh | Independent Director | |
| Albert L. Lord | Independent Director |
A new investor group committed $5 million to the company in the fourth quarter of 2024, which led to changes in the board's composition and the replacement of key executives. This highlights the influence of AppTech investors on the company's direction. For more details, you can explore the Brief History of AppTech.
Key Leadership Changes
Recent changes in leadership at AppTech include the resignations of key executives and the appointment of an Interim CEO. These changes reflect a strategic shift influenced by new investors. The new investor group established voting control of the Board of Directors.
- Luke D'Angelo resigned as Chairman and employee on May 19, 2025.
- Virgilio Llapitan stepped down as President, COO, and Director on May 19, 2025.
- Thomas DeRosa appointed Interim CEO on December 24, 2024.
- Felipe A. Corrado IV appointed CFO and Treasurer on December 24, 2024.
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What Recent Changes Have Shaped AppTech’s Ownership Landscape?
Over the past few years, significant shifts have occurred in the ownership and strategic direction of AppTech Payments Corp. In late 2024, a new investor group injected $5 million into the company, gaining voting control of the Board of Directors. This led to changes in key leadership positions, including the replacement of the CEO and CFO. Luke D'Angelo stepped down as CEO and Executive Director in December 2024, although he remained Chairman until May 2025. Thomas DeRosa was appointed as Interim CEO, and Felipe A. Corrado IV became the new CFO.
A notable event in May 2025 was the delisting of AppTech Payments Corp. from the Nasdaq Capital Market due to noncompliance with listing requirements. Consequently, its common stock and warrants began trading on the OTCQB® market. The company has also pursued strategic acquisitions, such as Summit Technology Group in 2019 and FinZeo in October 2023. Furthermore, in March 2024, AppTech Payments Corp. announced a $2.0 million underwritten public offering of common stock. If you want to know more about the target market, you can check out Target Market of AppTech.
| Metric | 2023 | 2024 |
|---|---|---|
| Revenue | $504,000 | $276,000 |
| Net Loss | -$18.5 million | -$8.95 million |
Industry trends in fintech ownership, like increased institutional ownership, are visible in AppTech's investor base. Institutional investors have been buying AppTech Payments stock, with approximately 453,032 shares purchased in the last 24 months, representing about $1.02 million in transactions. However, institutional ownership stood at 5.15% as of early 2025. The company's financial performance in 2024 showed a decrease in revenue and continued losses, although the losses were reduced compared to 2023.
AppTech Ownership Structure
The ownership structure of AppTech is influenced by institutional investors and recent changes in leadership. The company's stock delisting from Nasdaq and shift to OTCQB® market trading also impact the dynamics of ownership and investor base. Changes in the board and key executive positions occurred in late 2024 and early 2025.
AppTech Investors
AppTech investors include a mix of institutional investors and individual shareholders. Institutional investors have been actively acquiring AppTech stock, though their overall percentage ownership is relatively low. The company's financial performance and market listing status influence investor confidence and decisions.
AppTech Management
AppTech's management team has seen significant changes, including the replacement of the CEO and CFO. Thomas DeRosa served as Interim CEO following Luke D'Angelo's departure. Felipe A. Corrado IV was appointed as the new CFO, reflecting a strategic shift in leadership.
AppTech Stock
AppTech stock transitioned from the Nasdaq Capital Market to the OTCQB® market in May 2025. This move can affect trading volume and investor perception. The stock's performance and market activity reflect the company's financial health and strategic direction.
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