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Benzinga
Benzinga
Business
Anusuya Lahiri

AppTech Shares Gain As It Closes Acquisition Of Hothand

Nasdaq e-commerce Intellectual Property United States
  • AppTech Payments Corp (NASDAQ:APCX) announced the closing of its acquisition of Hothand Inc. 
  • AppTech now owns Hothand's portfolio of twelve patents focused on delivering, purchasing, or requesting any products or services within specific geolocation and time parameters provided by a consumer's cell phone anywhere in the U.S.
  • Hothand is a patent-holding company that owns the intellectual property rights to a patent portfolio that broadly covers geofence-triggered e-commerce and/or advertising via cell phone.
  • Price Action: APCX shares traded higher by 24.3% at $0.93 on the last check Tuesday.
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