Company Description
Princeton Capital Corporation (PIAC) is a Maryland corporation in the finance and insurance sector, classified in the securities and commodity exchanges industry. According to its public disclosures, the company’s common stock is quoted on the OTC market under the symbol PIAC. Princeton Capital Corporation is governed by a board of directors elected by its stockholders and is subject to the reporting and proxy requirements of the U.S. Securities and Exchange Commission (SEC).
The company’s corporate governance framework is documented through regular annual meetings of stockholders, proxy statements and current reports. Stockholders vote on the election of directors, the selection of the independent registered public accounting firm, and the potential adjournment of stockholder meetings to solicit additional proxies. These matters are set out in definitive proxy statements filed on Schedule 14A and in related current reports on Form 8-K.
Corporate structure and governance
Princeton Capital Corporation is organized under Maryland law and maintains its main office in North Andover, Massachusetts. Its board of directors oversees the company’s affairs, including the appointment and oversight of an independent registered public accounting firm. As described in its proxy materials, stockholders of record as of a specified record date are entitled to receive notice of, and vote at, the company’s annual meeting of stockholders.
At its 2025 Annual Meeting of Stockholders, as reported in a Form 8-K dated December 18, 2025, stockholders voted on three key proposals: (i) the election of four directors to the board, (ii) the ratification of the selection of WithumSmith&Brown, PC as the independent registered public accounting firm for the year ending December 31, 2025, and (iii) the approval of the possible adjournment of the annual meeting to solicit additional proxies if necessary or appropriate. The Form 8-K discloses that all four director nominees were elected, the accounting firm was ratified, and the adjournment proposal was approved.
Stockholder meetings and voting
Details about Princeton Capital Corporation’s stockholder meetings and voting procedures are provided in its definitive proxy statements. The 2025 proxy statement explains that only stockholders of record at the close of business on the designated record date are entitled to notice of, and to vote at, the annual meeting. It also describes how stockholders may vote in person, by mail, by telephone or via the Internet, and how they may revoke previously submitted proxies.
The proxy materials outline the quorum requirements for conducting business at the annual meeting, the effect of abstentions and broker non-votes, and the vote standards applicable to each proposal. For example, the election of directors is determined by a plurality of the votes cast in the election of directors at the annual meeting, while the ratification of the independent registered public accounting firm and the approval of any adjournment proposal require the affirmative vote of a majority of the votes cast.
Dividends and capital actions
Princeton Capital Corporation has disclosed capital return actions through public news releases. In an announcement dated October 27, 2022, the company stated that its board of directors authorized and declared a cash dividend of $0.075 per share of common stock, payable on December 1, 2022, to stockholders of record as of the close of business on November 21, 2022. This demonstrates that the board may, from time to time, consider and declare cash dividends on the company’s common stock, subject to its judgment and applicable requirements.
Strategic review process
In a news release dated August 19, 2021, Princeton Capital Corporation provided an update on a strategic review process initiated by its board of directors. The company reported that, as previously announced on November 15, 2019, the board had begun a process to identify, examine and consider a range of strategic alternatives with the objective of maximizing stockholder value. The alternatives described in that update included: (i) selling the company’s assets to a business development company or other potential buyer, (ii) merging with another business development company, (iii) liquidating the company’s assets in accordance with a plan of liquidation, (iv) raising additional funds for the company, or (v) entering into another business combination.
The same update noted that the company’s strategic options had been affected by valuation changes in its portfolio of investments, as described in its Form 10-Q filings for the first two quarters of 2021. It also stated that the COVID-19 pandemic had temporarily slowed the company’s efforts, but that the company and its board remained active in reviewing strategic alternatives with the objective of maximizing stockholder value. The board indicated that it was open to alternatives, including a potential strategic transaction, and that it intended to proceed in a timely and orderly manner without setting a definitive timetable. The company cautioned that there could be no assurance of a successful outcome, or of the form or timing of any outcome.
Regulatory reporting and disclosures
Princeton Capital Corporation files periodic and current reports, proxy statements and other documents with the SEC. These filings include annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and proxy statements on Schedule 14A. The company’s proxy statement for its 2025 Annual Meeting references its annual report on Form 10-K for the fiscal year ended December 31, 2024, which is made available to stockholders together with the proxy materials.
The company’s SEC filings provide information on matters such as security ownership of certain beneficial owners and management, proposals to be voted on at stockholder meetings, principal accountant fees and services, and audit committee reports. They also describe how stockholders may submit proposals for inclusion in future proxy materials and outline the company’s privacy principles.
Trading status and exchange listing
According to the Form 8-K filed on December 18, 2025, Princeton Capital Corporation does not have any securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, and the filing lists “None” for the title of each class, trading symbol and name of each exchange on which registered. Public news releases describe the company’s common stock as trading on the OTC market under the symbol PIAC. Investors and other interested parties can review the company’s SEC filings for additional details on its securities and regulatory status.
Use of SEC and company materials
For a fuller understanding of Princeton Capital Corporation’s business, governance and financial reporting, readers are directed in the company’s public communications to review its filings with the SEC, including its most recent annual report on Form 10-K and quarterly reports on Form 10-Q. The August 19, 2021 strategic process update specifically refers to the company’s Form 10-Q filings for the first two quarters of 2021 for more detail on the valuation of its portfolio of investments.