Welcome to our dedicated page for Princeton Captl SEC filings (Ticker: PIAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Princeton Capital Corporation (PIAC) is a Maryland corporation that files periodic and current reports, proxy statements and other documents with the U.S. Securities and Exchange Commission. This SEC filings page brings together those public documents and pairs them with AI-powered summaries to help readers interpret the company’s regulatory disclosures more efficiently.
The company’s 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. For example, a Form 8-K dated December 18, 2025 describes the results of the 2025 Annual Meeting of Stockholders, including the election of four directors, the ratification of WithumSmith&Brown, PC as the independent registered public accounting firm for the year ending December 31, 2025, and the approval of an adjournment proposal. The definitive proxy statement filed on November 12, 2025 provides additional detail on the proposals, voting procedures, quorum requirements and other meeting information.
Princeton Capital Corporation’s filings also discuss topics such as security ownership of certain beneficial owners and management, principal accountant fees and services, audit committee reports and the submission of stockholder proposals. Earlier public communications, such as the August 19, 2021 strategic process update, direct readers to the company’s Form 10-Q filings for more information on the valuation of its portfolio of investments.
On this page, AI-generated overviews can highlight the key points in lengthy documents like Forms 10-K and 10-Q, explain the outcomes of proxy votes reported on Form 8-K, and help users locate information about auditor ratification and board elections. Real-time updates from the SEC’s EDGAR system ensure that new filings, including any future proxy materials or current reports, are added as they become available, while Form 4 insider transaction reports and other ownership-related filings can be accessed for additional context.
Princeton Capital Corporation is an externally managed business development company focused on debt and related equity investments in private small and lower middle‑market U.S. companies. The firm is conserving cash and limiting new investments while a strategic alternatives review, launched in 2019, remains ongoing with no transaction agreed as of December 31, 2025.
House Hanover, LLC has managed the portfolio since 2018 under an advisory agreement renewed on May 12, 2025, earning a 1% fee on gross assets. At December 31, 2025, investments in four portfolio companies had a cost of $34.1 million and a fair value of $14.3 million, down from $19.2 million a year earlier. Princeton failed to qualify as a regulated investment company for 2024 and 2025 and is taxed as a C corporation while it evaluates strategic options. The stock trades thinly on the OTC Pink Market under “PIAC,” with approximately 95% of shares held by two legacy partnerships, limiting public float and liquidity.
Princeton Capital Corporation reported the results of its 2025 Annual Meeting of Stockholders held on December 18, 2025. Stockholders re-elected four directors — Darren Stainrod, Mark DiSalvo, Martin Laidlaw, and Greg Bennett — each receiving roughly 115.8 million votes for and fewer than 80,000 votes withheld, with broker non-votes reported at 179,810 for each nominee.
Stockholders also ratified the selection of WithumSmith&Brown, PC as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, with 116,081,745 votes for, and no votes against or abstentions. A proposal to approve potential adjournment of the Annual Meeting to solicit additional proxies was approved with 116,079,087 votes for and 2,658 against, but an adjournment was ultimately not needed.
Princeton Capital Corporation reported a net decrease in net assets from operations of $1,012,635 for the quarter ended September 30, 2025. Net assets were $17,465,883, down from $21,043,266 at year-end, and NAV per share declined to $0.145 from $0.175.
Total investments at fair value were $16,654,297 versus $19,217,779 at December 31, 2024. Quarterly investment income was $25,734 against operating expenses of $326,235, resulting in a net investment loss. For the nine months, the net decrease in net assets from operations was $3,577,383.
The portfolio remains concentrated in Level 3 assets and control positions, with key exposures in Casual Dining ($7.40M fair value), Nickel Pipe, Fittings and Flanges ($4.49M), Staffing ($3.77M), and Energy Services ($0.996M). The company did not qualify as a RIC for 2024 and does not expect to qualify for 2025; no dividends were declared. A strategic alternatives process remains ongoing. Cash, cash equivalents and restricted cash totaled $540,349 at period end.
Princeton Capital Corporation called its 2025 Annual Meeting for December 18, 2025 at 2:00 p.m. ET in Baltimore. Stockholders will vote on three items: electing four directors, ratifying WithumSmith&Brown, PC as independent auditor for 2025, and approving a potential adjournment to solicit additional proxies.
The record date is November 11, 2025. There were 120,486,061 shares outstanding as of that date; a quorum requires a majority of votes entitled to be cast. Brokers may exercise discretion only on the auditor ratification proposal. The board recommends voting “FOR” all proposals.
Ownership is concentrated: Capital Point Partners, LP and Capital Point Partners II, LP beneficially own 104,562,000 and 10,922,327 shares, respectively (about 96% combined). Under an agreement, they will either seek pass‑through voting instructions from their investors or vote their shares in the same proportion as other stockholders on each proposal.