- Market cap
- Revenue
- Net income
- Cash on hand
- Gross margin
- Net margin
- EPS
- P/E ratio
NORTH ANDOVER, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Princeton Capital Corporation (OTC:PIAC) (“Princeton” or the “Company”) announced today that its Board of Directors has authorized and declared a cash dividend of $0.075 per share of common stock. The dividend is payable on December 1, 2022 to stockholders of record as of the close of business on November 21, 2022. About Princeton Capital Corporation Princeton Capital Corporation is an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Princeton Capital Corporation’s investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through the debt securities and related equity investments. The Company’s investment activities are currently managed by its Investment Adviser, House Hanover, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. Forward-Looking Statements Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the U.S. Securities and Exchange Commission. Princeton Capital Corporation undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release. Company Contact: Gregory J. Cannella, Chief Financial Officer(978) 794-3366gcannella@princetoncapitalcorp.com Source: Princeton Capital Corporation
NORTH ANDOVER, MA , Aug. 19, 2021 (GLOBE NEWSWIRE) -- Princeton Capital Corporation (OTC:PIAC) (“Princeton” or the “Company”), today provided an update on its review of strategic alternatives. On November 15, 2019, the Company announced that the Company’s Board of Directors had initiated a strategic review process to identify, examine, and consider a range of strategic alternatives available to the Company, including but limited to, (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) otherwise entering into another business combination, with the objective of maximizing stockholder value. The Company’s strategic options have been enhanced by significant valuation growth in the Company’s portfolio of investments of 31.28% in the second quarter of 2021 and 48.26% for the calendar year through June 30, 2021, as described in the Company’s Form 10-Q filings for the first two quarters of 2021. While the COVID-19 pandemic temporarily slowed the Company’s efforts, the Company and its Board remain active in reviewing strategic alternatives with the continued objective of maximizing stockholder value. The Board is open to any alternatives for maximizing stockholder value, including a potential strategic transaction. The Board and the Company’s management team plan to continue to proceed in a timely and orderly manner, but have not set a definitive timetable for completion of the strategic process. There can be no assurance of a successful outcome from these efforts, or of the form or timing of any such outcome. For more information about the Company, please review the Company’s filings, including the Company’s most recent Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, which are available on its website at https://ir.princetoncapitalcorp.com/all-sec-filings or the U.S. Securities and Exchange Commission website at www.sec.gov. About Princeton Capital Corporation Princeton Capital Corporation is an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Princeton Capital Corporation’s investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through the debt securities and related equity investments. The Company’s investment activities are currently managed by its Investment Adviser, House Hanover, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. Forward-Looking Statements Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the U.S. Securities and Exchange Commission. Princeton Capital Corporation undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release. Company Contact: Gregory J. Cannella, Chief Financial Officer(978) 794-3366<a href="h
NORTH ANDOVER, MA, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Princeton Capital Corporation (OTC:PIAC) (“Princeton” or the “Company”), today announced that the Company’s Board of Directors has initiated a strategic review process to identify, examine, and consider a range of strategic alternatives available to the Company, including but limited to, (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) otherwise entering into another business combination, with the objective of maximizing stockholder value. At this time, the Board of Directors is not forming a special committee, but may choose to establish such a committee should the need arise. The Board of Directors has not made a decision to enter into any transaction at this time, and there are no assurances that the consideration of strategic alternatives will result in any transaction. Princeton does not intend to comment on or disclose developments regarding the process unless it deems further disclosure is appropriate or required. About Princeton Capital Corporation Princeton Capital Corporation is an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Princeton Capital Corporation’s investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through the debt securities and related equity investments. The Company’s investment activities are currently managed by its Investment Adviser, House Hanover, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. Forward-Looking Statements Statements included herein may constitute “forward-looking statements,” which relate to future events or our future performance or financial condition. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the U.S. Securities and Exchange Commission. Princeton Capital Corporation undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release. Contact: Gregory J. CannellaPrinceton Capital Corporationgcannella@princetoncapitalcorp.com Source: Princeton Capital Corporation
HOUSTON and KINGSTON, N.J., Jan. 27, 2016 /PRNewswire/ -- Princeton Capital Corporation (OTC:PIAC) ("Princeton" or the "Company") today announced that on January 19, 2016, the Company, Princeton Advisory Group, Inc., Gregory J. Cannella, Munish Sood, Thomas Jones, Jr. and Trennis L. Jones (collectively, the "Settling Defendants") on the one hand, entered into a settlement agreement ("Settlement Agreement") with Capital Link Fund I, LLC, CT Horizon Legacy Fund, LP, Capital Point Partners, LP and Sema4, Inc. (collectively, the "Plaintiffs") on the other hand. Capital Point Partners, LP is the Company's largest stockholder. Subject to the terms and conditions contained therein, the Settlement Agreement settles between the Plaintiffs and the Settling Defendants the disputes described in the lawsuit captioned Capital Link Fund I, LLC, et al. v. Capital Point Management, LP, et al., C.A. No. 11483-VCN (the "Litigation"). No monies were paid or exchanged by any of the parties as a part of the settlement and none of the parties admitted any wrongdoing. Prior to and in connection with the Settlement Agreement, the board of directors of the Company (the "Board") authorized the Company entering into the Settlement Agreement and the transactions contemplated by the Settlement Agreement, including the following actions: i. increasing the size of the Board from five (5) directors to six (6) directors with such vacancy to be designated as a Class III Director, with a term expiring 2017; ii. appointing two additional independent directors, Darren Stainrod and Martin Laidlaw (the "Capital Point Independent Directors") to the Board, as Class I and Class III Directors, and appointing at least one Capital Point Independent Director to each committee and subcommittee of the Board; iii. replacing Jackson as Chairman of the Board with Darren Stainrod (the "New Chairman"); iv. terminating the Investment Advisory Agreement, dated as of March 13, 2015 (the "Current Investment Advisory Agreement"), between the Company and Princeton Investment Advisors, LLC ("PIA"), with such termination to be effective on the later of (x) sixty (60) days after written notice of such termination is received by PIA and (y) the date a new investment advisory agreement is approved and adopted by the stockholders of the Company (whereupon that License Agreement, dated as of March 13, 2015 between the Company and PIA shall thereupon automatically terminate); v. conditionally approving and adopting a new Investment Advisory Agreement (the "New Investment Advisory Agreement"), between the Company
HOUSTON and KINGSTON, N.J., Sept. 9, 2015 /PRNewswire/ -- Princeton Capital Corporation (OTC:PIAC) (the "Company") today announced that its Board of Directors has postponed its 2015 annual meeting of stockholders, scheduled to be held at 10:30 a.m. Eastern Time (9:30 a.m. Central Time) on Thursday, September 10, 2015, in order to continue to solicit votes to reach the necessary quorum to conduct business at the Annual Meeting. At a later date, Princeton will provide information related to a rescheduled meeting. About Princeton Capital Corporation Princeton Capital Corporation is an externally managed, non-diversified, closed-end investment company that has elected to be regulated as a business development Company under the Investment Company Act of 1940, as amended. Princeton Capital Corporation's investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through the debt securities and related equity investments. The Company's investment activities are managed by its Investment Adviser, Princeton Investment Advisors, LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. Forward-Looking Statements Statements included herein may constitute "forward-looking statements," which relate to future events or our future performance or financial condition. These forward-looking statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the U.S. Securities and Exchange Commission. Princeton Capital Corporation undertakes no duty to update any forward-looking statements made herein. All forward-looking statements speak only as of the time of this press release. Investor Relations contact:Jennifer TanguyInvestor Relations Director 713-595-1429 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/princeton-capital-postpones-2015-annual-meeting-300140566.html SOURCE Princeton Capital Corporation
