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PIAC on OTC

PRINCETON CAPITAL CORP

PRINCETON CAPITAL CORP is an American company based in Scottsdale, listed on OTC (PIAC).2

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Last updated Oct 21, 2026.

Overview

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  • TickerPIAC on OTC2
  • HeadquartersScottsdale, United States2
  • Incorporated inMD3
  • Business address800 Turnpike Street, Suite 300, North Andover, Ma 018453
  • Filer categoryNon-accelerated filer3
  • Legal formProfit Corporation2
  • LEI549300T0QOO8VHY9D1142
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Corporation Service Company, 32301 Tallahassee, United States2

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Princeton Capital Corporation’s predecessor was initially incorporated in Florida in 1959 as Electro-Mechanical Services, Inc.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

19.3%Gross margin5
75.9%Net margin6
7.0%Revenue growth, 20225
20.7%Return on equity7

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs24¢$2.1M
  • Interest0¢$4.9K
  • Income tax0¢$456
  • Profit76¢$6.6M

Out of $8.8M in revenue.56

Where each dollar of operating cash went, fiscal 2022

  • Dividends paid90¢$9.0M
  • Kept or used elsewhere10¢$1.0M

Out of $10.0M of cash from operations.6

Financial statements

Revenue5$8.8M in 2022+26% since 2020
0$2.5M$5.0M$7.5M$10.0M2020: $6.9M$6.9M20202021: $8.2M$8.2M2021+18%2022: $8.8M$8.8M2022+7%
Gross profit5$1.7M in 2022−10% since 2020
0$500.0K$1.0M$1.5M$2.0M2020: $1.9M$1.9M20202021: $2.0M$2.0M2021+6%2022: $1.7M$1.7M2022−15%
Net income586$6.6M in 2022+271% since 2020
0$5.0M$10.0M$15.0M2020: $1.8M$1.8M20202021: $12.0M$12.0M2021+570%2022: $6.6M$6.6M2022−45%

Every line of the income statement as filed: the last 5 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-312022-12-312021-12-31
Interest income from non-control/non-affiliate investments$9.5K$689.1K$1.3M
Interest income from control investments$132.5K$270.8K$1.1M
Interest income paid-in-kind from non-control/ non-affiliate investments$318.4K$166.3K
Other income$45$91.8K$1.2K
Total investment income$155.9K$1.4M$2.5M
Management fees$184.1K$257.4K$317.5K
Administration fees$431.8K$423.9K$415.1K
Audit fees$202.8K$169.5K$149.1K
Legal fees (Note 2)$114.8K$158.6K$187.7K
Valuation fees$90.0K$90.0K$90.0K
Other professional fees$34.5K$14.5K
Directors fees$150.0K$150.0K$150.0K
Insurance expense$131.7K$117.2K$151.2K
Interest expense$207
Bad debt expense$444.5K
Other general and administrative expenses$130.6K$143.4K$138.5K
Total operating expenses$1.9M$1.5M$1.6M
Net investment income (loss) before income tax expense (benefit)-$1.8M-$140.5K$881.6K
Income tax expense (benefit)$10.1K-$1.9K$65.0K
Net investment income (loss) after income tax expense (benefit)-$1.8M-$138.6K$816.6K
Total net realized gain (loss) on investments-$5.5M-$1.2K
Net change in unrealized gain (loss) on investments-$5.0M-$5.2M-$994.3K
Net realized and unrealized gain (loss) on investments-$5.0M-$10.7M-$995.5K
Net decrease in net assets resulting from operations-$6.8M-$10.9M-$178.9K
Basic (in Dollars per share)-$0.01-$0.00$0.01
Diluted (in Dollars per share)-$0.01-$0.00$0.01
Basic (in Dollars per share)-$0.06-$0.09-$0.00
Diluted (in Dollars per share)-$0.06-$0.09-$0.00
Basic (in Shares)120.5M shares120.5M shares120.5M shares120.5M shares120.5M shares
Diluted (in Shares)120.5M shares120.5M shares120.5M shares

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What it owns

What PRINCETON CAPITAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$241.8K7 Dec 31, 2025$1.3M7 Dec 31, 2024−81.3%

Properties, in its own words

The Company does not own any real estate or other physical properties materially important to our operation. Our headquarters are located at 800 Turnpike Street, Suite 300, North Andover, Massachusetts 01845. Our headquarters are provided to us by House Hanover, our investment adviser since January 1, 2018. We believe that our office facilities are suitable and adequate for our business as we contemplate conducting it.

Item 2 of the 10-K filed Mar 30, 2026.4

Leadership

Who has led PRINCETON CAPITAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles J. Newman2008–2013
  2. Munish Sood2016

Chair

  1. Charles J. Newman2008–2013

Chief financial officer

  1. Charles J. Newman2008–2013
  2. Gregory J. Cannella2016
2010201520202025
Board members and other officers (9)

Former names

  • REGAL ONE CORPAug 5, 2009 to Mar 12, 20153

Timeline

  1. Dec 18, 20258-K Shareholder vote22
  2. Jan 14, 20258-K Earlier financial statements no longer reliable23
  3. Dec 26, 20248-K Shareholder vote24
  4. Dec 14, 20238-K Shareholder vote25
  5. Dec 16, 20228-K Shareholder vote26
  6. Oct 27, 20228-K Other events27
  7. Oct 19, 20228-K Other events28
  8. Sep 9, 20228-K Entered a material agreement29
  9. Dec 17, 20218-K Shareholder vote30
  10. Feb 9, 2016New chief executive Munish Sood becomes CEO11
  11. Jun 16, 2008New chief executive Charles J. Newman becomes CEO12

Filings

43 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 9 major events, 13 other. The latest 20:

  1. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  2. May 26, 202640-17G EDGAR
  3. May 15, 202610-Q QUARTERLY REPORT EDGAR
  4. Mar 30, 202610-K ANNUAL REPORT EDGAR
  5. Dec 18, 20258-K CURRENT REPORT EDGAR
  6. Nov 13, 202510-Q QUARTERLY REPORT EDGAR
  7. Nov 12, 2025DEF 14A PROXY STATEMENT EDGAR
  8. Sep 24, 202540-17G EDGAR
  9. Aug 13, 202510-Q QUARTERLY REPORT EDGAR
  10. May 15, 202510-Q QUARTERLY REPORT EDGAR
  11. Apr 1, 202510-K ANNUAL REPORT EDGAR
  12. Apr 1, 2025NT 10-K NOTIFICATION OF LATE FILING EDGAR
  13. Mar 5, 202510-K/A AMENDMENT NO. 1 TO FORM 10-K EDGAR
  14. Jan 14, 20258-K CURRENT REPORT EDGAR
  15. Dec 26, 20248-K CURRENT REPORT EDGAR
  16. Nov 13, 202410-Q QUARTERLY REPORT EDGAR
  17. Nov 13, 2024DEF 14A PROXY STATEMENT EDGAR
  18. Aug 14, 202410-Q QUARTERLY REPORT EDGAR
  19. Jun 12, 2024CORRESP EDGAR
  20. Jun 11, 202440-17G EDGAR

The 43 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How PRINCETON CAPITAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPRINCETON CAPITAL CORP1
  • CIK0000845385
  • Employer ID (EIN)46-35160734
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inMaryland4
  • Fiscal year endsDecember 311
  • Business address800 Turnpike Street, Suite 300, North Andover, MA 018451
  • Phone978-794-33661
  • Shares outstanding120,486,061 as of Aug 14, 202610
  • Public float$330.1K as of Jun 30, 20254
  • AuditorWithumSmith+Brown, PC, Whippany, New Jersey PCAOB ID 100; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 9, 19981
  • Filings371 in all: 10-Q (61), 8-K (61), 4 (36), 10QSB (27), NT 10-Q (23), 10-K (20), SC 13D (18), NT 10-K (16)1
    All 35 form types

    40-17G (13), 3 (12), CORRESP (12), DEF 14A (12), DEF 14C (12), 10KSB (9), PRE 14C (9), 8-K/A (4), DEFR14A (4), PRE 14A (3), 10KSB/A (2), 5 (2), 10-12B (1), 10-K/A (1), 10QSB/A (1), 4/A (1), 425 (1), DEFA14C (1), DEFM14A (1), N-54A (1), NT 10-K/A (1), NTN 10K (1), PREM14A (1), PREM14C (1), PRER14A (1), PRER14C (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Nov 12, 2025
    Latest 8-K (8-K) Dec 18, 2025

Securities registered for trading

ClassSymbolExchange
NoneNONE

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks PRINCETON CAPITAL CORP names in Item 1A of its 10-K filed Mar 30, 2026: 25 risks under these headings, as written.4

  • Risks Relating to our Business and Structure
  • There are significant potential conflicts of interest that could negatively affect our investment returns.
  • The management fee structure we have with House Hanover may create incentives that are not fully aligned with the interests of our stockholders.
  • The involvement of our interested directors in the valuation process may create conflicts of interest.
  • The time and resources that House Hanover devote to us may be diverted, and we may face additional competition due to the fact that House Hanover and its affiliates are not prohibited from raising money for, or managing, another entity that makes the same types of investments that we target.
  • House Hanover’s liability is limited under the House Hanover Investment Advisory Agreement and we have agreed to indemnify House Hanover against certain liabilities, which may lead House Hanover to act in a riskier manner on our behalf than it would when acting for its own account.
  • Our ability to enter into transactions with our affiliates will be restricted, which may limit the scope of investments available to us.
  • You may not receive distributions, or our distributions may not grow over time.
  • We may have difficulty paying required distributions to qualify as a RIC if we recognize income before, or without, receiving cash representing such income.
  • PIK interest payments we receive will increase our assets under management and, as a result, will increase the amount of base management fees payable by us to House Hanover.
  • Our portfolio investments will be recorded at fair value as determined in good faith by our board of directors and, as a result, there may be uncertainty as to the value of our portfolio investments.
  • Our common stock is traded on the Over the Counter Pink Market, which may make it more difficult for investors to resell their shares due to suitability requirements.
The other 14 risks
  • Our board of directors may change our investment objective, operating policies and strategies without prior notice or stockholder approval.
  • Provisions of the Maryland General Corporation Law and of our charter and bylaws could deter takeover attempts and have an adverse impact on the price of our common stock.
  • House Hanover can resign as our investment advisor and administrator upon 60 days’ notice and we may not be able to find suitable replacements within that time, or at all, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • Cybersecurity risks and cyber incidents may adversely affect our business or those of our portfolio companies by causing a disruption to our operations, a compromise or corruption of confidential information and/or damage to business relationships, or those of our portfolio companies, all of which could negatively impact our business, results of operations or financial condition.
  • Risks Relating to our Investments
  • We may hold the loans and debt securities of leveraged companies that may, due to the significant operating volatility typical of such companies, enter into bankruptcy proceedings.
  • Our investments in private and small and lower middle-market portfolio companies are risky, and we could lose all or part of our investment.
  • The lack of liquidity in our investments may adversely affect our business.
  • We are a non-diversified investment company as defined under the 1940 Act, and therefore we are not limited with respect to the proportion of our assets that may be invested in securities of a single issuer.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • When we do not hold controlling equity interests in our portfolio companies, we may not be able to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • If we make subordinated investments, the obligors or the portfolio companies may not generate sufficient cash flow to service their debt obligations to us.
  • Risks Relating to our Common Stock
  • Our share ownership is concentrated.
  • The Company’s common stock may be subject to the penny stock rules which might make it harder for stockholders to sell.

Legal proceedings

As of December 31, 2025, there were no material legal proceedings against the Company or any of its officers or directors. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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