Princeton Capital Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting a net decrease in net assets from operations of $767,508 for the third quarter and $1,463,789 for the nine months ended September 30, 2026.

Key Highlights

  • Net asset value per share: declined to $0.106 at September 30, 2026, from $0.118 at December 31, 2025, according to the filing.
  • Total net assets: fell to $12,799,212 at September 30, 2026, from $14,263,001 at December 31, 2025.
  • Total investment income: was $632,042 for the nine months ended September 30, 2026, compared with $125,213 for the same period in 2025, the company disclosed.
  • Net investment loss after taxes: was $317,279 for the nine months ended September 30, 2026, versus $993,901 for the nine months ended September 30, 2025.
  • Net change in unrealized loss on investments: totaled $1,146,510 for the nine months ended September 30, 2026, compared with $2,583,482 for the same period in 2025.
  • Shares outstanding: remained unchanged at 120,486,061 shares of common stock as of November 9, 2026, the filing states.
  • Total investments at fair value: were $13,114,945 at September 30, 2026, against a total cost of $34,111,452, according to the filing.

Princeton Capital's Third-Quarter 2026 Financial Position and Operating Results

According to the filing, Princeton Capital Corporation reported total investment income of $212,956 for the three months ended September 30, 2026, compared with $25,734 for the same period in 2025. The company disclosed that interest income from control investments drove the majority of this increase, rising to $206,064 in the third quarter of 2026 from $22,043 in the third quarter of 2025. For the nine months ended September 30, 2026, total investment income reached $632,042, up from $125,213 in the comparable prior-year period.

The filing disclosed total operating expenses of $292,261 for the three months ended September 30, 2026, compared with $326,235 for the three months ended September 30, 2025. For the nine months ended September 30, 2026, total operating expenses were $948,979, down from $1,109,128 in the same period of 2025. Major expense categories for the nine-month period included administration fees of $269,625, directors' fees of $120,375, audit fees of $114,450, and insurance expense of $91,806, as reported in the filing.

The company reported a net change in unrealized loss on investments of $688,089 for the three months ended September 30, 2026, comprised of a $264,213 unrealized loss on non-control/non-affiliate investments and a $423,876 unrealized loss on control investments, according to the filing. Total investments at fair value stood at $13,114,945 at September 30, 2026, against a total cost basis of $34,111,452. The accumulated deficit grew to $52,190,158 at September 30, 2026, from $50,726,369 at December 31, 2025. The filing identified the company's investment advisor as House Hanover, LLC, which is reimbursed for administration fees it incurs on the company's behalf.

What Was Disclosed

Princeton Capital Corporation disclosed its unaudited financial results for the quarter and nine months ended September 30, 2026, showing a decline in net asset value per share to $0.106, reduced total net assets of $12,799,212, and a net decrease in net assets from operations of $1,463,789 for the nine-month period. The company's securities are listed as having no exchange registration.