secwatch.observer — SEC 8-K summary
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Issuer:     Princeton Bancorp, Inc. (BPRN)
CIK:        0001913971
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001193125-23-208232
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Princeton Bancorp authorizes repurchase of up to 5% of shares for $10.7M max
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- Board authorized repurchase of up to ~314,000 shares (5% of outstanding) with aggregate cost not exceeding $10.7 million.
- Shares may be bought only at a per-share price below the company's tangible book value per share.
- Program does not obligate the company to repurchase any shares; it may be suspended or terminated at any time.
- Repurchases may be executed in open market or private transactions under Rule 10b-18 and 10b5-1 trading plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1913971/000119312523208232/0001193125-23-208232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1913971/000119312523208232/d641427d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-208232

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