Princeton Bancorp authorizes 2M preferred shares with board discretion on terms

Princeton Bancorp, Inc.

Articles of Amendment filed and effective April 29, 2024, authorizing 2,000,000 shares of preferred stock.
Board empowered to issue preferred stock in series with voting, dividend, redemption, and other rights without further shareholder approval.
Amendment restated Article Fifth of the articles of incorporation; no other changes.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Princeton Bancorp, Inc.: Articles of Amendment filed to authorize 2,000,000 shares of preferred stock and empower the board to determine their terms, amending Article Fifth of the articles of incorporation (effective 2024-04-29).

Change: charter amendment
Effective: 2024-04-29

Exact text from the filing

On May 3, 2024, Princeton Bancorp, Inc. (the “Company”) received confirmation from the Pennsylvania Department of State that as of April 29, 2024, the Company’s Articles of Amendment were filed and effective.

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Princeton Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-131902

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