secwatch.observer — SEC 8-K summary
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Issuer:     PRINCETON CAPITAL CORP (PIAC)
CIK:        0000845385
Form:       8-K
Filed at:   2022-09-09T23:59:59+00:00
Accession:  0001213900-22-055043
Event type: litigation
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Princeton Capital settles lawsuit with GVS, affiliates for $11.37M
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- Company receives $11.37M settlement from GVS affiliates and Natin Paul to resolve State Litigation and Adversary Proceeding.
- Payment due within 3 days after Bankruptcy Court approval and satisfaction of other conditions precedent.
- Settlement includes assignment of promissory notes and dismissal with prejudice of the Adversary Proceeding.
- State Litigation had yielded $9.76M judgment plus $151k attorneys' fees; settlement exceeds that amount.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/845385/000121390022055043/0001213900-22-055043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/845385/000121390022055043/ea165602-8k_princetoncap.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-055043

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