PRINCETON CAPITAL CORP

Princeton Capital Corporation operates as an externally managed business development company (BDC). The company's predecessor, Electro-Mechanical Services, Inc., was incorporated in Florida in 1959 and later changed its name to Regal One Corporation in 1998. In 2005, Regal One Corporation shifted its operational focus to providing financial services through a network of advisors and professionals. On July 14, 2014, Regal One, the Company, Capital Point Partners, LP, and Capital Point Partners II, LP entered into an Asset Purchase Agreement. This agreement outlined the acquisition of certain equity and debt investments from the Partnerships in exchange for shares of common stock. As part of this transaction, Regal One was required to effect a 1-for-2 reverse stock split, reincorporate from Florida to Maryland, and become an externally managed BDC by entering into an external investment advisory agreement with Princeton Investment Advisors, LLC. On March 13, 2015, following the reverse stock split and reincorporation, Princeton Capital Corporation completed the acquisition of approximately $11.2 million in cash, $43.5 million in equity and debt investments, and $1.9 million in restricted cash escrow deposits from the Partnerships, totaling an aggregate value of approximately $56.6 million. In exchange, the company issued approximately 115.5 million shares of its common stock to the Partnerships, based on a pre-valuation presumed fair value of $60.9 million.