Princeton Capital Corporation
Climate Impact & Sustainability Data (June 30, 2018)
Reporting Period: June 30, 2018
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Litigation surrounding the acquisition of Capital Point Partners, L.P. and Capital Point Partners II, L.P. in March 2015 resulted in delays in financial reporting obligations.
- Complaints filed against the CEO and others in September 2017 in the Southern District of New York required an independent investigation by the Audit Committee.
Mitigation Strategies
- Engaged WithumSmith&Brown, PC as a new independent registered public accounting firm in March 2016.
- The Audit Committee conducted an independent investigation which concluded on January 24, 2018, uncovering no evidence that the allegations impacted the Registrant (other than the CEO's resignation), no evidence of other employee involvement, and no evidence of misuse of corporate funds.