other material
confidence high
sentiment positive
materiality 0.65
Great Elm Capital raises $13.2M in private placement at NAV; GEG invests $3.3M in purchaser
Great Elm Capital Corp.
- Issued 1,094,527 common shares at $12.06 NAV per share to Summit Grove Partners for $13.2M.
- Great Elm Group (GEG) invested $3.3M in the purchasing entity, aligning manager with shareholders.
- CEO Matt Kaplan: nearly $50M raised at NAV YTD; gross NAV nearly doubled since March 2022.
- Shares issued in private placement exempt from registration under Section 4(a)(2).