secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0000950103-24-017629
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Capital raises $13.2M in private placement at NAV; GEG invests $3.3M in purchaser
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095010324017629/0000950103-24-017629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095010324017629/dp221919_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-017629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer