---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-010785"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2025-08-27T23:59:59+00:00"
generated_at: "2026-05-17T09:43:41.229979+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital Corp. raises $15M equity via 1.29M share issuance to affiliate of Booker Smith

## Summary
- Issued 1.29M shares at $11.65/share for gross proceeds of $15.0M to an affiliate of newly appointed director Booker Smith.
- Shares represent 9.9% of outstanding common stock; transaction part of ongoing capital raise.
- Over past 12 months, GECC has raised nearly $30M of equity at net asset value.
- CEO Matt Kaplan says capital provides additional leverage for investment opportunities and reflects confidence in turnaround since March 2022.
- Capital will support investment strategy focused on debt instruments, income-producing equity, and specialty finance.

## SEC filing metadata
- accession: 0000950103-25-010785
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2025-08-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095010325010785/0000950103-25-010785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095010325010785/dp233518_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-010785
- JSON: https://secwatch.observer/filing/0000950103-25-010785.json
- Plain text: https://secwatch.observer/filing/0000950103-25-010785.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.