GEG raises $9M via private placement to Woodstead, appoints Booker Smith to board

Great Elm Group, Inc.

Woodstead invested $9M for 4M GEG shares at $2.25 and 2M 10-year warrants at $3.50/$5.00.
Affiliate of Booker Smith purchased 1.3M newly-issued GECC shares at $11.65 for $15M (9.9% stake).
Booker Smith appointed to GEG board effective Aug 27, 2025; brings credit and real estate expertise.
GEG to release fiscal 2025 earnings on Sept 2 after market close; conference call Sept 3 at 8:30am ET.
Proceeds will be used to expand AUM and enhance profitability; capital also strengthens GECC balance sheet.

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