---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-012860"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:41:22.422243+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital raises $24M equity at NAV; Q4 NAV $12.99/share, NII $0.43; declares $0.35 dividend

## Summary
- Issued 1,850,424 shares at $12.97 NAV/share for $24M gross in private placement; $6M from Great Elm Group.
- Preliminary Q4 2023 NAV of $98.7M ($12.99/share) and net investment income of $0.43/share.
- Board declared Q1 2024 distribution of $0.35/share, equating to 14.6% yield on Feb 8 close of $10.26.
- CEO says non-dilutive capital supports growth strategy and portfolio diversification.

## SEC filing metadata
- accession: 0000950170-24-012860
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017024012860/0000950170-24-012860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017024012860/gecc-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-012860
- JSON: https://secwatch.observer/filing/0000950170-24-012860.json
- Plain text: https://secwatch.observer/filing/0000950170-24-012860.txt

## Key facts
- Earnings Releases
  Great Elm Capital Corp. reported the three months ended December 31, 2023 results: net income $0.43 per share.
  - Period: the three months ended December 31, 2023
  - Net income: $0.43 per share
  - Result: preliminary results
  source text: Net investment income of the Company of $0.43 per share of the Company’s common stock for the three months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017024012860/0000950170-24-012860-index.htm
- Material Agreements
  Great Elm Capital Corp. entered into Share Purchase Agreement with Great Elm Strategic Partnership I, LLC valued at an aggregate purchase price of $24 million (effective 2024-02-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Great Elm Strategic Partnership I, LLC
  - Value: an aggregate purchase price of $24 million
  - Effective: 2024-02-08
  source text: On February 8, 2024, Great Elm Capital Corp. (the “Company”) entered into a Share Purchase Agreement with Great Elm Strategic Partnership I, LLC (the “Purchaser”), pursuant to which the Purchaser purchased, and the Company issued, 1,850,424 shares of the Company’s common stock, par value $0.01 (the “Shares”), at a current net asset value of $12.97 per share or an aggregate purchase price of $24 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017024012860/0000950170-24-012860-index.htm

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