{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-052084","form_type":"8-K","ticker":"GECC","cik":"0001675033","company_name":"Great Elm Capital Corp.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.530995+00:00","generated_at":"2026-06-03T00:36:45.576462+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"GECC Q1 NII $0.37/share covers $0.35 dividend; NAV falls to $12.57 on $0.55 write-downs","bullets":["NII per share $0.37 vs $0.43 in Q4 2023; EPS ($0.05) due to unrealized losses.","NAV per share $12.57, down $0.42 from Dec 31, 2023, hit by $0.55 write-downs on illiquid legacy assets.","Asset coverage ratio improved to 180.2% (pro forma post-notes ~166.9%) from 169.0%.","Issued $34.5M of GECCI 8.50% notes due 2029 after quarter-end; repaid $5M revolver balance.","Board maintained $0.35 quarterly dividend, payable June 28 to holders of record June 14."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-052084","json":"https://secwatch.observer/filing/0000950170-24-052084.json","markdown":"https://secwatch.observer/filing/0000950170-24-052084.md","text":"https://secwatch.observer/filing/0000950170-24-052084.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675033/000095017024052084/0000950170-24-052084-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675033/000095017024052084/gecc-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:36:45.576462+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ad9081258290c383721d816c4d299c7bb2705a9","claim":"Great Elm Capital Corp. reported first quarter ended March 31, 2024 results: revenue $8.9 million, EPS ($0.05).","evidence_excerpt":"yield of 12.2%. Sales aggregated to $12.4 million at a weighted average current yield of 9.7%. Financial Review Total investment income for the quarter ended March 31, 2024 was $8.9 million, or $1.03 per share. Net expenses for the quarter ended March 31, 2024 were approximately $5.7 million, or $0.66 per share. Net realized and unrealized losses for the quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000095017024052084/0000950170-24-052084-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$8.9 million"},{"label":"EPS","value":"($0.05)"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}