other material
confidence high
sentiment positive
materiality 0.70
Great Elm Capital Corp. Raises $12M Equity at Net Asset Value from Prosper Peak Holdings
Great Elm Capital Corp.
- Issued 997,506 shares of common stock at net asset value of $12.03 per share for aggregate proceeds of approximately $12 million.
- Shares purchased by Prosper Peak Holdings, LLC, a special purpose vehicle 25% owned by Great Elm Group, Inc.
- Great Elm Group invested $3 million in Prosper Peak, aligning its interests with shareholders.
- CEO Matt Kaplan noted the company raised $38 million of non-dilutive equity year-to-date, growing net asset value by nearly 80% since March 2022.