secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0000950170-24-076458
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Capital Corp. Raises $12M Equity at Net Asset Value from Prosper Peak Holdings
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017024076458/0000950170-24-076458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017024076458/gecc-20240621.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-076458

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer