secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Group, Inc. (GEG)
CIK:        0001831096
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001567619-22-009547
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Group acquires Monomoy REIT management agreements for $10M; AUM doubles to $572M
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- Upfront purchase price of $10M paid with $2.5M in GEG stock, $1.25M in GECC stock, and $6.3M promissory note at 6.5% interest.
- GEG committed to invest $15M into Monomoy REIT, intends additional $15M over next 12 months.
- ICAM may receive two earnout payments of up to $1M each based on FY2023 and FY2024 financial metrics.
- Transaction approved by disinterested directors; Jason Reese (GEG Executive Chairman) is co-founder/CEO of ICAM, creating related-party status.
- AUM increases from $224M to $572M; Monomoy REIT holds 108 net-leased industrial properties valued at $348M (as of March 31, 2022).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831096/000156761922009547/0001567619-22-009547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831096/000156761922009547/brhc10037148_8k.htm
  HTML page:      https://secwatch.observer/filing/0001567619-22-009547

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