Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value
GECCGreat Elm Capital (GECC) GlobeNewswire News Room·2024-06-24 19:30

PALM BEACH GARDENS, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it issued approximately 1.0 million shares of the Company’s common stock at a current net asset value of 12.03pershare,foranaggregategrosspurchasepriceof12.03 per share, for an aggregate gross purchase price of 12 million, to Prosper Peak Holdings, LLC (“PPH”). Great Elm Group, Inc. (“GEG”), the parent of the Company’s investment manager, made a $3 million investment in PPH, furth ...