Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value

Core Viewpoint - Great Elm Capital Corp. (GECC) has successfully issued approximately 1.0 million shares at a net asset value of $12.03 per share, raising a total of $12 million to support its growth initiatives [1][2]. Group 1: Financial Performance - GECC has raised $38 million of non-dilutive equity year-to-date, enhancing its platform expansion efforts [2]. - The gross net asset value of GECC has increased by nearly 80% since the management and board refresh in March 2022, benefiting shareholders [2]. Group 2: Strategic Initiatives - The investment in Prosper Peak Holdings, LLC (PPH) is part of GECC's strategy to expand its capital base and support its credit platform [2][6]. - Great Elm Group, Inc. (GEG), the parent company of GECC's investment manager, has made a $3 million investment in PPH, further aligning its interests with shareholders [6]. Group 3: Company Overview - GECC is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses [3].