Great Elm Capital Corp. (“GECC”) Raises $13.2 Million of Equity at Net Asset Value

Group 1 - Great Elm Capital Corp. (GECC) issued approximately 1.1 million shares at a net asset value of $12.06 per share, raising a total of $13.2 million from Summit Grove Partners, LLC [1] - Great Elm Group, Inc. (GEG) invested $3.3 million in SGP, aligning the investment manager's interests with those of shareholders [2] - GECC has raised nearly $50 million of equity at net asset value year-to-date, nearly doubling its gross net asset value since management and board refresh in March 2022 [3] Group 2 - 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 [4]