Great Elm Capital Corp. (鈥淕ECC鈥�) Raises $15.0 Million of Equity
Great Elm Capital Corp. (NASDAQ: GECC) has successfully raised $15.0 million through an equity offering of approximately 1.3 million shares at $11.65 per share. The shares, representing 9.9% of GECC's outstanding common stock, were issued to an affiliate of Booker Smith, a newly appointed director of Great Elm Group with expertise in corporate credit and real estate investing.
This equity raise is part of GECC's broader capital strategy, having secured nearly $30 million in equity at net asset value over the past 12 months. The additional capital will support the company's investment strategy focused on debt instruments, income-producing equity, and specialty finance businesses, while strengthening its balance sheet and operational scale.
Great Elm Capital Corp. (NASDAQ: GECC) ha raccolto con successo 15,0 milioni di dollari attraverso un collocamento di capitale di circa 1,3 milioni di azioni a 11,65 dollari per azione. Le azioni, pari al 9,9% dell'azionariato ordinario in circolazione di GECC, sono state emesse a un'affiliata di Booker Smith, neo-nominato consigliere del Great Elm Group con esperienza nel credito societario e negli investimenti immobiliari.
Questa raccolta di capitale rientra nella strategia finanziaria pi霉 ampia di GECC, che negli ultimi 12 mesi ha ottenuto quasi 30 milioni di dollari in capitale al valore patrimoniale netto. Il capitale aggiuntivo sosterr脿 la strategia di investimento della societ脿, focalizzata su strumenti di debito, partecipazioni produttive di reddito e attivit脿 di finanza specializzata, rafforzando al contempo il bilancio e la scala operativa.
Great Elm Capital Corp. (NASDAQ: GECC) ha conseguido con 茅xito 15,0 millones de d贸lares mediante una colocaci贸n de acciones de aproximadamente 1,3 millones de t铆tulos a 11,65 d贸lares por acci贸n. Las acciones, que representan el 9,9% del capital social ordinario en circulaci贸n de GECC, se emitieron a una filial de Booker Smith, un director reci茅n nombrado de Great Elm Group con experiencia en cr茅dito corporativo e inversi贸n inmobiliaria.
Esta ampliaci贸n de capital forma parte de la estrategia de financiaci贸n m谩s amplia de GECC, que en los 煤ltimos 12 meses ha captado cerca de 30 millones de d贸lares en capital al valor neto de los activos. El capital adicional respaldar谩 la estrategia de inversi贸n de la compa帽铆a, centrada en instrumentos de deuda, participaciones generadoras de ingresos y negocios de finanzas especializadas, al tiempo que fortalece su balance y su escala operativa.
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Great Elm Capital Corp. (NASDAQ: GECC) a r茅ussi 脿 lever 15,0 millions de dollars via une 茅mission d'actions d'environ 1,3 million d'actions 脿 11,65 dollars par action. Les actions, repr茅sentant 9,9 % du capital social ordinaire en circulation de GECC, ont 茅t茅 茅mises 脿 une filiale de Booker Smith, r茅cemment nomm茅 administrateur du Great Elm Group, sp茅cialiste du cr茅dit d'entreprise et de l'investissement immobilier.
Cette lev茅e de fonds s'inscrit dans la strat茅gie de capital plus large de GECC, qui a obtenu pr猫s de 30 millions de dollars de capitaux propres 脿 la valeur d'actif nette au cours des 12 derniers mois. Les capitaux suppl茅mentaires soutiendront la strat茅gie d'investissement de la soci茅t茅, ax茅e sur les instruments de dette, les participations g茅n茅ratrices de revenus et les activit茅s de financement sp茅cialis茅, tout en renfor莽ant son bilan et sa taille op茅rationnelle.
Great Elm Capital Corp. (NASDAQ: GECC) hat erfolgreich 15,0 Mio. USD durch eine Kapitalerh枚hung von rund 1,3 Millionen Aktien zu je 11,65 USD aufgenommen. Die Aktien, die 9,9 % des ausstehenden Stammkapitals von GECC ausmachen, wurden an eine Tochtergesellschaft von Booker Smith ausgegeben, der k眉rzlich als Direktor der Great Elm Group berufen wurde und 眉ber Fachkenntnisse im Bereich Unternehmensanleihen und Immobilieninvestments verf眉gt.
Diese Kapitalaufnahme ist Teil der umfassenderen Kapitalstrategie von GECC; in den letzten 12 Monaten wurden bereits nahezu 30 Mio. USD Eigenkapital zum Nettoinventarwert beschafft. Das zus盲tzliche Kapital soll die Anlagestrategie des Unternehmens unterst眉tzen, die sich auf Fremdkapitalinstrumente, ertragsbringende Beteiligungen und Spezialfinanzgesch盲fte konzentriert, und zugleich Bilanz und operative Gr枚脽e st盲rken.
- Raised $15.0 million in equity capital at $11.65 per share
- Successfully raised nearly $30 million in equity at NAV over past 12 months
- Strategic investment from experienced corporate credit and real estate investor
- Additional capital provides leverage for new investment opportunities
- 9.9% dilution of existing shareholders' ownership
PALM BEACH GARDENS, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the 鈥淐ompany鈥� or 鈥淕ECC鈥�), (NASDAQ: GECC), a business development company, has issued approximately 1.3 million shares, representing
This transaction marks the latest step in GECC鈥檚 ongoing growth trajectory. Over the past 12 months, GECC has raised nearly
鈥淭his capital raise provides GECC with additional capital that can be leveraged to pursue attractive investment opportunities in today鈥檚 markets,鈥� said Matt Kaplan, GECC鈥檚 Chief Executive Officer. 鈥淚t is also a clear vote of confidence in the Company鈥檚 turnaround, which began in March 2022, and in the strength of the platform we have built.鈥�
The additional capital bolsters GECC鈥檚 ability to execute on its investment strategy, which is focused on generating sustainable income and total return through investments in debt instruments, income-producing equity, and specialty finance businesses. The transaction underscores the alignment and support from long-term institutional investors who recognize the progress GECC has made over the past three years.
About Great Elm Capital Corp.
GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses and CLOs.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this communication that are not historical facts are 鈥渇orward-looking鈥� statements within the meaning of the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渆stimate,鈥� 鈥渄esigned,鈥� 鈥渟eek,鈥� 鈥渃ontinue,鈥� 鈥渦pside,鈥� 鈥減otential鈥� and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are: conditions in the credit markets, rising interest rates, inflationary pressure, the price of GECC common stock and the performance of GECC鈥檚 portfolio and investment manager. Information concerning these and other factors can be found in GECC鈥檚 Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission. GECC assumes no obligation to, and expressly disclaims any duty to, update any forward-looking statements contained in this communication or to conform prior statements to actual results or revised expectations except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
This press release does not constitute an offer of any securities for sale.
Media & Investor Contact:
Investor Relations
Source: Great Elm Capital Corp.
FAQ
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