PALM BEACH GARDENS, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, has issued approximately 1.3 million shares, representing 9.9% of the Company’s outstanding common stock, at $11.65 per share for gross proceeds of $15.0 million to an affiliate of Booker Smith, a newly appointed director of Great Elm Group, Inc., with extensive experience in corporate credit and real estate investing.
Related Questions
How will the $15 million equity raise and resulting 9.9% dilution affect GECC's net asset value (NAV) and earnings per share?
What is the strategic purpose of the investment from Booker Smith’s affiliate, and does it signal a shift in GECC’s investment focus or management?
How does this capital raise compare to recent equity issuances by peer BDCs in terms of size, pricing, and market reaction?