Great Elm Capital Corp. Raises $15 Million, Bolstering Its Growth Trajectory

Strategic Insights -

Great Elm Capital Corp., 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. This transaction marks the latest step in GECC's ongoing growth trajectory. Over the past 12 months, GECC has raised nearly $30 million of equity at net asset value, strengthening the Company's balance sheet and providing additional scale to support its long-term investment strategy.

Key Takeaways:

  • The transaction provides GECC with additional capital to leverage in pursuing investment opportunities in today's markets, with the ability to execute on its investment strategy focused on generating sustainable income and total return through investments in debt instruments, income-producing equity, and specialty finance businesses.
  • The capital raise bolsters GECC's 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 additional capital is also a clear vote of confidence in the Company's turnaround, which began in March 2022, and in the strength of the platform it has built.
  • Matt Kaplan, GECC's Chief Executive Officer, stated that this capital raise provides GECC with additional capital that can be leveraged to pursue attractive investment opportunities in today's markets.
  • The transaction underscores the alignment and support from long-term institutional investors who recognize the progress GECC has made over the past three years.
  • The Company's business development strategy is focused on investing in debt and income-generating equity securities, including investments in specialty finance businesses and CLOs.
  • The capital raise strengthens the Company's balance sheet, providing additional scale to support its long-term investment strategy.

Statistics:

  • GECC has raised nearly $30 million of equity at net asset value over the past 12 months.
  • The Company issued approximately 1.3 million shares, representing 9.9% of the Company's outstanding common stock.
  • The shares were issued at $11.65 per share for gross proceeds of $15.0 million.
  • The transaction bolsters GECC's ability to execute on its investment strategy, focused on generating sustainable income and total return through investments in debt instruments, income-producing equity, and specialty finance businesses.

Sources:

  • GlobeNewswire (MIL-OSI) PALM BEACH GARDENS, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE)
  • Great Elm Capital Corp. - Investor Relations investorrelations@greatelmcap.com
  • The MIL Network (http://milnz.co.nz/mil-osi-aggregation/) - Copyright 2025 Multimedia Investments Ltd, distributed by Contify.com