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Great Elm Capital Issues ~1.1M Shares Of The Co's Common Stock At A Current Net Asset Value Of $12.06 Per Share, For An Aggregate Gross Purchase Price Of $13.2M, To Summit Grove Partners

Author: Benzinga Newsdesk | December 12, 2024 09:04am

Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, announced it issued approximately 1.1 million shares of the Company's common stock at a current net asset value of $12.06 per share, for an aggregate gross purchase price of $13.2 million, to Summit Grove Partners, LLC ("SGP").

Great Elm Group, Inc. ("GEG") made a $3.3 million investment in SGP, further aligning the Company's investment manager with shareholders.

Posted In: GECC


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