Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value [Yahoo! Finance]
Great Elm Group, Inc. (GEG)
Company Research
Source: Yahoo! Finance
company, today announced it issued approximately 1.0 million shares of the Company's common stock at a current net asset value of $12.03 per share, for an aggregate gross purchase price of $12 million, to Prosper Peak Holdings, LLC (“PPH”). Great Elm Group, Inc. (“GEG”), the parent of the Company's investment manager, made a $3 million investment in PPH, further aligning it with shareholders. “We have raised $38 million of non-dilutive equity year-to-date, bolstering our efforts to expand the platform,” said Matt Kaplan, GECC's Chief Executive Officer. “Our gross net asset value by dollars has grown by nearly 80% since management and the board were refreshed in March 2022, benefiting our shareholders as we leverage our infrastructure and build out our portfolio verticals.” Jason Reese, GEG's Chief Executive Officer, said, “GEG is committed to supporting and expanding its credit platform, anchored by GECC. We are excited to announce our participation in Prosper Peak, which will f
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GEG
News
- Great Elm Group Third Quarter 2024 Earnings: US$0.10 loss per share (vs US$0.016 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Great Elm Group Reports Fiscal 2024 Third Quarter Financial ResultsGlobeNewswire
- Great Elm Capital (GECC) Lags Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
GEG
Sec Filings
- 5/23/24 - Form 4
- 5/23/24 - Form 4
- 5/21/24 - Form 4
- GEG's page on the SEC website