Great Elm Capital Corp. (“GECC”) Raises $13.2 Million of Equity at Net Asset Value [Yahoo! Finance]
Great Elm Group, Inc. (GEG)
Company Research
Source: Yahoo! Finance
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. “We have raised nearly $50 million of equity at net asset value year-to-date, strengthening our platform for future growth and expanding our scale,” said Matt Kaplan, GECC's Chief Executive Officer. “Since the refresh of management and the board in March 2022, we have nearly doubled our gross net asset value, delivering meaningful value to our shareholders as we continue to expand our portfolio and leverage our infrastructure.” Jason Reese, GEG's Chief Executive Officer, said, “GEG remains committed to building and enhancing its credit platform, anchored by GECC. We are excited to support the continued expansio
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GEG
Sec Filings
- 12/10/24 - Form SC
- 12/10/24 - Form 3
- 12/4/24 - Form 8-K
- GEG's page on the SEC website