Great Elm Capital Corporation (GECC) has released an update to notify the public and investors about an entry into a material definitive agreement.
Great Elm Capital Corp. has recently sold over 1.85 million shares to Great Elm Strategic Partnership I, LLC, a special purpose entity partly owned by Great Elm Group, Inc., for $24 million. These shares were priced at $12.97 each and were privately placed, bypassing the usual registration requirements, leveraging an exemption under the Securities Act of 1933. This strategic financial move is of particular interest to those tracking investment behaviors and company equity changes in the financial markets.
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For a comprehensive understanding of the announcement, you can read the full document here.
