Great Elm Capital raises $12M of equity at net asset value

Great Elm Capital Corp. 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. Great Elm Group, the parent of the Company’s investment manager, made a $3 million investment in PPH, further aligning it with shareholders.