Great Elm Capital (GECC) issued approximately 1.1M 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 $13.2M, to Summit Grove Partners. Great Elm Group made a $3.3M investment in SGP, further aligning the Company’s investment manager with shareholders.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GECC: