UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On June 21, 2024, Great Elm Capital Corp. (the “Company”) entered into a Share Purchase Agreement with Prosper Peak Holdings, LLC (the “Purchaser”), pursuant to which the Purchaser purchased, and the Company issued, 997,506 shares of the Company’s common stock, par value $0.01 (the “Shares”), at a current net asset value of $12.03 per share or an aggregate purchase price of $11,999,997.
The Purchaser is a special purpose vehicle which is owned 25% by Great Elm Group, Inc. (“GEG”). Great Elm Capital Management, Inc. (“GECM”), the investment manager of the Company, is a wholly-owned subsidiary of GEG.
The Common Stock was issued in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933 (the “Securities Act”).
Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 above is incorporated by reference into this Item 3.02.
Item 8.01 Other Events.
On June 24, 2024, the Company issued a press release in connection with the issuance of the Shares. A copy of the press release is filed as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are filed herewith:
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10.1 |
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99.1 |
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104 |
The cover page of this Current Report on Form 8-K, formatted as inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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GREAT ELM CAPITAL CORP. |
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Date: June 24, 2024 |
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/s/ Keri A. Davis |
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By: |
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Keri A. Davis |
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Title: |
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Chief Financial Officer |