Great Elm Capital Corp. Raises $13.2 Million Through Issuance of 1.1 Million Shares at $12.06 Each
Great Elm Capital Corp. Raises $13.2 Million Through Issuance of 1.1 Million Shares at $12.06 Each
The recent equity offering raised an aggregate gross purchase price of $13.2 million.Great Elm Capital Corp. issued 1.1 million shares, raising $13.2 million to strengthen its investment platform and growth.
Great Elm Capital Corp. 发布了110万股，筹集了1320万美元，以加强其投资平台和增长。
Quiver AI Summary
Quiver AI 概要
Great Elm Capital Corp. (GECC), a business development company based in Palm Beach Gardens, Florida, announced the issuance of approximately 1.1 million shares of its common stock at a net asset value of $12.06 per share, totaling $13.2 million, to Summit Grove Partners, LLC. Additionally, Great Elm Group, Inc. invested $3.3 million in SGP, further aligning interests with shareholders. CEO Matt Kaplan highlighted that the company has raised nearly $50 million in equity year-to-date, which strengthens its growth platform and expands its portfolio since the management refresh in March 2022. Jason Reese, CEO of GEG, expressed commitment to enhancing GECC's credit platform. GECC focuses on generating income and capital appreciation through various investments, including debt and equity securities. The release also includes caution about forward-looking statements, which involve risks and uncertainties.
Great Elm Capital Corp. (GECC) 是一家位于佛罗里达州棕榈滩花园的业务发展公司，宣布以每股净资产价值12.06美元发行大约110万股其普通股，合计1320万美元，向Summit Grove Partners, LLC发行。此外，Great Elm Group, Inc. 向SGP投资了330万美元，进一步使利益与股东保持一致。首席执行官Matt Kaplan强调，该公司截至目前已筹集近5000万美元的股本，这加强了其增长平台并扩大了其投资组合，自2022年3月管理层变更以来。GEG的首席执行官Jason Reese表示，致力于提升GECC的信用平台。GECC专注于通过各种投资（包括债务和股权证券）来产生收入和资本增值。公告还包含了对前瞻性陈述的谨慎说明，涉及风险和不确定性。
Potential Positives
潜在的积极因素
- The issuance of approximately 1.1 million shares at a net asset value of $12.06 per share demonstrates confidence in the company's valuation and provides a significant capital inflow of $13.2 million.
- Great Elm Group, Inc.'s investment of $3.3 million in Summit Grove Partners aligns the interests of the investment manager with those of the shareholders, fostering a collaborative growth environment.
- The announcement highlights that the company has successfully raised nearly $50 million of equity at net asset value year-to-date, reinforcing its financial position for future growth.
- Since the management refresh in March 2022, the company has nearly doubled its gross net asset value, signaling effective leadership and strategic direction that delivers value to shareholders.
- 大约110万股的发行，每股净资产价值12.06美元，表明对公司估值的信心，并提供了1320万美元的显著资本流入。
- Great Elm Group, Inc. 在Summit Grove Partners的330万美元投资使投资经理与股东的利益保持一致，促进了合作的增长环境。
- 公告强调，该公司截至目前成功筹集了近5000万美元的股本，净资产价值巩固了其未来增长的财务状况。
- 自2022年3月管理层变更以来，公司净资产总值几乎翻了一番，表明领导层的有效性和战略方向为股东创造了价值。
Potential Negatives
潜在负面因素
- The issuance of approximately 1.1 million shares could lead to dilution of existing shareholders' equity, potentially affecting share value negatively.
- The company's reliance on raising nearly $50 million of equity at net asset value may signal difficulty in generating returns through its core operations, raising concerns about its financial performance.
- Forward-looking statements in the release indicate exposure to various risks, including those related to credit markets and rising interest rates, which could adversely impact the company's future performance.
- 约110万股的发行可能导致现有股东权益的稀释，可能对股价产生负面影响。
- 该公司依赖以净资产价值募集近5000万的股权，可能暗示其在核心业务中生成回报的困难，令其财务表现引发担忧。
- 发布中的前瞻性声明表明，面临各种风险，包括与信用市场和上升的利率期货相关的风险，这可能对公司的未来表现产生不利影响。
FAQ
常见问题
What shares has Great Elm Capital Corp. recently issued?
Great Elm Capital CORP. 最近发行了什么股份？
Great Elm Capital Corp. issued approximately 1.1 million shares of its common stock at a net asset value of $12.06 per share.
Great Elm Capital CORP. 以每股$12.06的净资产价值发行了大约110万股普通股。
How much was raised in the recent equity offering?
最近的股权发行筹集了多少钱？
The recent equity offering raised an aggregate gross purchase price of $13.2 million.
最近的股权发行总共筹集了1320万美元。
What investment did Great Elm Group, Inc. make?
Great Elm Group, Inc. 做了什么投资？
Great Elm Group, Inc. made a $3.3 million investment in Summit Grove Partners, LLC to align with shareholders.
Great Elm Group, Inc. 向 Summit Grove Partners, LLC 投资了330万美元，以与股东保持一致。
How much equity has GECC raised year-to-date?
GECC 今年迄今已筹集了多少股权？
Great Elm Capital Corp. has raised nearly $50 million of equity at net asset value year-to-date.
Great Elm Capital Corp. 今年迄今已筹集了近5000万美元的股权，按净资产价值计算。
What is the primary focus of Great Elm Capital Corp.?
Great Elm Capital Corp. 的主要关注点是什么？
Great Elm Capital Corp. focuses on generating current income and capital appreciation through investments in debt and income-generating equity securities.
Great Elm Capital Corp. 侧重于通过投资于债务和产生收入的股权证券来产生当前收入和资本增值。
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
免责声明：这是由GlobeNewswire分发的新闻稿的人工智能生成摘要。用于总结这份稿件的模型可能会出错。请在这里查看完整发布。
$GECC Insider Trading Activity
$GECC 内部交易活动
$GECC insiders have traded $GECC stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.
$GECC 内部人士在过去 6 个月内在公开市场上交易 $GECC 股票 3 次。在这些交易中，3 次为购买，0 次为出售。
Here's a breakdown of recent trading of $GECC stock by insiders over the last 6 months:
以下是过去 6 个月内部人士对 $GECC 股票的最近交易情况：
- MATTHEW A DRAPKIN has traded it 3 times. They made 3 purchases, buying 14,099 shares and 0 sales.
- MATTHEW A DRAPKIN 已交易 3 次。他们进行了 3 次购买，购买了 14,099 股，0 次出售。
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
要跟踪内部交易，请查看Quiver Quantitative的内部交易特斯拉-仪表。
$GECC Hedge Fund Activity
$GECC 对冲基金活动
We have seen 4 institutional investors add shares of $GECC stock to their portfolio, and 9 decrease their positions in their most recent quarter.
我们看到 4 家机构投资者在其投资组合中增加了 $GECC 股票的股份，9 家在最近一个季度减少了其持仓。
Here are some of the largest recent moves:
以下是最近的一些重大变动：
- JPMORGAN CHASE & CO removed 372,495 shares (-100.0%) from their portfolio in Q3 2024
- CRUISER CAPITAL ADVISORS, LLC added 19,379 shares (+15.9%) to their portfolio in Q3 2024
- ACADIAN ASSET MANAGEMENT LLC removed 17,768 shares (-100.0%) from their portfolio in Q3 2024
- SQUAREPOINT OPS LLC added 15,003 shares (+inf%) to their portfolio in Q3 2024
- RITHOLTZ WEALTH MANAGEMENT removed 13,447 shares (-100.0%) from their portfolio in Q3 2024
- CRESTWOOD ADVISORS GROUP, LLC added 12,518 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 11,171 shares (-40.2%) from their portfolio in Q3 2024
- 摩根大通移除了372,495股（-100.0%）在他们的投资组合中，时间为2024年第3季度
- CRUISER CAPITAL ADVISORS, LLC在2024年第3季度增加了19,379股（+15.9%）到他们的投资组合中
- ACADIAN 资产管理 LLC在2024年第3季度移除了17,768股（-100.0%）在他们的投资组合中
- SQUAREPOINT OPS LLC在2024年第3季度增加了15,003股（+inf%）到他们的投资组合中
- RITHOLTZ WEALTH MANAGEMENT在2024年第3季度移除了13,447股（-100.0%）在他们的投资组合中
- CRESTWOOD ADVISORS GROUP, LLC在2024年第3季度增加了12,518股（+inf%）到他们的投资组合中
- CITADEL ADVISORS LLC在2024年第3季度移除了11,171股（-40.2%）在他们的投资组合中
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
要跟踪对冲基金的股票投资组合，请查看Quiver Quantitative的机构持有情况仪表。
Full Release
完整发布
PALM BEACH GARDENS, Fla., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ: GECC), a business development 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").
佛罗里达州棕榈滩花园，2024年12月12日（环球新闻通讯）-- Great Elm Capital Corp.（“公司”或“GECC”，纳斯达克：GECC），一家业务发展公司，宣布以每股当前净资产值12.06美元，发行大约110万股公司的普通股，总代价为1320万美元，给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.
Great Elm Group, Inc.（“GEG”）在SGP中投资了330万美元，进一步将公司的投资经理与股东进行连接。
"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."
GECC首席执行官Matt Kaplan表示：“截至目前，我们已筹集近5000万美元的股权，按净资产值计，增强了我们未来增长的平台，并扩大了我们的规模。自2022年3月管理层和董事会更新以来，我们的净资产总值几乎翻了一番，为我们的股东提供了实质性的价值，同时我们继续扩大我们的投资组合并利用我们的基础设施。”
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 expansion of GECC utilizing the templates from prior capital raises."
GEG首席执行官Jason Reese表示：“GEG仍然致力于建设和增强其信贷平台，以GECC为基础。我们很高兴支持GECC继续扩展，利用之前资本筹集的模板。”
About Great Elm Capital Corp.
GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses and CLOs.
关于Great Elm Capital Corp.
GECC是一家外部管理的业务发展公司，旨在通过投资于债务和收入产生的股权证券，包括对专业金融业务和CLOs的投资，来产生当前收入和资本增值。
Cautionary Statement Regarding Forward-Looking Statements
Statements in this communication that are not historical facts are "forward-looking" statements within the meaning of the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as "expect," "anticipate," "should," "will," "estimate," "designed," "seek," "continue," "upside," "potential" and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are: conditions in the credit markets, rising interest rates, inflationary pressure, the price of GECC common stock and the performance of GECC's portfolio and investment manager. Information concerning these and other factors can be found in GECC's Annual Report on Form 10-K and other reports filed with the Securities and Exchange Commission. GECC assumes no obligation to, and expressly disclaims any duty to, update any forward-looking statements contained in this communication or to conform prior statements to actual results or revised expectations except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
关于前瞻性声明的警示声明
本通讯中的声明，如果不是历史事实，则属于联邦证券法意义上的“前瞻性”声明。这些声明通常，但并非总是，通过使用“预期”、“预计”、“应”、“将”、“估计”、“设计”、“寻求”、“继续”、“上行”、“潜力”等词语或类似表达方式来表示。所有这些前瞻性声明都涉及估计和假设，可能面临风险、不确定性和其他因素，这些因素可能导致实际结果与声明中表达的结果明显不同。可能导致实际结果与前瞻性声明中预测结果明显不同的关键因素包括：信贷市场状况、利率上升、通货膨胀压力、GECC普通股价格以及GECC的投资组合和投资管理人的表现。有关这些因素和其他因素的信息可以在GECC的年度报告（表格10-K）和其他向证券交易委员会提交的报告中找到。GECC不承担任何义务，并明确拒绝更新本通讯中包含的任何前瞻性声明或使先前声明符合实际结果或修订预期，除非法律要求。读者应谨慎对待这些仅在此日期有效的前瞻性声明。
This press release does not constitute an offer of any securities for sale.
本新闻稿不构成任何证券销售的要约。
Media & Investor Contact:
Investor Relations
investorrelations@greatelmcap.com
媒体及投资者联系方式：
投资者关系
investorrelations@greatelmcap.com
Source: Great Elm Capital Corp.
来源：Great Elm Capital Corp.
