IPO - Great Elm Capital Corp.

Form Type: N-2

Filing Date: 2025-01-31

Corporate Action: Ipo

Type: New

Accession Number: 000119312525018449

Filing Summary: Great Elm Capital Corp. is initiating a public offering of up to 2,092,033 shares of common stock as a business development company (BDC) under the Investment Company Act of 1940. The company has filed a registration statement with the SEC, indicating an intention to sell shares on a delayed or continuous basis. The primary objectives of the offering are to generate current income and capital appreciation through various investments, including specialty finance businesses. The selling stockholders named in the prospectus will be responsible for sales, and the company will not receive proceeds from these sales. As of January 30, 2025, the last reported share price was $10.68, with a net asset value of $12.04 per share as of September 30, 2024. Investors are warned that shares may trade at a discount to their NAV, which adds risk to the investment. The document emphasizes the importance of carefully reviewing all information within the prospectus before making investment decisions.

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