Great Elm Capital Corp. (GECC) has raised $15.0 million of equity by issuing approximately 1.3 million shares at $11.65 per share.
The capital raise strengthens GECC's balance sheet and supports its long-term investment strategy.
The transaction reflects confidence in GECC's turnaround and the platform it has built.
Capital Raise
GECC raised $15.0 million by issuing 1.3 million shares at $11.65 per share.
Long-Term Strategy
The raise enhances GECC's ability to pursue investment opportunities and support its growth trajectory.
Institutional Support
Long-term institutional investors demonstrate confidence in GECC's progress and strategy.
- The additional capital provides leverage for GECC to target lucrative investment opportunities.
- GECC's investment strategy focuses on generating sustainable income and total return through various financial instruments.
- The company's growth trajectory is reinforced by the successful capital raise.
GECC's recent equity raise underscores its commitment to growth and its ability to attract investor confidence. The strengthened balance sheet positions GECC for further strategic investments and growth opportunities in the market.