Woodstead purchased 4.0 million shares of Great Elm Group's common stock at $2.25 per share, generating $9.0 million in gross proceeds.
Booker Smith's affiliate purchased 1.3 million shares of Great Elm Capital Corp.'s common stock at $11.65 per share, resulting in $15.0 million in gross proceeds.
Booker Smith appointed to the Great Elm Group Board, adding expertise in credit and real estate.
Strategic Investments
Woodstead purchased 4.0 million shares of Great Elm Group, Inc. ($2.25 per share) and holds warrants for additional shares, while an affiliate of Booker Smith bought 1.3 million shares of Great Elm Capital Corp. ($11.65 per share).
New Board Member
Booker Smith joins Great Elm Group's Board of Directors, bringing substantial experience in corporate credit and real estate investing.
Earnings Release
Fiscal 2025 earnings release is scheduled after market close on September 2, 2025, with a conference call at 8:30 a.m. ET on September 3, 2025.
- The transactions provide growth capital for Great Elm Group to expand assets under management and increase profitability.
- Booker Smith's appointment enhances Great Elm's strategic priorities and aligns with long-term shareholder value creation.
- The investment in Great Elm Capital Corp. by Booker Smith's affiliate strengthens the company's balance sheet and provides capital for new investments.
The strategic investments and new board member appointment mark a significant milestone for Great Elm Group, positioning the company for growth and value creation.