Erik Zwick

Eric Zwick

Mickey Schleien

Mitchel Penn

- Great Elm Capital Corp. (GECC) raised **$15.0 million** in gross proceeds by issuing approximately **1.3 million shares** of common stock at **$11.65 per share**.  **[1675033_0000950103-25-010785_dp233518_ex9901.htm:0]** 
- The shares, representing **9.9%** of the Company's outstanding common stock, were purchased by Poor Richard LLC, an affiliate of **Booker Smith**, a newly appointed director of Great Elm Group, Inc..  **[1675033_0000950103-25-010785_dp233518_ex9901.htm:0]** **[1675033_0000950103-25-010785_dp233518_8k.htm:1]** 
- This transaction is part of GECC's ongoing growth, contributing to the nearly **$30 million** of equity raised at net asset value over the past 12 months.  **[1675033_0000950103-25-010785_dp233518_ex9901.htm:0]** 
- The capital raise strengthens GECC's balance sheet, provides additional scale, and bolsters its ability to pursue attractive investment opportunities, underscoring confidence in the Company's turnaround that began in March 2022.  **[1675033_0000950103-25-010785_dp233518_ex9901.htm:0]**

Great Elm Capital (GECC)