Business Context and Reporting Period
This Form 8-K filing by Great Elm Capital Corp. (GECC) reports a current event dated October 1, 2025, with the report filed on October 2, 2025. The Company is a Maryland corporation with principal executive offices in Palm Beach Gardens, Florida.
Key Financial Metrics
The filing details a specific capital raising event rather than periodic financial performance metrics.
- Transaction Type: Exercise of an over-allotment option on a debt offering.
- Instrument: 7.75% Notes due 2030 (Trading Symbol: GECCG).
- Principal Amount Issued: $7,500,000.
- Net Proceeds: Approximately $7.3 million.
- Closing Date: October 2, 2025.
The filing text does not provide clear values for revenue, profit, cash flow, margins, total debt, or liquidity ratios for the reporting period.
Material Changes
The material change reported is the full exercise of the underwriters' over-allotment option related to the $50,000,000 offering of 7.75% Notes due 2030 originally announced on September 4, 2025. This action increased the total principal amount of the Notes issued in this series.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard disclosure of the debt issuance. The transaction was executed with Lucid Capital Markets, LLC as the representative of the underwriters.
Investor Verification Checklist
- Verify the total outstanding principal of the 7.75% Notes due 2030 following the $7.5 million over-allotment.
- Confirm the use of the approximately $7.3 million in net proceeds as disclosed in subsequent filings.
- Review the full Underwriting Agreement (referenced in the filing) for covenants and redemption terms.
- Check the Company's total leverage ratio post-transaction to assess impact on liquidity.