12:07 PM EST, 12/12/2024 (MT Newswires) -- Great Elm Capital ( GECC ) said Thursday it raised $13.2 million through the issuance of about 1.1 million common shares to Summit Grove Partners at the current net asset value of $12.06 per share.

So far this year, the company has raised nearly $50 million of equity at net asset value, Chief Executive Matt Kaplan said.

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