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[D] Great Elm Capital. Corp. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
D
Rhea-AI Filing Summary

Great Elm Capital Corp. filed a Form D reporting a completed Regulation D equity offering of $15,028,500. The issuer, a Maryland corporation operating as a pooled investment/other investment fund, indicates it is registered as an investment company under the Investment Company Act of 1940. The offering relied on Rule 506(b) and was a new notice for a first sale on 2025-08-27. The filing shows $15,028,500 sold with $0 remaining, a minimum outside investment of $0, and that gross proceeds did not pay any named executives or directors. The filing discloses $450,855 in finders\' fees and reports one investor participated.

Great Elm Capital Corp. ha depositato un Modulo D segnalando un'offerta azionaria completata ai sensi del Regulation D per 15.028.500 USD. L'emittente, una societ脿 del Maryland che opera come fondo di investimento collettivo/altro fondo di investimento, dichiara di essere registrata come societ脿 di investimento ai sensi dell'Investment Company Act del 1940. L'offerta si 猫 fondata sulla Rule 506(b) ed 猫 stata una nuova comunicazione per una prima vendita avvenuta il 27/08/2025. Il deposito indica 15.028.500 USD venduti e 0 USD residui, un investimento esterno minimo di 0 USD e che i proventi lordi non sono stati versati a dirigenti o amministratori nominativi. Il deposito rivela 450.855 USD in commissioni per intermediari e segnala la partecipazione di un investitore.

Great Elm Capital Corp. present贸 un Formulario D informando una oferta de capital completada bajo el Regulation D por 15.028.500 USD. El emisor, una corporaci贸n de Maryland que opera como un fondo de inversi贸n agrupado/otro fondo de inversi贸n, indica que est谩 registrada como compa帽铆a de inversi贸n seg煤n el Investment Company Act de 1940. La oferta se bas贸 en la Rule 506(b) y fue una nueva notificaci贸n por una primera venta el 27/08/2025. La presentaci贸n muestra 15.028.500 USD vendidos y 0 USD restantes, una inversi贸n m铆nima externa de 0 USD, y que los ingresos brutos no se pagaron a ejecutivos o directores nombrados. La presentaci贸n revela 450.855 USD en honorarios de intermediarios e informa que particip贸 un inversor.

Great Elm Capital Corp.電� Regulation D鞐� 霐半ジ 15,028,500雼煬鞚� 歆攵� 氚滍枆鞚� 鞕勲霅橃棃鞚岇潉 氤搓碃頃橂姅 Form D毳� 鞝滌稖頄堨姷雼堧嫟. 氚滍枆鞚胳潃 歆戫暕韴瀽順�/旮绊儉 韴瀽韼霌滊 鞖挫榿霅橂姅 氅旊Υ霝滊摐 氩曥澑鞙茧, 1940雲� 韴瀽須岇偓氩�(Investment Company Act)鞐� 霐半澕 韴瀽須岇偓搿� 霌彪霅橃柎 鞛堧嫟瓿� 氇呾嫓頄堨姷雼堧嫟. 鞚措矆 瓿惦電� Rule 506(b)鞐� 攴缄卑頄堨溂氅� 2025-08-27鞐� 斓滌磮 毵り皝鞐� 雽頃� 鞁犼窚 韱奠鞓鞀惦媹雼�. 鞝滌稖靹滊電� 15,028,500雼煬臧 毵り皝霅橁碃 鞛旍棳旮堨潃 0雼煬鞚措┌, 斓滌唽 鞕鸽秬 韴瀽旮堨潃 0雼煬, 齑濎垬鞚奠潃 氇呾嫓霅� 鞛勳洂鞚措倶 鞚挫偓鞐愱矊 歆旮夒悩歆 鞎婌晿鞚岇潉 氤挫棳欷嶋媹雼�. 鞝滌稖靹滊姅 霕愴暅 欷戧皽靾橃垬耄岆 450,855雼煬臧 氚滌儩頄堨溂氅� 1氇呾潣 韴瀽鞛�臧 彀胳棳頄堨潓鞚� 氤搓碃頃╇媹雼�.

Great Elm Capital Corp. a d茅pos茅 un Formulaire D signalant une offre en actions conclue en vertu du Regulation D pour 15 028 500 USD. L'茅metteur, une soci茅t茅 du Maryland op茅rant comme fonds d'investissement mutualis茅/autre fonds d'investissement, indique 锚tre enregistr茅e en tant que soci茅t茅 d'investissement en vertu de l'Investment Company Act de 1940. L'offre s'est appuy茅e sur la Rule 506(b) et constituait un nouvel avis pour une premi猫re vente le 27/08/2025. le d茅p么t indique 15 028 500 USD vendus et 0 USD restants, un investissement externe minimum de 0 USD, et que les produits bruts n'ont pas 茅t茅 vers茅s 脿 des dirigeants ou administrateurs nomm茅s. Le d茅p么t divulgue 450 855 USD de frais d'apporteurs et signale la participation de un investisseur.

Great Elm Capital Corp. reichte ein Formular D ein und meldete ein abgeschlossenes Regulation-D-Eigenkapitalangebot in H枚he von 15.028.500 USD. Der Emittent, eine Gesellschaft aus Maryland, die als gepoolter Investment-/anderer Investmentfonds t盲tig ist, gibt an, gem盲脽 dem Investment Company Act von 1940 als Investmentgesellschaft registriert zu sein. Das Angebot beruhte auf Rule 506(b) und war eine neue Meldung f眉r einen Erstverkauf am 27.08.2025. Die Einreichung weist 15.028.500 USD verkauft und 0 USD verbleibend aus, ein minimales externes Investment von 0 USD, und dass die Bruttoerl枚se nicht an namentlich genannte F眉hrungskr盲fte oder Direktoren gezahlt wurden. Die Meldung offenbart 450.855 USD an Vermittlungsgeb眉hren und berichtet von der Teilnahme von einem Investor.

Positive
  • Offering fully sold for $15,028,500
  • No proceeds paid to named executives, directors, or promoters
  • Filing relied on Rule 506(b), a common Regulation D exemption
Negative
  • $450,855 in finders\' fees
  • Concentration risk: filing reports only 1 investor to date

Insights

TL;DR: Completed $15.0M Rule 506(b) equity offering, fully subscribed; sizable finders\' fees and concentration of investment are notable.

The issuer executed a $15,028,500 equity raise under Rule 506(b) and reports the offering is fully sold. For investors, the key financial facts are the total offering amount, the fact that no proceeds were paid to named insiders, and the disclosed $450,855 of finders\' fees which reduces net proceeds. The filing also reports a single investor to date, indicating concentration risk in the subscription base. The company identifies itself as an Investment Company under the 1940 Act, consistent with its pooled fund classification.

TL;DR: Routine Form D filing with full subscription; governance attention warranted for high finder\'s fees and investor concentration.

The Form D provides standard disclosure of principals and officers, including the Chief Compliance Officer\'s signature. The filing states no proceeds were used to pay executive officers or directors, which is favorable. However, the disclosure of $450,855 in finders\' fees and only one reported investor raise governance and disclosure questions about fee reasonableness and investor concentration, which should be documented in offering materials and board records.

Great Elm Capital Corp. ha depositato un Modulo D segnalando un'offerta azionaria completata ai sensi del Regulation D per 15.028.500 USD. L'emittente, una societ脿 del Maryland che opera come fondo di investimento collettivo/altro fondo di investimento, dichiara di essere registrata come societ脿 di investimento ai sensi dell'Investment Company Act del 1940. L'offerta si 猫 fondata sulla Rule 506(b) ed 猫 stata una nuova comunicazione per una prima vendita avvenuta il 27/08/2025. Il deposito indica 15.028.500 USD venduti e 0 USD residui, un investimento esterno minimo di 0 USD e che i proventi lordi non sono stati versati a dirigenti o amministratori nominativi. Il deposito rivela 450.855 USD in commissioni per intermediari e segnala la partecipazione di un investitore.

Great Elm Capital Corp. present贸 un Formulario D informando una oferta de capital completada bajo el Regulation D por 15.028.500 USD. El emisor, una corporaci贸n de Maryland que opera como un fondo de inversi贸n agrupado/otro fondo de inversi贸n, indica que est谩 registrada como compa帽铆a de inversi贸n seg煤n el Investment Company Act de 1940. La oferta se bas贸 en la Rule 506(b) y fue una nueva notificaci贸n por una primera venta el 27/08/2025. La presentaci贸n muestra 15.028.500 USD vendidos y 0 USD restantes, una inversi贸n m铆nima externa de 0 USD, y que los ingresos brutos no se pagaron a ejecutivos o directores nombrados. La presentaci贸n revela 450.855 USD en honorarios de intermediarios e informa que particip贸 un inversor.

Great Elm Capital Corp.電� Regulation D鞐� 霐半ジ 15,028,500雼煬鞚� 歆攵� 氚滍枆鞚� 鞕勲霅橃棃鞚岇潉 氤搓碃頃橂姅 Form D毳� 鞝滌稖頄堨姷雼堧嫟. 氚滍枆鞚胳潃 歆戫暕韴瀽順�/旮绊儉 韴瀽韼霌滊 鞖挫榿霅橂姅 氅旊Υ霝滊摐 氩曥澑鞙茧, 1940雲� 韴瀽須岇偓氩�(Investment Company Act)鞐� 霐半澕 韴瀽須岇偓搿� 霌彪霅橃柎 鞛堧嫟瓿� 氇呾嫓頄堨姷雼堧嫟. 鞚措矆 瓿惦電� Rule 506(b)鞐� 攴缄卑頄堨溂氅� 2025-08-27鞐� 斓滌磮 毵り皝鞐� 雽頃� 鞁犼窚 韱奠鞓鞀惦媹雼�. 鞝滌稖靹滊電� 15,028,500雼煬臧 毵り皝霅橁碃 鞛旍棳旮堨潃 0雼煬鞚措┌, 斓滌唽 鞕鸽秬 韴瀽旮堨潃 0雼煬, 齑濎垬鞚奠潃 氇呾嫓霅� 鞛勳洂鞚措倶 鞚挫偓鞐愱矊 歆旮夒悩歆 鞎婌晿鞚岇潉 氤挫棳欷嶋媹雼�. 鞝滌稖靹滊姅 霕愴暅 欷戧皽靾橃垬耄岆 450,855雼煬臧 氚滌儩頄堨溂氅� 1氇呾潣 韴瀽鞛�臧 彀胳棳頄堨潓鞚� 氤搓碃頃╇媹雼�.

Great Elm Capital Corp. a d茅pos茅 un Formulaire D signalant une offre en actions conclue en vertu du Regulation D pour 15 028 500 USD. L'茅metteur, une soci茅t茅 du Maryland op茅rant comme fonds d'investissement mutualis茅/autre fonds d'investissement, indique 锚tre enregistr茅e en tant que soci茅t茅 d'investissement en vertu de l'Investment Company Act de 1940. L'offre s'est appuy茅e sur la Rule 506(b) et constituait un nouvel avis pour une premi猫re vente le 27/08/2025. le d茅p么t indique 15 028 500 USD vendus et 0 USD restants, un investissement externe minimum de 0 USD, et que les produits bruts n'ont pas 茅t茅 vers茅s 脿 des dirigeants ou administrateurs nomm茅s. Le d茅p么t divulgue 450 855 USD de frais d'apporteurs et signale la participation de un investisseur.

Great Elm Capital Corp. reichte ein Formular D ein und meldete ein abgeschlossenes Regulation-D-Eigenkapitalangebot in H枚he von 15.028.500 USD. Der Emittent, eine Gesellschaft aus Maryland, die als gepoolter Investment-/anderer Investmentfonds t盲tig ist, gibt an, gem盲脽 dem Investment Company Act von 1940 als Investmentgesellschaft registriert zu sein. Das Angebot beruhte auf Rule 506(b) und war eine neue Meldung f眉r einen Erstverkauf am 27.08.2025. Die Einreichung weist 15.028.500 USD verkauft und 0 USD verbleibend aus, ein minimales externes Investment von 0 USD, und dass die Bruttoerl枚se nicht an namentlich genannte F眉hrungskr盲fte oder Direktoren gezahlt wurden. Die Meldung offenbart 450.855 USD an Vermittlungsgeb眉hren und berichtet von der Teilnahme von einem Investor.

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities

OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0001675033
X Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other (Specify)

Name of Issuer
Great Elm Capital Corp.
Jurisdiction of Incorporation/Organization
MARYLAND
Year of Incorporation/Organization
X Over Five Years Ago
Within Last Five Years (Specify Year)
Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
Great Elm Capital Corp.
Street Address 1 Street Address 2
3801 PGA BOULEVARD SUITE 603
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
PALM BEACH GARDENS FLORIDA 33410 617-375-3006

3. Related Persons

Last Name First Name Middle Name
Cohen Richard
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Drapkin Matthew
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Falk Erik
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Kuperschmid Mark
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Perry Chad
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: Executive Officer X Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Kaplan Matt
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Davis Keri
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):


Last Name First Name Middle Name
Kleinman Adam
Street Address 1 Street Address 2
3801 PGA Boulevard SUITE 603
City State/Province/Country ZIP/PostalCode
Palm Beach Gardens FLORIDA 33410
Relationship: X Executive Officer Director Promoter

Clarification of Response (if Necessary):


4. Industry Group

Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
X Pooled Investment Fund
Hedge Fund
Private Equity Fund
Venture Capital Fund
X Other Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
Yes X No
Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy
Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care
Manufacturing
AG真人官方 Estate
Commercial
Construction
REITS & Finance
Residential
Other AG真人官方 Estate
Retailing
Restaurants
Technology
Computers
Telecommunications
Other Technology
Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 X Over $100,000,000
Decline to Disclose Decline to Disclose
Not Applicable Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

Rule 504(b)(1) (not (i), (ii) or (iii))
Rule 504 (b)(1)(i)
Rule 504 (b)(1)(ii)
Rule 504 (b)(1)(iii)
X Rule 506(b)
Rule 506(c)
Securities Act Section 4(a)(5)
Investment Company Act Section 3(c)
Section 3(c)(1) Section 3(c)(9)
Section 3(c)(2) Section 3(c)(10)
Section 3(c)(3) Section 3(c)(11)
Section 3(c)(4) Section 3(c)(12)
Section 3(c)(5) Section 3(c)(13)
Section 3(c)(6) Section 3(c)(14)
Section 3(c)(7)

7. Type of Filing

X New Notice Date of First Sale 2025-08-27 First Sale Yet to Occur
Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity Pooled Investment Fund Interests
Debt Tenant-in-Common Securities
Option, Warrant or Other Right to Acquire Another Security Mineral Property Securities
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $0 USD

12. Sales Compensation

Recipient
Recipient CRD Number None
Imperial Capital, LLC 000043744
(Associated) Broker or Dealer X None
(Associated) Broker or Dealer CRD Number X None
None None
Street Address 1 Street Address 2
10100 Santa Monica Blvd, Suite 2400
City State/Province/Country ZIP/Postal Code
Los Angeles CALIFORNIA 90067
State(s) of Solicitation (select all that apply)
Check "All States" or check individual States
All States
Foreign/non-US
NEW JERSEY

13. Offering and Sales Amounts

Total Offering Amount $15,028,500 USD
or Indefinite
Total Amount Sold $15,028,500 USD
Total Remaining to be Sold $0 USD
or Indefinite

Clarification of Response (if Necessary):

14. Investors

Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
1

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $0 USD
Estimate
Finders' Fees $450,855 USD
Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
Great Elm Capital Corp. /s/ Adam M. Kleinman Adam M. Kleinman Chief Compliance Officer and Secretary 2025-08-28

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.


FAQ

What amount did Great Elm Capital Corp. (GECC) raise in the Form D offering?

Great Elm Capital Corp. raised $15,028,500 and the filing reports $0 remaining to be sold.

Which exemption did GECC use for the offering?

The offering relied on Rule 506(b) of Regulation D as disclosed in the filing.

Were any named executives or directors paid from the offering proceeds?

No; the filing states $0 of the gross proceeds were used for payments to listed officers, directors, or promoters.

How much was paid in finders' fees for the offering?

$450,855 is reported as finders' fees in the Form D.

How many investors participated in the offering?

The filing reports 1 investor has invested in the offering.

Is Great Elm Capital Corp. registered as an investment company?

Yes; the filing indicates the issuer is registered under the Investment Company Act of 1940.
Great Elm Capital Corp

NASDAQ:GECC

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130.14M
7.46M
47.48%
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0.39%
Asset Management
Financial Services
United States
PALM BEACH GARDENS