# EDGAR Filing Document

**Accession Number:** 0001675033
**File Stem:** 0000950103-25-010993
**Filing Date:** 2025-8
**Character Count:** 17610
**Document Hash:** f9a9698269c26759f430a6f5ff099492
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-010993.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000950103-25-010993

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250829

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Great Elm Capital Corp.
- **CENTRAL INDEX KEY:** 0001675033

**ORGANIZATION NAME:**
- **EIN:** 812621577
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 814-01211
- **FILM NUMBER:** 251281408

**BUSINESS ADDRESS:**
- **STREET 1:** 3801 PGA BOULEVARD
- **STREET 2:** SUITE 603
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410
- **BUSINESS PHONE:** 617-375-3006

**MAIL ADDRESS:**
- **STREET 1:** 3801 PGA BOULEVARD
- **STREET 2:** SUITE 603
- **CITY:** PALM BEACH GARDENS
- **STATE:** FL
- **ZIP:** 33410

?xml version='1.0' encoding='ASCII'?

____________________________

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

____________________________

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): August 29, 2025**

____________________________

**Great Elm Capital Corp.**

**(Exact name of Registrant as Specified in Its Charter)**

____________________________

---

| | | |
|:---|:---|:---|
| **Maryland**<br> **(State or Other Jurisdiction**<br> **of Incorporation)** | **814-01211**<br> **(Commission File Number)** | **81-2621577**<br> **(IRS Employer**<br> **Identification No.)** |
| **3801 PGA Blvd., Suite 603**<br> **Palm Beach Gardens, Florida**<br> **(Address of Principal Executive Offices)** |  | **33410**<br> **(Zip Code)** |

---

____________________________

**Registrant's Telephone Number, Including Area Code: (617) 375-3006**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
|  **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common stock, $0.01 par value** | **GECC** | **Nasdaq Global Market** |
| **5.875% Notes due 2026** | **GECCO** | **Nasdaq Global Market** |
| **8.75% Notes due 2028** | **GECCZ** | **Nasdaq Global Market** |
| **8.50% Notes due 2029** | **GECCI** | **Nasdaq Global Market** |
| **8.125% Notes due 2029** | **GECCH** | **Nasdaq Global Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

Item 8.01 Other Events

On August 29, 2025, Great Elm Capital Corp. (the "Company") caused (i) a notice (the "First Notice") to be issued to the holders of its 8.75% Notes due 2028 (CUSIP No. 390320 802; NASDAQ: GECCZ) (the "Notes") regarding the Company's exercise of its option to redeem $30 million aggregate principal amount of the issued and outstanding Notes on September 30, 2025 (the "First Redemption Date"), pursuant to Section 1104 of the Indenture, dated as of September 18, 2017 (the "Base Indenture"), by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee (the "Trustee"), and Section 1.01(h) of the Fifth Supplemental Indenture, dated as of August 16, 2023 (the "Fifth Supplemental Indenture"), by and between the Company and the Trustee and (ii) a notice (the "Second Notice") to be issued to holders of the Notes regarding the Company's exercise of its conditional option to redeem an additional $10 million aggregate principal amount of the issued and outstanding Notes on September 30, 2025 (the "Second Redemption Date", together with the First Redemption Date, the "Redemption Dates"), pursuant to Section 1104 of the Base Indenture and Section 1.01(h) of the Fifth Supplemental Indenture. The Second Notice is subject to the condition precedent that the Company completes one or more financing transactions that generate net proceeds of at least $10 million (the "Financing Transactions") prior to the Second Redemption Date. At the Company's discretion, the Second Redemption Date may be delayed until such time (including more than 60 days after the date of the conditional notices to the holder of the Notes) as the Financing Transactions have been completed, or the redemption of the Notes to be redeemed pursuant to the Second Notice may not occur and the notices to the holders of such Notes may be rescinded if the Financing Transactions are not completed by the Second Redemption Date or by the date to which the Second Redemption Date is delayed. Pursuant to both the First Notice and the Second Notice, the Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest thereon, if any, through, but excluding, the applicable Redemption Date. Interest is payable on the Notes quarterly on March 31, June 30, September 30 and December 31 of each year, and the next scheduled Interest Payment Date for the Notes is the Redemption Date. Accrued and unpaid interest on the Notes from June 30, 2025 to September 30, 2025 will be paid to the persons in whose name the Notes are registered at the close of business on September 15, 2025, which is the Regular Record Date for such interest payment. As such, the Company does not expect there to be any accrued and unpaid interest on the Notes as of September 30, 2025. If any holders purchase the Notes after September 15, 2025 and before September 30, 2025, they will not be entitled to receive any accrued and unpaid interest on the Notes unless the Notes are to be redeemed pursuant to the Second Notice and the Second Redemption Date is extended. If the Second Redemption Date is extended, the Company will pay accrued and unpaid interest thereon from September 30, 2025 through, but excluding, the Second Redemption Dated as so extended. Copies of the First Notice and the Second Notice are attached to this Current Report on Form 8-K as Exhibits 99.1 and 99.2 and are incorporated herein by reference.

<u>Item 9.01</u> <u>Financial Statements and Exhibits.</u>

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit**<br> **Number** | **Description** |
| [99.1](dp233732_ex9901.htm) | [Notice of Redemption to Holders of the 8.75% Notes due 2028](dp233732_ex9901.htm) |
| [99.2](dp233732_ex9902.htm) | [Conditional Notice of Redemption to Holders of the 8.75% Notes due 2028](dp233732_ex9902.htm) |
| 104 | The cover page of this Current Report on Form 8-K, formatted as inline XBRL. |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **GREAT ELM CAPITAL CORP.** | **GREAT ELM CAPITAL CORP.** |
| Date: August 29, 2025 | By: | /s/ Keri A. Davis |
|  | Name: | Keri A. Davis |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

Exhibit 99.1

**NOTICE OF REDEMPTION TO THE HOLDERS OF THE** 

**8.75% Notes due 2028** 

**of Great Elm Capital Corp.** 

**(CUSIP No. 390320 802)\***

**Redemption Date: September 30, 2025** 

NOTICE IS HEREBY GIVEN, pursuant to Section 1104 of the Indenture, dated as of September 18, 2017 (the "**Base Indenture**"), by and between Great Elm Capital Corp., a Maryland corporation (the "**Company**"), and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC) (the "**Trustee**"), and Section 1.01(h) of the Fifth Supplemental Indenture, dated as of August 16, 2023 (the "**Fifth Supplemental Indenture**" and, together with the Base Indenture, the "**Indenture**"), that the Company is electing to exercise its conditional option to redeem, in whole, the 8.75% Notes due 2028 (the "**Notes**"). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Indenture.

The Company will redeem $30 million aggregate principal of the issued and outstanding Notes on September 30, 2025 (the "**Redemption Date**"). The redemption price for the Notes equals 100% of the principal amount per Note being redeemed, or $25.00 per Note, plus the accrued and unpaid interest thereon, if any, through, but excluding, the Redemption Date (the "**Redemption Price**"). Interest is payable on the Notes quarterly on March 31, June 30, September 30 and December 31 of each year, and the next scheduled Interest Payment Date for the Notes is the Redemption Date. Accrued and unpaid interest on the Notes from June 30, 2025 to September 30, 2025 will be paid to the persons in whose name the Notes are registered at the close of business on September 15, 2025, which is the Regular Record Date for such interest payment. As such, the Company does not expect there to be any accrued and unpaid interest on the Notes as of September 30, 2025. If any holders purchase the Notes after September 15, 2025 and before September 30, 2025, they will not be entitled to receive any accrued and unpaid interest on the Notes upon redemption.

On the Redemption Date, the Redemption Price will become due and payable to the Holders of the Notes. Interest on the Notes being redeemed will cease to accrue on and after the Redemption Date. Unless the Company defaults in paying the Redemption Price with respect to such Notes, the only remaining right of the Holders with respect to such Notes will be to receive payment of the Redemption Price upon presentation and surrender of such Notes to the Trustee in its capacity as Paying Agent.

Notes held in book-entry form will be redeemed and the Redemption Price with respect to such Notes will be paid in accordance with the applicable procedures of The Depository Trust Company.

Payment of the Redemption Price to the Holders will be made upon presentation and surrender of the Notes in the following manner:

<u>If by Mail, Hand or Overnight Mail</u>:

**Equiniti Trust Company, LLC**

Operations Center, Attn: Reorganization Department

55 Challenger Road, Suite 200,

Ridgefield Park, New Jersey 07660

Questions relating to this notice of redemption should be directed to Equiniti Trust Company, LLC via telephone at 1–800-937-5449.

No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this notice or printed on the Notes.

Under U.S. federal income tax law, the Trustee or other withholding agent may be required to withhold twenty-four percent (24%) of any gross payment to a holder who fails to provide a taxpayer identification number and other required certifications. To avoid backup withholding, please complete a Form W-9 or an appropriate Form W-8, as applicable, which should be furnished in connection with the presentment and surrender of the Notes called for redemption. Any amounts withheld under the backup withholding rules will be allowed as a refund or a credit against a holder's U.S. federal income tax liability provided the required information is furnished to the Internal Revenue Service. Holders should consult their tax advisors regarding the withholding and other tax consequences of the redemption.

Date: August 29, 2025

Great Elm Capital Corp.

---

| | |
|:---|:---|
| By: | **Equiniti Trust Company, LLC**, as Trustee and Paying Agent |

---

## Exhibit 99.2

Exhibit 99.2

**CONDITIONAL NOTICE OF REDEMPTION TO THE HOLDERS OF THE** 

**8.75% Notes due 2028**

**of Great Elm Capital Corp.** 

**(CUSIP No. 390320 802)\***

**Redemption Date: September 30, 2025** 

NOTICE IS HEREBY GIVEN, pursuant to Section 1104 of the Indenture, dated as of September 18, 2017 (the "**Base Indenture**"), by and between Great Elm Capital Corp., a Maryland corporation (the "**Company**"), and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC) (the "**Trustee**"), and Section 1.01(h) of the Fifth Supplemental Indenture, dated as of August 16, 2023 (the "**Fifth Supplemental Indenture**" and, together with the Base Indenture, the "**Indenture**"), that the Company is electing to exercise its conditional option to redeem, in whole, the 8.75% Notes due 2028 (the "**Notes**"). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Indenture.

Subject to the condition precedent that the Company completes one or more financing transactions that generate net proceeds of at least $10 million (the "**Financing Transactions**") after the date hereof and prior to the Redemption Date (as defined below), the Company will redeem $10 million aggregate principal of the issued and outstanding Notes on September 30, 2025 (the "**Redemption Date**"). At the Company's discretion, the Redemption Date may be delayed until such time (including more than 60 days after the date hereof) as the Financing Transactions have been completed, or the redemption of the Notes may not occur and this notice may be rescinded if the Financing Transactions are not completed by the Redemption Date or by the date to which the Redemption Date is delayed. The redemption price for the Notes equals 100% of the principal amount per Note being redeemed, or $25.00 per Note, plus the accrued and unpaid interest thereon, if any, through, but excluding, the Redemption Date (the "**Redemption Price**"). Interest is payable on the Notes quarterly on March 31, June 30, September 30 and December 31 of each year, and the next scheduled Interest Payment Date for the Notes is the Redemption Date. Accrued and unpaid interest on the Notes from June 30, 2025 to September 30, 2025 will be paid to the persons in whose name the Notes are registered at the close of business on September 15, 2025, which is the Regular Record Date for such interest. As such, the Company does not expect there to be any accrued and unpaid interest on the Notes as of September 30, 2025. If any holders purchase the Notes after September 15, 2025 and before September 30, 2025, they will not be entitled to receive any accrued and unpaid interest on the Notes upon redemption unless the Redemption Date is extended. If the Redemption Date is extended, the Company will pay accrued and unpaid interest thereon from September 30, 2025 through, but excluding, the Redemption Dated as so extended.

On the Redemption Date, the Redemption Price will become due and payable to the Holders of the Notes. Interest on the Notes being redeemed will cease to accrue on and after the Redemption Date. Unless the Company defaults in paying the Redemption Price with respect to such Notes, the only remaining right of the Holders with respect to such Notes will be to receive payment of the Redemption Price upon presentation and surrender of such Notes to the Trustee in its capacity as Paying Agent.

Notes held in book-entry form will be redeemed and the Redemption Price with respect to such Notes will be paid in accordance with the applicable procedures of The Depository Trust Company.

Payment of the Redemption Price to the Holders will be made upon presentation and surrender of the Notes in the following manner:

<u>If by Mail, Hand or Overnight Mail</u>:

**Equiniti Trust Company, LLC**

Operations Center, Attn: Reorganization Department

55 Challenger Road, Suite 200,

Ridgefield Park, New Jersey 07660

Questions relating to this notice of redemption should be directed to Equiniti Trust Company, LLC via telephone at 1–800-937-5449.

No representation is made as to the correctness or accuracy of the CUSIP numbers listed in this notice or printed on the Notes.

Under U.S. federal income tax law, the Trustee or other withholding agent may be required to withhold twenty-four percent (24%) of any gross payment to a holder who fails to provide a taxpayer identification number and other required certifications. To avoid backup withholding, please complete a Form W-9 or an appropriate Form W-8, as applicable, which should be furnished in connection with the presentment and surrender of the Notes called for redemption. Any amounts withheld under the backup withholding rules will be allowed as a refund or a credit against a holder's U.S. federal income tax liability provided the required information is furnished to the Internal Revenue Service. Holders should consult their tax advisors regarding the withholding and other tax consequences of the redemption.

Date: August 29, 2025

Great Elm Capital Corp.

---

| | |
|:---|:---|
| By: | **Equiniti Trust Company, LLC**, as Trustee and Paying Agent |

---