Great Elm Group Announces Strategic Investments and New Board Member

Great Elm Group has announced strategic investments from Woodstead and Booker Smith, with Woodstead purchasing 4 million shares of GEG's common stock for $9 million and an affiliate of Booker Smith purchasing 1.3 million shares of GECC's common stock for $15 million. Booker Smith has also been appointed to GEG's Board of Directors, bringing deep credit and real estate expertise. The transactions provide growth capital and long-term alignment for GEG.