Great Elm Group, Inc. shares fall 6.67% premarket after Great Elm Capital Corp. announced a public offering of unsecured notes.

Great Elm Group, Inc. fell 6.67% in premarket trading. The company announced a public offering of unsecured notes due 2030, which may have caused investor concern about potential dilution of existing shares. The notes are expected to be listed on The Nasdaq Global Market under the trading symbol 'GECCG,' and the company plans to use the net proceeds to redeem all of its outstanding 6.50% senior notes due 2025.