Great Elm Capital Corp. has entered into an Equity Distribution Agreement with Great Elm Capital Management, LLC and Lucid Capital Markets, LLC, allowing the company to issue and sell shares of its common stock. The offering, with a total potential value of up to $100 million, will be conducted through an "at the market offering" method. Under the agreement, the agent is tasked with utilizing commercially reasonable efforts to sell the shares, with a commission rate of up to 2.0% of the gross sales price. The sales price per share, after accounting for the agent's commission, will not fall below the net asset value per share at the time of sale. The agreement includes customary representations, warranties, indemnification rights, and obligations among the involved parties.