Great Elm Capital (GECC) delists 5.875% Notes due 2026 from Nasdaq

Rhea-AI Filing Summary

Great Elm Capital Corp. notified the removal of its 5.875% Notes due 2026 from listing and registration on the Nasdaq Stock Market LLC pursuant to 17 CFR 240.12d2-2. The exchange certified compliance with the cited rules and the issuer certified voluntary withdrawal.

Insights

Exchange Compliance Analyst

Form 25 records a routine delisting/withdrawal of a debt class under Nasdaq rules.

The filing documents that Nasdaq and the issuer followed 17 CFR 240.12d2-2 procedures to remove the 5.875% Notes due 2026 from listing. This is an administrative action reflecting removal of the security from the exchange list.

Cash‑flow treatment and reasons for withdrawal are not stated in the excerpt; subsequent filings may disclose transfers to OTC trading or redemption activity.

Key Figures

Coupon: 5.875% Maturity: due 2026 Commission File Number: 333-212817 +3 more

6 metrics

Coupon 5.875% Notes interest rate

Maturity due 2026 Debt maturity year

Commission File Number 333-212817 Form filing identifier

Exchange rule cited 17 CFR 240.12d2-2 Governing withdrawal procedure

Issuer phone (617) 375-3006 Issuer contact on cover

Address 3801 PGA Boulevard, Suite 603, Palm Beach Gardens, FL 33410 Issuer principal executive office

Key Terms

Form 25, 17 CFR 240.12d2-2, withdrawal of registration, struck from listing

4 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

17 CFR 240.12d2-2 regulatory

"Pursuant to 17 CFR 240.12d2-2(b)"

A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.

withdrawal of registration regulatory

"voluntary withdrawal of the class of securities from listing and registration"

struck from listing regulatory

"strike the class of securities from listing and/or withdraw registration"

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

333-212817

Issuer:	Great Elm Capital Corp.
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	3801 PGA Boulevard
	Suite 603
	Palm Beach Gardens	FLORIDA	33410
Telephone number:					(617) 375-3006

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

5.875% Notes due 2026

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-05-27	By	Tara Petta		AVP
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

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.

FAQ

What does Great Elm Capital Corp. (GECC) filing Form 25 mean?

It records removal of a listed security. The filing states the 5.875% Notes due 2026 are being struck from Nasdaq listing under 17 CFR 240.12d2-2, with exchange and issuer compliance certified in the notice.

Which security is being removed for GECC?

The filing identifies the 5.875% Notes due 2026 as the class of securities being removed from Nasdaq listing and registration, as stated verbatim in the Form 25 notice.

Who certified the removal on the Form 25 for GECC?

Nasdaq Stock Market LLC certified compliance with its rules and the issuer certified voluntary withdrawal; the notice is signed by Tara Petta, AVP on behalf of the exchange.

Does the Form 25 state why the notes were withdrawn?

The excerpt documents procedural compliance under 17 CFR 240.12d2-2 but does not state a rationale, financial terms, or whether the notes were redeemed or will trade OTC.

Will holders be paid or redeemed per this Form 25?

The filing records delisting and certification under exchange rules; it does not disclose any redemption, cash consideration, or payment terms for holders in the provided excerpt.