UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Great Elm Capital Corp. |
(Name of Issuer) |
Common Stock, Par Value $0.01 per share
(Title of Class of Securities)
390320109
(CUSIP Number)
December 31, 2022
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ | Rule 13d-1(b) |
☒ | Rule 13d-1(c) |
☐ | Rule 13d-1(d) |
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 390320109
1. | Names of Reporting Persons
Lenders Funding, LLC |
2. | Check the Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ |
3. | SEC Use Only
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4. | Citizenship or Place of Organization
New York |
Number of Shares Beneficially Owned by Each Reporting Person With: | 5. | Sole Voting Power
0 |
6. | Shared Voting Power
471,0031 | |
7. | Sole Dispositive Power
0 | |
8. | Shared Dispositive Power
471,0031 |
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 471,0031
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10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
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11. | Percent of Class Represented by Amount in Row (9) 6.2%
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12. | Type of Reporting Person (See Instructions)
OO |
1 Effective February 28, 2022, Great Elm Capital Corp. undertook at 6:1 reverse stock split.
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CUSIP No. 390320109
Item 1. | Security and Issuer. | |
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| (a) | Name of Issuer |
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Great Elm Capital Corp. |
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| (b) | Address of Issuer's Principal Executive Offices |
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800 South Street, Suite 230, Waltham, MA 02453 |
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Item 2. | Identity and Background. | |
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| (a) | Name of Persons Filing |
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| Lenders Funding, LLC is filing this statement on Schedule 13G (the “Reporting Person”). |
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| (b) | Address of Principal Business Office or, if none, Residence |
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The principal business address for Lenders Funding, LLC is 9345 Terresina Dr., Naples, FL 34119. |
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| (c) | Citizenship |
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For citizenship of Reporting Person, see Item 4 of the cover sheet. |
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| (d) | Title of Class of Securities |
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Common Stock, Par Value $0.01 per share |
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| (e) | CUSIP No. |
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390320109 |
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Item 3. | If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: | |
| (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); |
| (e) | ☐ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
| (g) | ☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
| (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) | ☐ | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); |
| (k) | ☐ | Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
Item 4. | Ownership | |
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| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | |
| (a) | Amount beneficially owned: As of December 31, 2022, Lenders Funding, LLC beneficially owned 471,003 shares of Common Stock of Great Elm Capital Corp.
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| (b) | Percent of class: 6.2% (based on 3,397,436 shares of Common Stock outstanding as of February 23, 2023, as disclosed in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2023.) |
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 0 |
| (ii) | Shared power to vote or to direct the vote: 471,003 |
| (iii) | Sole power to dispose or to direct the disposition of: 0 |
| (iv) | Shared power to dispose or to direct the disposition of: 471,003 |
Item 5. | Ownership of Five Percent or Less of a Class |
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| If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐. |
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Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
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| N/A |
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CUSIP No. 390320109
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
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| N/A |
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Item 8. | Identification and Classification of Members of the Group |
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| N/A |
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Item 9. | Notice of Dissolution of Group |
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| N/A |
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Item 10. | Certification |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
| Lenders Funding, LLC | ||
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Dated: March 27, 2023 | By: | /s/ John Benkovich |
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| Name: | John Benkovich |
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| Title: | Chief Operating Officer |
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