SCHEDULE 13G/A

GREAT ELM CAP CORP

Common Stock, $0.01 Par Value (the "Common Stock") · CUSIP: 390320703

Event date: 2026-03-04

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Northern Right Capital Management, L.P.

  Shares: 798,471 · Class: 5.7%

• Northern Right Capital (QP), L.P.

  Shares: 313,094 · Class: 2.2%

• Northern Right Long Only Master Fund LP

  Shares: 116,237 · Class: 0.8%

• Northern Right Fund GP LLC

  Shares: 116,237 · Class: 0.8%

• BC Advisors LLC

  Shares: 798,471 · Class: 5.7%

• Drapkin Matthew A

  Shares: 874,804 · Class: 6.2%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.