Great Elm Group (GEG) Sees 13D/A Filing

TL;DR

GEG 13D/A filed by ICAM Holdings. Date changed to Nov 30.

AI Summary

On December 3, 2024, ICAM Holdings, LLC, along with group members Imperial Capital Group Holdings II, LLC and Jason Reese, filed an amendment (No. 13) to their Schedule 13D concerning Great Elm Group, Inc. The filing indicates a change in the date as of which the information is reported to November 30, 2024. The filing does not disclose specific shareholdings or dollar amounts in this amendment.

Why It Matters

This filing is an amendment to a previous Schedule 13D, indicating potential changes in significant beneficial ownership of Great Elm Group, Inc. by ICAM Holdings and its affiliates.

Risk Assessment

Risk Level: medium — Schedule 13D filings, especially amendments, often signal significant shifts in major shareholder positions or intentions, which can impact stock price and corporate strategy.

Key Players & Entities

• Great Elm Group, Inc. (company) — Subject Company
• ICAM Holdings, LLC (company) — Filing Party
• Imperial Capital Group Holdings II, LLC (company) — Group Member
• Jason Reese (person) — Group Member
• Todd Wiench (person) — Authorized Contact

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• d879054dsc13da.htm (SC 13D/A) — 89KB
• d879054dex9910.htm (EX-99.10) — 4KB
• 0001193125-24-270156.txt ( ) — 95KB

of the Schedule 13D is hereby amended and restated as follows

Item 2 of the Schedule 13D is hereby amended and restated as follows: This Schedule 13D is being filed jointly and on behalf of the following persons: (a) The term Reporting Persons collectively refers to: ICAM Holdings, LLC ( ICAM Holdings ), a Delaware limited liability company; Long Ball Partners LLC ( Long Ball ), a Delaware limited liability company; Imperial Capital Group Holdings II, LLC ( ICGH2 ), a Delaware limited liability company; and Jason Reese, a citizen of the United States of America, the Chief Executive Officer of the Issuer and the Chairman of the board of directors of the Issuer (the Board ). For the information required for this Item 2 by Instruction C to Schedule 13D with respect to the persons controlling ICAM Holdings, Long Ball and ICGH2 (collectively, the Covered Persons ), reference is made to Schedule A annexed hereto and incorporated herein by reference. (b) The business address of each Reporting Person and Covered Person is 3801 PGA Boulevard, Suite 603, Palm Beach Gardens, Florida 33410. (c) ICAM Holdings principal business is acting as the managing member to various investment vehicles. CUSIP No. 39036P209 Page 7 of 9 Pages Long Ball is a private fund and its principal business is buying, selling and trading in securities and other investment products pursuant to the investment objective and strategies described in its confidential offering memorandum and/or operating agreement. ICGH2 is a private fund and its principal business is buying, selling and trading in securities and other investment products. The principal occupation of Mr. Reese is acting as the Chairman and Chief Executive Officer of ICAM Holdings, and the Chief Executive Officer of the Issuer. (d) During the last five years, none of the Reporting Persons nor any of the Covered Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) During the last five years, none of the Reporting Perso

is hereby

Item 4 is hereby supplemented as follows: On November 30, 2024, Imperial Capital Asset Management, LLC ( ICAM ) distributed its assets and liabilities, including its holdings in the Issuer, to its member, ICAM Holdings. ICAM Holdings also became the managing member of Long Ball. As a result, ICAM Holdings is now a Reporting Person under this Schedule 13D and ICAM has ceased to be a Reporting Person. Item5. Interest in Securities of the Issuer

is hereby amended as follows

Item 5 is hereby amended as follows: (a) & (b) The information relating to the beneficial ownership of Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 for all cover pages filed herewith are based on 29,743,735 shares of Common Stock outstanding as of November 4, 2024, as reported in the Issuers Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024. (c) Not applicable. (d) Not applicable. (e) Not applicable. Item7. Material to Be Filed as Exhibits

is supplemented as follows

Item 7 is supplemented as follows: Exhibit No. Description 99.10 Joint Filing Agreement., dated as of December 3, 2024, among the Reporting Persons. CUSIP No. 39036P209 Page 8 of 9 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: December 3, 2024 ICAM Holdings, LLC By: /s/ Jason Reese Jason Reese, Chairman & CEO Long Ball Partners, LLC By: ICAM Holdings, LLC its Managing Member By: /s/ Jason Reese Jason Reese, Chairman & CEO Imperial Capital Group Holdings II, LLC By: /s/ Jason Reese Jason Reese, its Authorized Signatory Jason Reese /s/ Jason Reese CUSIP No. 39036P209 Page 9 of 9 Pages SCHEDULE A

The name, principal occupation, and citizenship of each of the Covered Persons are set forth below

Item 2. The name, principal occupation, and citizenship of each of the Covered Persons are set forth below. Name Principal Occupation Citizenship Imperial Capital Group Holdings, LLC Majority owner of ICAM Holdings, LLC and Managing Member of ICGH2 Delaware limited liability company Randall Wooster Co-founder and 50% owner of Imperial Capital Group Holdings, LLC United States of America Jason Reese Co-founder and 50% owner of Imperial Capital Group Holdings, LLC; Item 2(c) is incorporated herein by reference United States of America Items 3 6. Except through their relationship with ICAM Holdings, Long Ball and ICGH2 or as otherwise set forth in Items 3 to 6 of this Schedule 13D, none of the Covered Persons beneficially owns any securities of the Issuer or has any contracts, arrangements, understandings or relationships with respect to any securities of the Issuer.

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View this SC 13D/A filing on SEC EDGAR