Notes: June 24, 2016 ( -- Full Circle Capital Corporation (NASDAQ:FULL) today announced that it has entered into a merger agreement with Great Elm Capital Corp., a company formed by Great Elm Capital Group, Inc. (GEC, formerly Unwired Planet, Inc.) (NASDAQ:GEC) and funds managed by MAST Capital Management, LLC. The transaction is the result of the previously announced review of strategic alternatives led by a special committee of Full Circle’s board of directors and has been unanimously approved by Full Circle’s board of directors. The combined company, to be named Great Elm Capital Corp., will apply for listing on NASDAQ under the symbol GECC. Great Elm Capital Corp. will elect to be regulated as a business development company (BDC) under the Investment Company Act of 1940 and expects to be treated as a “regulated investment company” for federal income tax purposes. Full Circle stockholders are expected to own approximately 38% of the combined Great Elm Capital Corp., based on a pro-forma net asset value in excess of $190 million as of March 31, 2016.