Powerlaw Corp. (Nasdaq: PWRL) Announces Share Repurchase Authorization to Purchase up to 10% of Outstanding Common Shares

Key Terms

closed-end fund financial

A closed-end fund is a pool of money collected from many investors to buy a diversified mix of stocks, bonds, or other assets, and it is managed by professionals. Unlike some investment options, its shares are bought and sold on stock exchanges at prices determined by supply and demand, which can be above or below the fund's actual value. This structure allows investors to buy or sell shares easily, but the value may fluctuate based on market conditions.

net asset value (nav) financial

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

rule 10b-18 regulatory

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

rule 10b5-1 plans regulatory

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

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SAN FRANCISCO--(BUSINESS WIRE)-- Powerlaw Corp. (Nasdaq: PWRL) (the “Company”), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today announced that its Board of Directors has authorized a 12-month share repurchase program. Under the repurchase program, Powerlaw Corp. may, but is not obligated to, purchase, through open market transactions, up to a total of 4,324,293 shares of its common stock, par value $0.001, which represents 10% of its outstanding common stock as of July 20, 2026. Purchases may only be made during periods when the Company’s shares are trading at a 5% or greater discount to the Company’s most recent publicly reported net asset value (NAV). Unless amended or extended by the Company’s Board of Directors, the Company expects the repurchase program to be in place until the earlier of July 20, 2027, or until 4,324,293 shares of the Company’s common stock have been repurchased.

"We are focused on our investment objective of long-term capital appreciation, and this repurchase authorization is in line with that goal," said Mike Dinsdale, CEO of Powerlaw Corp. “We believe the growth we have already seen in NAV is indicative of the value we’re building in Powerlaw, and we will invest in the fund’s shares opportunistically to capitalize on that value, while continuing to actively manage the fund and add positions in what we believe are the most promising private companies in tech.”

Purchases under the repurchase program may be effected at management’s discretion as to timing and amount, provided that the Company complies with the prohibitions under its Code of Ethics, Insider Trading Policy and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing constraints. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under the repurchase program.

The timing, number of shares repurchased, and prices paid for the stock under this program will depend on market conditions and corporate and regulatory limitations, including blackout period restrictions. Repurchases under the program will be made in accordance with the Investment Company Act of 1940, as amended. The repurchase program does not obligate the Company to acquire any specific number of shares, and it may be suspended or discontinued at the Company's discretion. The Company has not yet been active in the repurchase program and there are no assurances that it will engage in repurchases.

The PWRL portfolio includes exposure to SpaceX, OpenAI, Databricks, Deel, Stripe, Kalshi, Kraken, Vast Data, Tether, Colossal Biosciences, Mercor.io, Perplexity, Canva, Rippling, Saronic, Figma, Prometheus, Shield AI and Waymo in a single ticker, available through any standard brokerage account and IRA.

Powerlaw Capital Group is backed by Akkadian Ventures, LLC (“Akkadian”), a venture secondary investment firm focused on the private technology market, with $1.36 billion in assets under management as of March 31, 2026. Since 2010, Akkadian has completed more than 875 primary and secondary transactions across 134 portfolio companies, providing liquidity solutions to founders, employees, and investors.

The fund is advised by Powerlaw Fund Adviser, LLC, drawing on Akkadian’s experience, sourcing network, and operator relationships to identify and invest in leading private technology companies. Additional information, including the prospectus and portfolio disclosures, is available at PWRL.com.

ABOUT POWERLAW CAPITAL GROUP, LLC

Powerlaw Capital Group, LLC is a public-market investment platform on a mission to provide exposure to high-growth private technology to everyone. Its inaugural fund is Powerlaw Corp. (Nasdaq: PWRL), a registered closed-end management investment company that is advised by Powerlaw Fund Adviser, LLC. The firm is backed by Akkadian Ventures' 16-year heritage in venture secondary markets. For more information, visit PowerlawFunds.com.

ABOUT POWERLAW FUND ADVISER, LLC

Powerlaw Fund Adviser, LLC is the investment adviser to Powerlaw Corp. and an affiliate of Akkadian Ventures, LLC (“Akkadian”), a San Francisco-based venture secondary investment firm with more than $1.36 billion in assets under management across affiliated advisers and strategies as of March 31, 2026. Since 2010, Akkadian has completed more than 875 primary and secondary transactions across 134 portfolio companies, bringing deep experience, longstanding industry relationships, and a disciplined underwriting approach to private technology investing. For more information, visit Akkadian.vc.

ABOUT POWERLAW CORP. (Nasdaq: PWRL)

Powerlaw Corp. (Nasdaq: PWRL) is a listed closed-end fund registered under the Investment Company Act of 1940, offering exposure to leading private technology companies through a single Nasdaq-listed security. It provides daily liquidity, monthly NAV reporting, and quarterly portfolio disclosure. The fund intends to elect to be treated, and to qualify annually, as a Regulated Investment Company (“RIC”) for U.S. federal income tax purposes beginning with its taxable year ending September 30, 2026. As a RIC, PWRL provides the reporting, governance, and investor protections applicable to publicly traded funds. For more information, visit PWRL.com.

IMPORTANT INFORMATION

Investors are advised to carefully consider the investment objective, risks, charges, and expenses of Powerlaw before investing. A prospectus, dated May 20, 2026, as amended, which has been filed with the Securities and Exchange Commission (“SEC”), contains this and other information about Powerlaw and should be read carefully before investing.

A registration statement relating to the resale of shares of common stock of Powerlaw has been filed with the SEC and is effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock of Powerlaw, which offering may only be made by means of a prospectus, copies of which may be obtained when available from: Powerlaw Capital Group at 631 Folsom Street, Suite A, San Francisco, California 94107 or by visiting our website at PWRL.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

An investment in Powerlaw is speculative and involves a high degree of risk with substantial risk of loss. Shares of closed-end funds such as Powerlaw frequently trade at a discount to net asset value. PWRL is a listed closed-end fund registered under the Investment Company Act of 1940. Like other Nasdaq-listed securities, it can be held in standard brokerage accounts and in individual retirement accounts.

Closed-end funds differ from open-end funds in that closed-end funds do not redeem their shares at the request of an investor. No shareholder has the right to require Powerlaw to redeem his, her, or its shares. While Powerlaw’s shares are expected to be listed on an exchange, an active public market for the shares may not develop. As a result, shareholders may not be able to liquidate their investment. Accordingly, shareholders should consider that they may not have access to the funds they invest in Powerlaw for an indefinite period of time. There is no assurance that Powerlaw will achieve its investment objective, or that the private companies in which Powerlaw invests will ever have a liquidity event.

Forward-Looking Statements

This communication includes “forward-looking statements,” regarding the Company’s future operations, performance and financial condition. You can sometimes identify forward-looking statements through the use of words or phrases such as “will,” “expect,” “anticipated,” “aim,” “intended,” or similar words and expressions of the future. Forward-looking statements involve known and unknown risks, uncertainties, and assumptions, including the risks outlined under “Risk Factors” in the prospectus and elsewhere in Powerlaw’s filings with the SEC, which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement. Powerlaw and its affiliates have no obligation, and do not undertake any obligation, to update or revise any forward-looking statement made in this communication to reflect changes since the date of this communication, except as required by law.

Investors should consider Powerlaw’s investment objectives, risks, charges, and expenses carefully before investing. Powerlaw’s prospectus contains this and other information and should be read carefully before investing. A copy is available at PWRL.com. Shares of closed-end funds frequently trade at a discount to net asset value. There is no guarantee that an active trading market will be maintained. Investing involves risk, including the possible loss of principal. There is no assurance that the Fund will achieve its investment objective.

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MEDIA CONTACT
media@pwrl.com

Source: Powerlaw Corp.