Powerlaw Corp. (Nasdaq: PWRL) Publishes Educational Letter Regarding Net Asset Value (NAV)
Key Terms
net asset value financial
closed-end fund financial
prospectus regulatory
“We built Powerlaw Corp. on a simple premise: private markets have historically been hard to access, but they don't have to be. Transparency and education aren't just departments here - they are the core product,” said Ben Black, Powerlaw Corp. CIO. “With that brand promise in mind, this letter walks investors through the discipline of how we calculate NAV monthly and how to evaluate NAV in relation to our daily market price.”
The full shareholder letter along with additional information, including the prospectus and portfolio disclosures, is available at PWRL.com.
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 Corp. before investing. A prospectus, dated May 20, 2026, which has been filed with the Securities and Exchange Commission (“SEC”), contains this and other information about Powerlaw Corp. and should be read carefully before investing.
A registration statement relating to the resale of shares of common stock of Powerlaw Corp. 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 Corp., 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 listing 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 Corp. is speculative and involves a high degree of risk with substantial risk of loss. Shares of closed-end funds such as Powerlaw Corp. 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 Corp. to redeem his, her, or its shares. While Powerlaw Corp.’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 Corp. for an indefinite period of time. There is no assurance that Powerlaw Corp. will achieve its investment objective, or that the private companies in which Powerlaw Corp. invests will ever have a liquidity event.
Forward-Looking Statements
This communication includes “forward-looking statements,” including with respect to the expected direct listing of Powerlaw Corp.’s shares on the Nasdaq Global Market under the symbol “PWRL,” the ability of investors to request and trade shares following the direct listing, the potential addition of portfolio companies over time, and the expected closing of any contemplated portfolio investments following the direct listing. These statements also include statements regarding Powerlaw Corp.’s objectives to expand access to private markets and other statements that are not historical facts. 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 Corp.'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 Corp. 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 Corp.’s investment objectives, risks, charges, and expenses carefully before investing. Powerlaw Corp.’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 develop or 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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Source: Powerlaw Corp.