Welcome to our dedicated page for Powerlaw SEC filings (Ticker: PWRL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Powerlaw's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Powerlaw's regulatory disclosures and financial reporting.
Powerlaw Corp. supplements its May 20, 2026 prospectus by authorizing a share repurchase program for its closed-end fund. The Board has approved open-market repurchases of up to 4,324,293 shares of common stock, equal to 10% of shares outstanding as of July 20, 2026.
Repurchases may occur on the Nasdaq Global Market when the stock trades at a discount of 5% or more to the fund’s most recently reported net asset value per share. The program is expected to run until the earlier of July 20, 2027, or when all 4,324,293 shares have been repurchased, and may be executed at management’s discretion, including through Rule 10b5-1 trading plans.
The fund is not obligated to repurchase any shares. Any buybacks will reduce managed assets, which would tend to increase the fund’s gross expense ratio and decrease asset coverage on outstanding leverage, and will also generate transaction costs. Repurchases are subject to Rule 10b-18 and other applicable securities laws.
Powerlaw Corp. is offering 43,242,931 shares of common stock under a prospectus supplement that updates its venture portfolio as of June 30, 2026. Investments in private technology and financial companies had an aggregate cost of $358,141,770 and an aggregate fair value of $556,246,588, representing 79.36% of net assets.
The largest position is Space Exploration Technologies Corp., with Class A common stock costing $50,758,844 and valued at $189,523,047, followed by holdings in OpenAI Group PBC, Stripe, Tether and other private companies. Between May 13 and June 30, 2026, new investments were made in Prometheus Industries, Inc. and Shield AI Holdings, Inc. through special purpose vehicles.
The portfolio spans software, artificial intelligence, financial technology, defense and aerospace businesses and is accessed through direct purchases, SPVs and a forward contract. Holdings include Databricks, Deel, Figma, Rippling, Vast Data, Mercor.io, Perplexity AI, Saronic Technologies and other high-growth private enterprises.
Powerlaw Corp., a Maryland non-diversified, closed-end management investment company listed on Nasdaq as PWRL, is asking stockholders to elect independent director Lars Leckie as a Class I director to serve until the 2029 Annual Meeting of Stockholders.
The 2026 Annual Meeting will be held virtually on August 13, 2026, with a June 26, 2026 record date covering 43,242,931 common shares outstanding. A plurality of votes cast will elect the nominee, and broker discretionary voting is permitted on this proposal.
The Board consists of five directors, three of whom are independent, and operates through Audit, Nominating, and Compensation Committees composed entirely of independent directors. Independent directors are expected to receive annual cash fees ranging from $67,500 to $95,000 for fiscal 2026.
The company is externally managed by Powerlaw Fund Adviser, LLC under an Investment Advisory Agreement providing for a 2.50% management fee on average gross assets, and Paralel Technologies LLC serves as administrator. KPMG LLP acts as independent registered public accounting firm, with $250,000 in audit fees and $144,000 in non-audit fees billed for the fiscal year ended September 30, 2025.
Powerlaw Corp. filed a post-effective Amendment No. 1 to its Form N-2 registration statement under Rule 462(d), making it effective immediately to add and update exhibits only. The amendment does not change any previously declared terms of the registered closed-end fund.
The filing itemizes estimated non-recurring issuance and listing expenses totaling $2,665,000 and reports that the common stock had 596 record holders as of May 13, 2026. It describes the role of Powerlaw Fund Adviser, LLC as a controlling adviser, outlines indemnification provisions for directors, officers and the adviser subject to Investment Company Act limits, and identifies key service providers including the transfer agent, custodian, administrator and locations of required records.
Powerlaw Corp. is registering 43,242,931 shares of Common Stock. This prospectus supplement dated July 8, 2026 provides updated, unaudited financial metrics for the Fund as of June 30, 2026. At that date the Fund's NAV per share was $16.21, compared with a prior NAV per share of $15.31 as of May 31, 2026, a 5.9% increase. The Fund's reported total NAV was $700.9 million. The supplement notes that NAV is unaudited and that valuations rely on fair value methodologies for private investments approved by the Board and include significant judgment.
Powerlaw Corp. Chief Executive Officer and director Michael John Dinsdale reported indirect open-market purchases of the company’s common stock through a family trust. The Michael John Dinsdale 2015 Trust bought 12,727 shares on June 22, 2026 at a weighted average price of $15.473 per share and 2,941 shares on June 18, 2026 at $16.855 per share. After these transactions, the trust holds 686,504 shares, while a related entity, Orions Belt 1 LLC, is reported as holding 572,749 shares indirectly beneficially owned by Dinsdale.
Powerlaw Corp. director and Chief Investment Officer Black Benjamin David reported an open-market purchase of common stock. He bought 6,500 shares on June 22, 2026 at a weighted average price of $15.47 per share, with individual trades between $15.10 and $15.60.
Following the purchase, he held 445,978 shares directly. He also had indirect ownership of 637,469 shares through Lucifer Properties I LLC, 57,275 shares held by his daughter, and 57,275 shares held by his spouse, as reflected in the filing.
Powerlaw Corp. provides a prospectus supplement updating unaudited net asset value (NAV) metrics as of May 31, 2026. The Fund reported NAV per share $15.31, compared with a prior NAV per share of $13.97 as of May 13, 2026, a 9.6% increase. Total NAV was $662 million. The supplement notes these figures are unaudited and derived using the Fund's fair value methodologies for private investments.
Powerlaw Corp. Chief Executive Officer and director Michael John Dinsdale filed an amended initial ownership report to update his indirect holdings after a 12-for-1 reverse stock split of common stock effective December 23, 2025. The amendment shows 572,749 shares held by Orions Belt 1 LLC and 670,836 shares held by the Michael John Dinsdale 2015 Trust.
Powerlaw Corp. officer Stanley Angela filed an amended Form 3 updating his ownership in the company’s common stock. He now reports 118,278 shares held directly and 99,285 shares held indirectly through LOTTIEQ, LLC, which he controls. The filing notes these amounts reflect a 12-for-1 reverse stock split effective December 23, 2025, adjusting previously reported larger share counts on the original Form 3 filed September 30, 2025.