Every 424B that Powerlaw Corp. (PWRL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow PWRL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PWRL filings page.
Powerlaw Corp. (PWRL) provides an update to its prospectus, reporting unaudited net asset value metrics as of August 31, 2026. NAV per share was $16.23, up from $14.69 as of July 31, 2026, a 10.5% increase. Total NAV was $700.5 million. The figures are calculated under the company’s valuation policies, and because a substantial portion of the portfolio consists of private investments without readily available market quotations, valuations are based on Board-approved fair value methodologies that involve significant judgment.
Powerlaw Corp. (symbol PWRL) has a prospectus supplement covering 43,242,931 shares of common stock, which updates how the fund reports its net asset value and holdings. On a monthly basis, the fund will publish its NAV per share on its website within 15 business days after month-end, except for the last month of its fiscal year, when NAV per share will be posted within 60 days of month-end. On a quarterly basis, the fund will post updated information on its current portfolio within 60 days after each fiscal quarter, including aggregate data on underlying portfolio company holdings as a percentage of net assets and the number and type of shares of each underlying portfolio company indirectly held, all available at www.pwrl.com.
Powerlaw Corp. filed a prospectus supplement relating to the registration of 43,242,931 shares of common stock and providing updated unaudited net asset value information as of July 31, 2026. The net asset value (NAV) per share was $14.69, compared with $16.21 as of June 30, 2026, a 9.4% decrease over the month. Total NAV was reported at $634.0 million.
The NAV figures are unaudited and calculated under the company’s valuation policies. A substantial portion of the portfolio consists of private investments without readily available market quotations, so valuations rely on Board-approved fair value methodologies that involve significant judgment.
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. 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. 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.