Powerlaw Corp. (PWRL) updates NAV to $15.31, Total NAV $662M

Rhea-AI Filing Summary

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.

Insights

Fund Accountant

Unaudited NAV rise of $15.31 per share relies on fair‑value judgments.

The supplement reports NAV per share $15.31 and Total NAV $662 million as of May 31, 2026. These metrics are expressly unaudited and calculated under the Fund's valuation policies.

Valuations depend on board‑approved fair value methodologies because a substantial portion of holdings are private investments; estimate sensitivity and valuation inputs could materially affect reported NAV in audited statements or later disclosures.

Private Markets Portfolio Manager

NAV gain likely reflects private‑asset revaluations and realized/unrealized changes.

The supplement shows a 9.6% change from prior NAV per share ($13.97 on 5/13/26) to $15.31 on 5/31/26. It emphasizes fair value techniques for private holdings, which involve judgment.

Future investor clarity depends on detailed valuation disclosures and any audit adjustments; subsequent filings may provide deeper breakdowns of drivers and methodologies.

Key Figures

Registered shares in prospectus supplement: 43,242,931 shares NAV per share: $15.31 Prior NAV per share: $13.97 +2 more

5 metrics

Registered shares in prospectus supplement 43,242,931 shares Cover line of the supplement

NAV per share $15.31 Unaudited NAV as of May 31, 2026

Prior NAV per share $13.97 Prior NAV per share as of May 13, 2026

% change from prior NAV 9.6% Change from May 13, 2026 to May 31, 2026

Total NAV $662 million Total NAV as of May 31, 2026

Key Terms

NAV, unaudited, fair value methodologies, private investments

4 terms

NAV financial

"The purpose of this supplement is to provide updated information regarding certain unaudited financial metrics of the Fund, including the Fund’s net asset value (“NAV”)"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

unaudited regulatory

"At the close of business on May 31, 2026, Powerlaw Corp.’s unaudited financial metrics were as follows"

"Unaudited" describes financial statements or reports that have not been examined or verified by an independent accountant or auditor. Because they haven't undergone this review, they may not be as reliable or accurate as audited reports, making them less certain for investors to rely on when assessing a company's financial health. Think of it as a preliminary estimate that could change once checked by an expert.

fair value methodologies financial

"valuations are based on fair value methodologies approved by the Fund’s Board of Directors"

Techniques and procedures used to estimate the price at which an asset or liability would change hands between knowledgeable, willing parties in an open market. Like using comparable house sales, expert appraisals, or a recent offer to value a home, these methods range from market-based to model-based approaches and matter to investors because they determine reported asset values, earnings, and balance-sheet strength, affecting how a company’s financial health is seen.

private investments financial

"a substantial portion of the Fund’s portfolio consists of private investments that do not have readily available market quotations"

Offering Details

shelf

Offering

Offering Type shelf

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 06/09/2026 - 06:01 AM Accepted by SEC EDGAR 06/08/2026 - 06:02 PM Learn about SEC filing dates

FAQ

What NAV did Powerlaw Corp. (PWRL) report for May 31, 2026?

Powerlaw Corp. reported an unaudited NAV per share of $15.31 as of May 31, 2026. The supplement states the figure was calculated under the Fund's valuation policies because many holdings are private investments.

How did PWRL's NAV change versus the prior reported NAV?

The supplement shows NAV per share rose from $13.97 as of May 13, 2026 to $15.31 on May 31, 2026, a 9.6% increase as reported in the supplement.

What total NAV did Powerlaw Corp. disclose in the supplement?

The Fund disclosed a reported Total NAV of $662 million as of May 31, 2026. The supplement notes this total is unaudited and based on fair value methodologies for private investments.

Are the NAV figures audited and how were they calculated?

No, the supplement states the NAV figures are unaudited and were calculated pursuant to the Fund's valuation policies. Valuations of private investments use board‑approved fair value methodologies involving significant judgment.

Does the supplement explain valuation uncertainty for private holdings?

Yes. The supplement explains that because a substantial portion of the portfolio is private, valuations use fair value methodologies approved by the Board and involve significant judgment that can affect reported NAV.

Filed Pursuant to Rule 424(b)(3)

Registration File No. 333-290337

 

Powerlaw Corp.

43,242,931 Shares of Common Stock

Supplement dated June 8, 2026 to the Prospectus dated May 20, 2026

This supplement supplements certain information contained in the prospectus of Powerlaw Corp. (the “Fund”) dated May 20, 2026 (the “Prospectus”). Capitalized terms used in this supplement and not otherwise defined have the meaning specified in the Prospectus.

You should carefully consider the “Risk Factors” section beginning on page 16 of the Prospectus.

The purpose of this supplement is to provide updated information regarding certain unaudited financial metrics of the Fund, including the Fund’s net asset value (“NAV”) for the month ended May 31, 2026.

At the close of business on May 31, 2026, Powerlaw Corp.’s unaudited financial metrics were as follows:

Metric	Value
NAV Per Share	$15.31
Prior NAV Per Share (as of 5/13/26)	$13.97
% Change from Prior NAV (as of 5/13/26)	9.6%
Total NAV	$662 million

The NAV reported herein is unaudited and has been calculated in accordance with the Fund’s valuation policies. Because a substantial portion of the Fund’s portfolio consists of private investments that do not have readily available market quotations, valuations are based on fair value methodologies approved by the Fund’s Board of Directors and involve significant judgment.

1