PWRL — Private Tech. Nasdaq Listed.
PWRL ir hero

Investor Relations

PWRL News

NAVigator Podcast·Nov 9, 2026

CEO Mike Dinsdale on using a CEF for public venture capital

Mike Dinsdale, Chief Executive Officer at Powerlaw Capital Group — which launched Powerlaw Corp., a late-stage private technology closed-end fund on the Nasdaq in May — says that public venture capital is a new asset class that lets ordinary investors participate in private, pre-IPO markets. As companies like SpaceX and OpenAI reach unprecedented valuations, Dinsdale says the importance of capturing private markets grows. Where most closed-end funds entering the space have used an interval-fund structure — like the two pre-IPO funds featured in last week’s episode of The NAVigator — Powerlaw (ticker PWRL) has daily liquidity, giving investors more control. It also has locked in a 6% distribution; Dinsdale explains how that is accomplished, given that venture capital typically doesn’t throw off a lot of income.

Citywire·Nov 4, 2026

SEC's private markets push leaves liquidity trap and quality gap unsolved

Relaxing accreditation will not necessarily grant retail investors access to high-quality private assets.

The Daily Upside·Oct 25, 2026

Not Just OpenAI: There Are More Pre-IPO Names to Watch

There are more ways than ever to access late-stage private equity, and there are some big IPOs on the horizon.

Yahoo Finance·Sep 23, 2026

Powerlaw Corp. (Nasdaq: PWRL) Announces 6% Dividend

Also Waives 100% of Remaining Non-Affiliate Lock-Ups, Provides Update on Portfolio Realize-and-Reinvest Model, and Bolsters Senior Team with Industry-Leading Talent

CNBC·Jul 31, 2026

More consumer companies are staying private for longer, avoiding the IPO road

With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.

Powerlaw Corp.·Jul 21, 2026

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

Board authorizes a 12-month program to repurchase up to 10% of outstanding common shares when trading at a discount to NAV.

Events

Fund Documents

  • A Letter from the CEO - Announces Monthly Distribution and Early Lock-up Release (09.23.26)
    View PDF
  • Powerlaw Corp. Shareholder FAQs (10.01.26)
    View PDF
  • Distribution Reinvestment Plan (09.23.26)
    View PDF
  • How to Opt Out of Distribution Reinvestment (10.01.26)
    View PDF
  • Investor Deck (09.01.26)
    View PDF
  • Powerlaw Corp. (Nasdaq: PWRL) Announces Share Repurchase Authorization (07.21.26)
    View PDF
  • Shareholder Letter Regarding Net Asset Value (NAV) (06.18.26)
    View PDF

Distribution (19a) Notices

  • Distribution 19a Notice (10.30.26)
    View PDF

Regulatory Disclosures

  • Powerlaw Corp Preliminary Portfolio Schedule (09.30.26)
    View PDF
  • Semi-Annual Shareholder Report (03.31.26)
    View PDF
  • Annual Shareholder Report (09.30.25)
    View PDF
  • Powerlaw Code of Ethics
    View PDF
  • Compensation Committee Charter
    View PDF
  • Nominating and Corporate Governance Committee Charter
    View PDF
  • Audit Committee Charter
    View PDF

SEC Filings

11/03/2026 · 40-APP/A

40-App/A

10/08/2026 · 424B3

424b3

10/06/2026 · 40-APP

40-App

10/01/2026 · N-2

N-2

09/25/2026 · N-2/A

N-2/A

09/24/2026 · 4

Statement Of Changes In Beneficial Ownership

09/23/2026 · 424B3

424b3

09/23/2026 · 497AD

497ad

Frequently Asked Questions

We want to bring as much transparency as possible to accessing private market investing. If you're not finding the answers you're looking for, contact us at Info@PWRL.com.

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.

PWRL includes exposure to SpaceX, OpenAI, Kalshi, Databricks, Stripe, Shield AI, Deel, Kraken, Vast Data, Tether, Colossal Biosciences, Mercor, Perplexity, Canva, Rippling, Saronic and Waymo, all in one Nasdaq-listed stock. Portfolio holdings are updated quarterly and NAV monthly; September’s year-end NAV is reported within 60 days.

Powerlaw Corp. (Nasdaq: PWRL) is the first product of Powerlaw Capital Group and advised by Powerlaw Fund Adviser, LLC. The firm is backed by Akkadian Ventures' 16-year heritage in private-company secondary markets.

Portfolio holdings are carried at fair value, determined under the Fund's valuation policies with input from independent valuation sources. Inputs include recent primary financings, secondary market transactions and comparable-company multiples.

In an IPO, the Fund's position converts to listed equity, generally subject to a customary lock-up. In a sale, the Fund receives cash, stock, or a mix of consideration. Proceeds are reflected in NAV and may be available for reinvestment or distributions.

No. Shareholders own PWRL; the Fund owns the underlying private positions. Buying PWRL provides economic exposure to the portfolio through a single security listed on NASDAQ.

Powerlaw Corp. publishes monthly NAV and NAV per share, with quarterly portfolio disclosures. All filings are available on PWRL.com and through the SEC's EDGAR system.

Investing in PWRL involves a number of significant risks. Before you invest in PWRL, you should be aware of various risks associated with the investment, including those described in our prospectus. The prospectus contains this and other information about the Fund and is available free of charge at www.PWRL.com. You should carefully consider these risk factors, together with all of the other information included in the prospectus, before you decide whether to make an investment in PWRL.