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Noticias de PWRL
Eventos de PWRL
Powerlaw Capital Files Registration for Second Fund
Powerlaw Capital has publicly filed a registration statement on Form N-2 with the U.S. Securities and Exchange Commission in connection with the proposed launch of its second registered fund. The filing follows the May 27th, 2026, direct listing of Powerlaw Corp., a closed-end fund designed to provide exposure to high-growth private technology companies through a single Nasdaq-listed security. The new fund is expected to be advised by Powerlaw Fund Adviser, LLC, and intends to apply to list as a publicly traded closed-end fund on a US securities exchange.
Powerlaw Authorizes 12-Month Share Repurchase Program
Powerlaw Board of Directors has authorized a 12-month share repurchase program. Under the repurchase program, Powerlaw Corp. may, but is not obligated to, purchase, through open market transactions, up to a total of 4,324,293 shares of its common stock, par value $0.001, which represents 10% of its outstanding common stock as of July 20, 2026. Purchases may only be made during periods when the Company's shares are trading at a 5% or greater discount to the Company's most recent publicly reported net asset value. Unless amended or extended by the Company's Board of Directors, the Company expects the repurchase program to be in place until the earlier of July 20, 2027, or until 4,324,293 shares of the Company's common stock have been repurchased.
Powerlaw Corp. Highlights Investments in Prometheus and Shield AI
Powerlaw Corp. highlighted its newest portfolio holdings, Prometheus and Shield AI, two companies at the center of the growing physical AI and autonomous defense systems categories. In addition, the company filed its latest Schedule of Investments as of June 30, 2026. "As the public markets prepare to celebrate the entry of pioneering AI leaders, we have been busy identifying the next cohort of generational AI companies, and believe Prometheus and Shield AI are part of that group," said Mike Dinsdale, CEO of Powerlaw Corp. "Prometheus and Shield AI reflect how significant value creation in today's most closely watched technology categories, physical AI and autonomous defense systems, continues to take place while companies remain private, limiting most investors from participating in that growth. At PWRL, we are on a mission to enable public investors to participate in the value creation that these future leaders are building in the historically exclusive private markets," continued Mr. Dinsdale.
Powerlaw Highlights Pre-IPO Investment in OpenAI
Powerlaw highlights its pre-IPO exposure to portfolio company OpenAI, which filed confidential paperwork for a potential initial public offering earlier this month. Recent reports indicate that the company may delay its IPO until 2027. "We backed OpenAI across three tranches starting in spring 2025," said Ben Black, CIO. "Since PWRL invested, OpenAI completed its recapitalization into OpenAI Group PBC, a public benefit corporation controlled by the nonprofit OpenAI Foundation, and based on media reports, let employees sell about $6.6B of stock at a $500B valuation, and then closed roughly $122B in primary capital, equating to an approximately $852B valuation, in a deal anchored by Amazon, NVIDIA, and SoftBank. Per media reports, OpenAI is now generating an estimated $2 billion in revenue per month with more than 900 million weekly users, with enterprise users already greater than 40% of revenue." OpenAI is one of the 18 high-growth private technology companies in the PWRL portfolio. The fund, which began trading on Nasdaq following a direct listing on May 27, 2026, invests across the sectors it believes are driving the next generation of innovation, including artificial intelligence, next-generation software, aerospace and defense, and consumer technology platforms.
Powerlaw Corp. Begins Trading on Nasdaq via Direct Listing
Powerlaw Corp., a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, has begun trading on Nasdaq following its direct listing. PWRL is the inaugural fund launched by Powerlaw Capital Group, LLC, an asset management platform focused on expanding access to private technology investing through publicly traded investment vehicles. PWRL is a closed-end fund registered under the Investment Company Act of 1940 and is designed to provide exposure to leading private technology companies through a single, Nasdaq-listed security. As a registered investment company, PWRL provides the reporting, governance, and investor protections applicable to publicly traded funds. Rather than conducting a traditional IPO, PWRL completed a direct listing following capital raised from its existing investor base and network. Following the listing, existing stockholders are able to trade shares through standard brokerage accounts, including eligible individual retirement accounts. PWRL invests across the sectors driving the next generation of technological innovation, including artificial intelligence, next-generation software, aerospace and defense, and consumer technology platforms. Portfolio disclosures are available at PWRL.com. Powerlaw Capital Group is backed by Akkadian Ventures. Since 2010, Akkadian has completed more than 875 primary and secondary transactions across 134 portfolio companies, providing liquidity solutions to founders, employees, and investors.
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