PowerLaw10 LLC

PowerLaw10 LLC (PWRL) News & Events

$11.710

-0.197 (-1.68%)At close

PWRL News

PWRL Events

9/23 09:00

Powerlaw Announces 6% Annual Dividend Program for FY 2027

Powerlaw announced a series of corporate actions designed to continue to deliver stockholder value: The Fund's Board of Directors has approved an annual dividend program for the Fund's fiscal year 2027, which begins on October 1, and has declared the first three monthly dividends under the program. The Fund intends to declare and pay monthly dividends to stockholders at an annual rate of 6% based on the Fund's August 31, 2026 NAV of $16.23 per share, which translates into a monthly dividend equal to $0.0812 per share. For all stockholders of record as of October 20, 2026, the Fund intends to pay the first dividend on October 30. The Board of Directors may amend or terminate the dividend program at any time. In addition to the above monthly dividends, the Fund intends to declare required year-end tax distributions, if any, in December 2026 and pay them during the first quarter of 2027. To enhance market float and trading liquidity, the Fund has waived the remaining lock-up restrictions for non-affiliated stockholders. The strategic partial sale of the Fund's SpaceX shares to fund dividends, tax distributions, and new private-market investments, demonstrating the Fund's realize-and-reinvest model in action. The appointment of three senior professionals at Powerlaw Capital Group, strengthening capabilities across deal execution, corporate strategy, distribution channels, and investor relations.

7/24 09:00

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.

7/21 08:30

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.

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