Powerlaw Corp. (NASDAQ: PWRL), a closed-end fund focused on investing in technology startups, announced that its board of directors has approved a 12-month share repurchase program. Under the program, the company may repurchase up to a total of 4,324,293 shares of common stock in the open market, representing approximately 10% of its issued shares as of July 20, 2026.

　　The repurchase program sets clear price thresholds: the company may conduct buybacks only when its share price is at a discount of 5% or more relative to the latest published net asset value per share. According to the company’s disclosed monthly data, as of June 30, 2026, its net asset value per share was $16.21, up from $15.31 at the end of May, with total assets of $700.9 million. The repurchase program will run until July 20, 2027, or until the cumulative repurchases reach the specified share amount.

Mike Dinsdale, the Company’s Chief Executive Officer, said that this share repurchase authorization is consistent with the company’s investment objective of pursuing long-term capital appreciation. He believes that the continued growth in net asset value has already reflected the value the company is creating. The company will repurchase shares in a timely manner, subject to compliance with applicable regulations, while continuing to actively manage its investment portfolio and increase its holdings in the private technology companies with the greatest potential.

Powerlaw’s portfolio focuses on approximately 12 to 15 late-stage technology companies, in areas such as artificial intelligence, next-generation software, aerospace and defense. Its holdings include several well-known private tech enterprises that are not publicly listed, such as SpaceX, OpenAI, Databricks, Stripe, and Perplexity. The company went public on Nasdaq in May 2026 and has not conducted any share repurchases to date.