CORRECTING and REPLACING Powerlaw Corp. (Nasdaq: PWRL) Announces Share Repurchase Authorization to Purchase up to 10% of Outstanding Common Shares
Please replace the release dated July 21, 2026, with the following corrected version due to multiple revisions.
The updated release reads:
POWERLAW CORP. (NASDAQ: PWRL) ANNOUNCES SHARE REPURCHASE AUTHORIZATION TO PURCHASE UP TO 10% OF OUTSTANDING COMMON SHARES
Powerlaw Corp. (Nasdaq: PWRL), a publicly traded closed-end fund advised by Powerlaw Fund Adviser, LLC, today announced that its 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 Powerlaw Corp.’s shares are trading at a 5% or greater discount to its most recent publicly reported net asset value (NAV). Unless amended or extended by its Board of Directors, Powerlaw Corp. expects the repurchase program to be in place until the earlier of July 20, 2027, or until 4,324,293 shares of its common stock have been purchased.
