Powerlaw Corp.’s unaudited NAV per share rose 10.5% to $16.23 at August 31 from $14.69 at July 31, while total NAV stood at $700.5 million. Investors should note that private investments lack readily available market quotations, so the valuation uses board-approved fair-value methods and significant judgment.

Key Highlights

  • Powerlaw Corp.’s update covers 43,160,796 shares of common stock.
  • The prospectus supplement is dated September 15 and supplements a May 20 prospectus.
  • Private investments are valued using board-approved fair-value methodologies because readily available market quotations are unavailable.

Prospectus Supplement Updates August Metrics

Total NAV was $700.5 million. Powerlaw Corp. (NASDAQ: PWRL) updated information covering 43,160,796 shares of common stock under its prospectus framework. The supplement is dated September 15 and concerns unaudited financial metrics for the month ended August 31, including the fund’s NAV. It supplements the prospectus dated May 20 and identifies July 31 as the date attached to the prior NAV comparison.

Private Asset Valuations Require Significant Judgment

Powerlaw Corp. says the reported NAV was calculated under its valuation policies. Those methodologies involve significant judgment. The private-investment portion is therefore valued through approved fair-value methods rather than quoted market prices.