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.
