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 (NAV). 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.

"We are focused on our investment objective of long-term capital appreciation, and this repurchase authorization is in line with that goal," said Mike Dinsdale, CEO of Powerlaw Corp. "We believe the growth we have already seen in NAV is indicative of the value we’re building in Powerlaw, and we will invest in the fund’s shares opportunistically to capitalize on that value, while continuing to actively manage the fund and add positions in what we believe are the most promising private companies in tech."

Purchases under the repurchase program may be effected at management’s discretion as to timing and amount, provided that the Company complies with the prohibitions under its Code of Ethics, Insider Trading Policy and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended, including certain price, market volume and timing constraints. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases under the repurchase program

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