Powerlaw Corp. Declares 6% Annual Dividend, Waives Non-Affiliate Lock-Ups

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Powerlaw Corp. announced an annual dividend program at a 6% rate and the early waiver of all remaining non-affiliate lock-up restrictions on its shares. The Board of Directors approved the program for fiscal year 2027, which begins October 1, 2026, declaring the first three monthly dividends at an annual rate of 6% based on the Fund's August 31, 2026 NAV of $16.23 per share, equal to $0.0812 per share monthly, with the first payment due October 30, 2026 to stockholders of record as of October 20, 2026. Effective September 24, 2026, the Fund waived the remaining lock-up restrictions on non-affiliate shares that would otherwise have been released on November 23, 2026, making 13,716,695 additional shares eligible for immediate sale; the waiver does not apply to directors, officers, employees or contractors. The Fund also disclosed that on September 2, 2026 it sold its first tranche of SpaceX shares for approximately $19.0 million, or $140 per share, as part of its realize-and-reinvest model, and announced three senior appointments at Powerlaw Capital Group: Aayush Phumbhra as Senior Vice President and Partner, Steve Blatney as Vice President of Channel and Distribution, and Nicole Bellefeuille as Vice President of Investor Relations. Management will host a conference call and webcast on September 30, 2026 to discuss the announcements.

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Space Economy▲ · 1 stocks
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Powerlaw Capital GroupPrivate▲ Positive
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Powerlaw declared a 6% annual dividend program and waived non-affiliate lock-ups, plus announced senior appointments