PWRL Powerlaw Corp

$PWRL $VCX I wrote a script that extracts 300+ closed end funds from robinhood $HOOD to get the NAV and current price to calculate a premium or discount. There are 360 CEFs but due to stale info on robinhood’s backend I could only get around 300. That being said $PWRL is the 4th biggest discount of all CEFs examined at (31.4%). Meanwhile $VCX is the 2nd biggest premium at 66%. They both are really quite similar in their VC/tech exposure profile. So there really is a huge fundamental disconnect here. $NSLR is also cheap but it doesn’t have a NAV provided by robinhood.

$PWRL the NAV was last reported at $14.69 but with $SPCX recovery since the end of July the NAV is closer to $15.9. This marks a 39% NAV discount. The cheapest CEFs I could find with a comparable discount are $BPRE at 44% and $HFRO at 38%. But those are idiosyncratic real-estate funds which carry a lot of risk, not late stage well established private tech companies like OpenAI, Databricks, Kalshi, Shield AI, and of course not SpaceX. Better apples to apples comparison to PWRL is $VCX which trades at a premium with a similar portfolio. This really is remarkable. PowerLaw just had a share lockup end last month so perhaps that explains the big 20% drop this past month. Late November has the final share lockup. Also PWRL cannot issue any shares below NAV, and since we are almost 40% below NAV there will not be any dilution in the foreseeable future. The lack of any recent posts on this message board is also interesting

$PWRL annual dividend yield is ~8.8% (the yield of 6% is based on the NAV not stock price) with a NAV discount of 32.5%. Truly incredible you get to own a fund that is 30% + below its fair value with a nearly 9% dividend. Usually the only way you can get such yields is distressed companies like $WU , $KSS etc or perhaps junk bonds

$PWRL I am bullish on SPCX but difficult to understand why anyone would buy the stock rather than PWRL which is trading at a 35% discount to NAV with a 30%+ position in SPCX which is already up from the last NAV as of 8/31.

$PWRL The management company that organized this closed end fund are idiots. They should have aggressively been buying the stock at a 30% discount. The trading volume is pathetic. We need someone like Boaz Weinstein to come in and buy a lot of stock, drop the management fee and kick out Akkadian.

$PWRL Set a buy order at 8,7 for one more batch if we get there this will be dirt cheap

$PWRL looks like a downtrend that'll eventually break to the upside around $8.75. Still some downside remaining