Aureus Greenway Holdings Inc. (NASDAQ: AGH) entered into a definitive merger agreement with Autonomous Power Corporation, doing business as Powerus, on March 09 2026. The deal will combine AGH’s two Florida golf courses with Powerus’s domestic drone manufacturing and autonomous systems expertise for military and commercial applications.
Under the terms of the agreement, Powerus will merge into a newly‑formed subsidiary of AGH, with Powerus remaining the surviving entity and AGH adopting the name Powerus Corporation. The combined company will trade on Nasdaq under the ticker “PUSA” and is expected to close in the summer of 2026, subject to customary regulatory approvals and the effectiveness of a registration statement on Form S‑4.
In addition to the merger, AGH completed a private placement of 3,009,667 shares at $3.00 per share, raising approximately $9 million before fees. The placement closed on March 09 2026, and the proceeds are earmarked for working capital and general corporate purposes, positioning the combined entity to invest in the growing autonomous technology market.
The transaction represents a strategic pivot for AGH, which has struggled with negative operating and net margins of –112.44% and –95.22% respectively. By acquiring Powerus, AGH will shift from a leisure‑focused business to a defense‑technology company, while its two Florida golf courses may serve as proving grounds for Powerus’s precision agriculture drone systems.
Matthew J. Saker, AGH’s interim CEO, said, “The need for and uses of autonomous technologies, such as those produced by Powerus, are front page news given developments in the Middle East and elsewhere. This business combination is not just a compelling opportunity for AGH stockholders, but one made even more relevant by current geopolitical uncertainties.” Brett Velicovich, Powerus co‑founder, added, “Powerus was built by individuals who have spent years operating in active combat environments where this technology must perform. We know what works, we've seen what fails, and what operators relying on these systems actually need because we have been alongside them in battle. The opportunity in front of us is significant, and we intend to capture it.”
The announcement was welcomed by investors, including the Trump family, the Korea Climate & Governance Improvement Fund (KCGI), and Unusual Machines, all of whom have invested in the private placement. The involvement of these high‑profile investors underscores confidence in Powerus’s technology and the strategic fit with AGH’s new direction.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.