Aureus Greenway Holdings Inc. (NASDAQ: AGH) entered into a $20 million bridge loan with Autonomous Power Corporation, doing business as Powerus, to provide working capital and support the ongoing execution of their announced business combination. The loan is structured to fund Powerus’s manufacturing readiness and inventory levels for key programs, including the Guardian‑1 counter‑drone interceptor, FireShield autonomous firefighting system, and the SPY thermal‑capable platform.
The bridge financing gives AGH additional liquidity while the transaction moves toward regulatory and shareholder approvals. It also allows Powerus to maintain production cadence and inventory for its high‑growth defense and precision‑agriculture products, positioning the combined entity to capture demand in those markets. The loan is a significant capital deployment for a micro‑cap that previously raised $29 million in its IPO and a $9.029 million private placement on March 10 2026.
Powerus’s product portfolio—Guardian‑1, FireShield, and SPY—targets defense, critical infrastructure, and precision agriculture sectors. Guardian‑1 offers a cost‑effective counter‑drone solution, while FireShield and SPY expand the company’s autonomous systems footprint. The loan supports the scaling of these technologies, which are central to the strategic rationale behind the merger.
AGH has historically operated golf courses and reported $3.30 million in revenue for the twelve months ended December 31 2024, a 7.21% decline year over year. Despite losses, the company maintained a strong balance sheet with a high current ratio and low debt‑to‑equity ratio, providing a solid foundation for the bridge loan and the upcoming merger. The financing underscores AGH’s shift from its legacy business to a high‑growth technology platform.
Interim CEO Matthew J. Saker said the bridge loan “reflects continued confidence in the Powerus platform and a commitment to supporting execution as we work toward closing the proposed business combination.” CEO Andrew Fox of Powerus added that the loan “strengthens our ability to execute near‑term manufacturing objectives and maintain inventory and production cadence required by our business plan.”
The bridge loan is a key step in the integration process, ensuring that both companies can maintain momentum while the transaction progresses toward regulatory and shareholder approvals. It also signals to investors that AGH is actively managing liquidity and positioning the combined entity for growth in defense and autonomous systems markets.
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