Powerus Completes Merger with Aureus Greenway Holdings; Powerus Corporation to Ring Nasdaq Opening Bell, Trading as PUSA
Key Highlights
- ➤Merger completed October 1, 2026; AGH renamed Powerus Corporation
- ➤Shares continue trading on Nasdaq under PUSA
- ➤U.S. Air Force Guardian-2 IDIQ contract carries ceiling up to $90 million
- ➤Unusual Machines (UMAC) invested $30 million in Powerus
- ➤Powerus received approximately $2.5 million order for 1,500 FPV aircraft
Expert Statements
Matthew Saker, Former interim CEO of AGH
“When we agreed to combine with Powerus, the case was simple: a U.S.-headquartered autonomous systems company that was already building and selling. Today that company is public. That was the point of the transaction.”
Andrew Fox, Chief Executive Officer of Powerus
“Completing this transaction puts Powerus in a position to build at the scale our customers are asking for. Our focus does not change on October 1. The work is the same work.”
Brett Velicovich, Co-Founder of Powerus
“I spent most of my career as the person relying on this equipment in the field. That is the standard we build to, and it does not change because the company has a listing.”
* Powerus and Aureus Greenway Holdings completed their previously announced merger, effective October 1, 2026. * AGH has been renamed Powerus Corporation, and continues to operate as a public company. * Shares continue to trade on Nasdaq under the symbol PUSA. There was no change to the symbol in connection with completion. ROCK HILL, S.C., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, dba Powerus ("Powerus"), and Aureus Greenway Holdings Inc. (Nasdaq: PUSA) ("AGH") today announced that they have completed their previously announced merger, effective October 1, 2026.
Powerus merged with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity, and AGH has been renamed Powerus Corporation. Shares of the combined company continue to trade on the Nasdaq Capital Market under the symbol PUSA. AGH adopted that symbol earlier in anticipation of the combination, and there was no change to the symbol in connection with the completion.
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