Powerus to Complete Merger with Aureus Greenway Holdings October 1 and Trade as PUSA on Nasdaq
Key Highlights
- ➤Merger expected October 1, 2026, subject to remaining closing conditions
- ➤AGH (PUSA) will be renamed Powerus Corporation after merger completion
- ➤Combined company shares expected to continue trading on Nasdaq under PUSA
- ➤U.S. Air Force Guardian-2 IDIQ contract carries ceiling value up to $90 million
- ➤Unusual Machines (UMAC) made a $30 million strategic equity investment in Powerus
Expert Statements
Matthew Saker, Interim Chief Executive Officer of Aureus Greenway Holdings Inc.
“We continue to look forward to closing the combination with Powerus. I believe it reflects the exciting future ahead for our shareholders as we join forces with a company at the forefront of autonomous defense technology.”
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.”
* On completion, AGH will be renamed Powerus Corporation and Powerus will operate as a public company. * Shares will continue to trade on Nasdaq under the symbol PUSA. No change to the symbol is expected in connection with completion. ROCK HILL, S.C., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, dba Powerus (“Powerus”), and Aureus Greenway Holdings Inc. (Nasdaq: PUSA) (“AGH”), today announced that the parties currently expect to complete their previously announced merger tomorrow, on October 1, 2026, subject to the satisfaction of the remaining conditions to closing set out in the merger agreement.
On completion, Powerus will merge with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity, and AGH will adopt the name Powerus Corporation. Shares of the combined company are expected to continue trading on the Nasdaq Capital Market under the symbol PUSA. AGH adopted that symbol earlier in anticipation of the combination, and no change to the symbol is expected in connection with completion.
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