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Aureus Greenway Holdings, Inc. ( (AGH) ) has shared an announcement.
On March 9–10, 2026, Aureus Greenway Holdings Inc., a Florida-focused golf course owner and operator, moved to transform itself via a merger with Autonomous Power Corporation, which operates as Powerus and develops autonomous drone systems for defense, critical infrastructure and precision agriculture. The combined business, to be renamed Powerus Corporation and expected to list on Nasdaq under “PUSA,” will blend AGH’s existing real estate assets with Powerus’s U.S.-based manufacturing, heavy-lift unmanned aircraft, tactical defense platforms and maritime surveillance technologies.
AGH and Powerus signed a definitive merger agreement under which Powerus will merge into a newly formed AGH subsidiary, with both boards and a majority of shareholders approving, while closing remains subject to customary regulatory and registration conditions and is targeted for summer 2026. In parallel, Powerus secured a committed $50 million equity investment from Korea Climate & Governance Improvement Fund, aimed at strengthening allied-nation supply chains and domestic manufacturing, and AGH raised about $9 million in a March 10, 2026 private placement of 3,009,667 shares and pre-funded warrants to institutional investors including Unusual Machines and the Agostinelli Group, providing working capital to support the planned defense- and drone-focused platform.
The transaction is backed by notable U.S. investors associated with American Venture Partners, including Eric Trump and Donald Trump Jr., and by strategic support from Unusual Machines, reflecting growing institutional interest in U.S.-made autonomous systems as a critical infrastructure investment. Advisors Dominari Securities and Revere Securities are serving as financial advisers to AGH, with multiple law firms representing the parties, while AGH’s golf properties are expected to continue normal operations and potentially serve as test beds for Powerus precision agriculture drone applications, signaling an effort to leverage existing assets in the emerging autonomous systems ecosystem.
More about Aureus Greenway Holdings, Inc.
Aureus Greenway Holdings Inc. (Nasdaq: AGH) owns and operates golf course properties in Florida, including Kissimmee Bay Country Club and Remington Golf Club in the greater Orlando region. Following its planned merger, these properties are expected to continue operating and may be used as proving grounds for Powerus precision agriculture drone systems, linking AGH’s real estate assets to autonomous technology applications.
Powerus, the merger partner doing business as Autonomous Power Corporation, builds and scales autonomous drone systems for military and commercial use in high-risk environments. Through subsidiaries Kaizen Aerospace, Tandem Defense and Agile Autonomy, it provides heavy-lift unmanned aerial systems, tactical defense platforms and maritime surveillance systems, backed by U.S.-based manufacturing and a leadership team experienced in taking companies public.
The combined company, to be named Powerus Corporation and expected to trade on Nasdaq as “PUSA,” aims to create an industrial infrastructure layer for autonomous systems across defense, critical infrastructure and precision agriculture. Strategic investors include American Venture Partners figures Eric Trump and Donald Trump Jr., as well as South Korea’s KCGI fund and leading U.S. drone manufacturer Unusual Machines, underscoring a focus on American-led autonomous systems and allied-nation supply chains.
Average Trading Volume: 578,669
Technical Sentiment Signal: Strong Buy
Current Market Cap: $76.03M
See more data about AGH stock on TipRanks’ Stock Analysis page.