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Aureus Greenway Holdings, Inc. ( (AGH) ) has provided an announcement.
On March 20, 2026, Aureus Greenway Holdings agreed to purchase a $20 million senior unsecured convertible promissory note from Autonomous Power Corporation as bridge financing to support APC’s near-term working capital and manufacturing readiness ahead of their proposed business combination. The note, bearing 10% annual interest and maturing in one year, is convertible into APC common stock and was issued in a private transaction exempt from Securities Act registration.
Also on March 20, 2026, AGH entered into a consulting agreement with C&H Capital for investor relations and communications support related to the proposed merger, involving a $5,000 monthly fee and up to 200,000 restricted common shares over two years. The same day, AGH’s board approved a 200,000-unit restricted stock award for Interim CEO Matthew J. Saker, contingent on future shareholder approval of an omnibus equity incentive plan, underscoring efforts to align executive incentives with the strategic transaction.
In a March 23, 2026 press release, AGH highlighted that the $20 million bridge loan to Powerus is intended to fund inventory and production for key programs, including Guardian-1 counter-drone interceptors, FireShield autonomous firefighting systems and the SPY thermal-capable platform. The financing is designed to maintain operational momentum at Powerus and bolster the combined company’s positioning in autonomous defense and critical infrastructure systems as the merger process advances.
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. The company has entered into a definitive business combination agreement with Autonomous Power Corporation, doing business as Powerus, which focuses on autonomous systems for defense, critical infrastructure and precision agriculture.
Average Trading Volume: 730,262
Technical Sentiment Signal: Strong Buy
Current Market Cap: $73.77M
Learn more about AGH stock on TipRanks’ Stock Analysis page.