Aureus Greenway Holdings and autonomous drone systems company Powerus entered into a definitive merger agreement under which Powerus will merge into a newly formed Aureus Greenway subsidiary, with Powerus as the surviving entity. The combined company is expected to operate as Powerus and seek a Nasdaq listing under the ticker PUSA, while Aureus Greenway shares are expected to trade under AGH until closing. The transaction is expected to close in summer 2026, subject to customary closing conditions. Separately, KCGI committed to purchase USD 50 million of Powerus common stock by April 6, 2026. Aureus Greenway also agreed to sell 3,009,667 shares in a private placement for gross proceeds of about USD 9.03 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aureus Greenway Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-009672), on March 11, 2026, and is solely responsible for the information contained therein.