{"success":true,"data":{"pressRelease":{"id":"157075","rtpr_id":"nGNXbgvdNs-20260930","ticker":"PUSA","exchange":"NASDAQ","all_tickers":["PUSA"],"title":"Powerus to Complete Merger with Aureus Greenway Holdings October 1 and Trade as PUSA on Nasdaq","author":"Globe Newswire","published_at":"2026-09-30T15:37:52.126Z","article_body":"* On completion, AGH will be renamed Powerus Corporation and Powerus will\noperate as a public company. \n* Shares will continue to trade on Nasdaq under the symbol PUSA. No change to\nthe symbol is expected in connection with completion.\nROCK HILL, S.C., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Autonomous Power\nCorporation, dba Powerus (“Powerus”), and Aureus Greenway Holdings Inc.\n(Nasdaq: PUSA) (“AGH”), today announced that the parties currently expect\nto complete their previously announced merger tomorrow, on October 1, 2026,\nsubject to the satisfaction of the remaining conditions to closing set out in\nthe merger agreement.\n\nOn completion, Powerus will merge with and into a newly formed subsidiary of\nAGH, with Powerus continuing as the surviving entity, and AGH will adopt the\nname Powerus Corporation. Shares of the combined company are expected to\ncontinue trading on the Nasdaq Capital Market under the symbol PUSA. AGH\nadopted that symbol earlier in anticipation of the combination, and no change\nto the symbol is expected in connection with completion.\n\nThe registration statement on Form S-4 relating to the merger was declared\neffective by the Securities and Exchange Commission, and the definitive\ninformation statement prospectus has been mailed to AGH stockholders.\nCompletion of the merger remains subject to the satisfaction or waiver of the\nremaining conditions set out in the merger agreement. There can be no\nassurance that those conditions will be satisfied, that the merger will be\ncompleted on the expected timeline, or that it will be completed at all.\n\n“We continue to look forward to closing the combination with Powerus,\" said\nMatthew Saker, Interim Chief Executive Officer of Aureus Greenway Holdings\nInc. \"I believe it reflects the exciting future ahead for our shareholders as\nwe join forces with a company at the forefront of autonomous defense\ntechnology.\"\n\n“Completing this transaction puts Powerus in a position to build at the\nscale our customers are asking for,” said Andrew Fox, Chief Executive\nOfficer of Powerus. “Our focus does not change on October 1. The work is the\nsame work.”\n\n“I spent most of my career as the person relying on this equipment in the\nfield,” said Brett Velicovich, Co-Founder of Powerus. “That is the\nstandard we build to, and it does not change because the company has a\nlisting.”\n\nRecent Powerus Milestones\n\nThe completion of the merger will follow a series of previously announced\nPowerus developments:\n* A purchase order from a defense prime contractor for the U.S. Department of\nWar, valued at approximately $2.5 million, according to Powerus, for 1,500\nU.S.-manufactured FPV aircraft, together with pilot kits and spare parts kits.\nAs previously disclosed, that order does not guarantee future orders, a\ncontinuing customer relationship, or program-of-record status.\n* A competitively awarded U.S. Air Force\nindefinite-delivery/indefinite-quantity (IDIQ) contract for the Company's\nGuardian-2 counter-drone interceptor, with a ceiling value of up to $90\nmillion and a term running through mid-2028. An IDIQ contract establishes a\nmaximum value; orders are placed at the government's discretion and actual\nawards may be materially less than the ceiling.\n* A limited procurement order from the U.S. Air Force for Guardian-2\nInterceptor systems, placed following a successful demonstration. As\npreviously disclosed, that order does not guarantee future orders, a\ncontinuing customer relationship, or program-of-record status.\n* Advancement to Phase 3 of the U.S. Army's xTech Adaptive Strike Competition,\nfollowing a Phase 2 field evaluation. Participation in a prize competition\ndoes not constitute a procurement contract or a commitment to purchase.\n* The launch of a Powerus agriculture division, together with a $60 million,\naccording to Powerus, Australia-New Zealand distribution agreement, including\nan exclusive agency and distribution agreement with Aerospread Technologies\nLimited of Napier, New Zealand, and a U.S. partnership with Sprig Aerospace.\nDistribution agreements establish sales arrangements and do not represent firm\npurchase commitments.\n* A $30 million, according to Powerus, strategic equity investment in Powerus\nby Unusual Machines, Inc., deepening the companies' existing supply and\nmanufacturing relationship.\n* An order placed by Powerus with Unusual Machines valued at more than $5\nmillion, according to Powerus, for U.S.-made, NDAA-compliant components for\ncounter-UAS systems and related drone platforms. This is a purchase by Powerus\nand does not represent Powerus revenue.\n* A memorandum of understanding with UAV software company Swarmer, Inc. to\nexplore the technical and operational feasibility of integrating Swarmer's\nswarming and coordination software with the Powerus autonomous systems\narchitecture. The collaboration is exploratory; a memorandum of understanding\nis not a definitive agreement and may not result in one.\n* The establishment of a dedicated Guardian counter-UAS manufacturing facility\nin the United Arab Emirates, through a multi-year partnership with a regional\ndefense manufacturer. The arrangement does not guarantee any particular level\nof production, sales, or continuing relationship with the regional partner.\n* Designation by the U.S. Department of War as an industry participant\nsupporting Falcon Peak 26.2, a U.S. Northern Command and Joint Interagency\nTask Force 401 counter-unmanned aircraft systems experiment at Yuma Proving\nGround. Participation as an industry participant in an experiment does not\nconstitute a procurement contract or a commitment to purchase.\n* A limited procurement order from the Ministry of Defence of the Islamic\nRepublic of Pakistan for unmanned aerial systems and associated support, and a\nstrategic memorandum of understanding with senior Pakistani defense officials.\nNo other terms of the order have been disclosed, and the memorandum of\nunderstanding is not a definitive agreement and may not result in one.\nAbout Powerus\n\nPowerus (Autonomous Power Corporation) builds and scales unified autonomous\nsystems designed to move, protect, and sustain critical assets in high-risk\nenvironments, with capabilities spanning heavy-lift platforms, autonomous air\nsystems, autonomous maritime systems, mission systems, training and support,\nand U.S.-based manufacturing. Powerus previously announced a proposed merger\nwith AGH (Nasdaq: PUSA); the merger has not closed and remains subject to the\nsatisfaction of customary closing conditions and applicable regulatory\napprovals. Learn more at power.us.\n\nProposed Merger\n\nPowerus has previously announced a proposed merger with Aureus Greenway\nHoldings Inc. (Nasdaq: PUSA). Under the terms of the previously announced\nagreement, Powerus will merge with and into a newly formed subsidiary of AGH,\nwith Powerus continuing as the surviving entity and AGH adopting the name\n“Powerus Corporation.” AGH has changed its Nasdaq ticker to PUSA in\nanticipation of its pending combination with Powerus, expected to close on or\nabout October 1, 2026, subject to customary closing conditions and receipt of\nrequired regulatory approvals. There can be no assurance that the proposed\ntransactions will be consummated or as to the timing of any such consummation.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. As to the expected\ncompletion of the merger, these statements include but are not limited to\nstatements regarding the expected timing of completion, the satisfaction of\nthe remaining closing conditions, the renaming of AGH as Powerus Corporation,\nthe continued listing and trading of the combined company's shares on Nasdaq\nunder the symbol PUSA, the operation of Powerus as a public company following\ncompletion, and the previously announced developments described in this\nrelease. Forward-looking statements may be identified by terminology such as\n“may,” “will,” “should,” “targets,” “plans,”\n“intends,” “goal,” “anticipates,” “expects,” “believes,”\n“potential,” or “continue” or negatives of such terms or other\ncomparable terminology. These statements are based on current expectations and\nassumptions and are subject to risks and uncertainties that could cause actual\nresults to differ materially.\n\nAs to the proposed business combination between Powerus and AGH, these\nstatements include, without limitation, statements regarding the proposed\nmerger between Powerus and AGH; the anticipated benefits of the merger; the\nexpected timing of the completion of the merger; the anticipated listing and\ntrading of the combined company's securities; future financial and operating\nresults; the plans, objectives, expectations and intentions of either company\nor of the combined company following the merger; anticipated future results of\neither company or of the combined company following the merger; and the\nanticipated benefits and strategic and financial rationale of the merger and\nother statements that are not historical facts and its expected timing.\n\nAll forward-looking statements are subject to risks, uncertainties and other\nfactors that may cause actual results, performance or achievements to differ\nmaterially from any results expressed or implied by such forward-looking\nstatements. As to the expected completion of the merger described in this\nrelease, such factors include, without limitation: (1) that one or more of the\nremaining conditions to closing may not be satisfied or waived, on the\nexpected timeline or at all; (2) that completion may be delayed beyond October\n1, 2026, or beyond the outside date set out in the merger agreement; (3) that\nthe merger agreement may be terminated in accordance with its terms before\ncompletion; (4) that continued listing requirements of the Nasdaq Capital\nMarket may not be satisfied; (5) that required regulatory approvals or third\nparty consents may be delayed, conditioned, or withheld; (6) that an event,\nchange or circumstance may arise that gives rise to a termination right; (7)\nthat legal or regulatory proceedings may be instituted in connection with the\nmerger; and (8) that market, economic, political or other conditions may\nchange between the date of this release and completion.\n\nAs to the previously announced developments described in this release, such\nfactors include, among others: (1) that the U.S. Air Force IDIQ contract\nestablishes a ceiling value only, that orders are placed at the government's\ndiscretion, that actual orders may be materially less than the ceiling or may\nnot be placed at all, and that the contract is subject to termination for\nconvenience, funding contingencies and task-order variability; (2) that the\npreviously disclosed limited procurement orders do not guarantee future\norders, a continuing customer relationship, or program-of-record status; (3)\nthat advancement in the xTech Adaptive Strike Competition does not constitute\na procurement contract and may not result in any award or purchase; (4) that\nthe Agriculture division distribution agreements with Aerospread Technologies\nLimited and Sprig Aerospace establish sales arrangements rather than firm\npurchase commitments, that stated values may not be realized in whole or in\npart, and that realization depends on end-customer demand, regulatory\napprovals and counterparty performance; (5) that required export licenses,\nauthorizations or other governmental consents may be delayed, denied or made\nsubject to conditions; (6) that the memorandum of understanding with Swarmer,\nand the memorandum of understanding with Pakistani defense officials, may not\nresult in definitive agreements or produce any commercial benefit; (7) that\nthe United Arab Emirates manufacturing arrangement does not guarantee any\nparticular level of production, sales, or continuing relationship with the\nregional partner; (8) that designation as a Falcon Peak 26.2 industry\nparticipant does not constitute a procurement contract or a commitment to\npurchase; and (9) other Powerus-specific operational uncertainties, including\nrisks related to production scale-up, subsidiary integration, and reliance on\nthird-party suppliers and government customers.\n\nAs to the announced merger agreement, such factors include, among others: (1)\nthe risk of delays in consummating the potential transaction, including as a\nresult of required regulatory approvals, including Nasdaq listing requirements\nwhich may not be obtained on the expected timeline, or at all; (2) the risk of\nany event, change or other circumstance that could give rise to the\ntermination of the merger agreement; (3) the possibility that any of the\nanticipated benefits and projected synergies of the potential transactions\nwill not be realized or will not be realized within the expected time period;\n(4) the limited operational history of Powerus as a combined organization and\nintegration risks of acquired businesses; (5) diversion of management's\nattention or disruption to the parties' businesses as a result of the\nannouncement and pendency of the transaction, including potential distraction\nof management from current plans and operations of AGH or Powerus and the\nability of AGH or Powerus to retain and hire key personnel; (6) reputational\nrisk and the reaction of each company's customers, suppliers, employees or\nother business partners to the transaction; (7) the possibility that the\ntransaction may be more expensive to complete than anticipated, including as a\nresult of unexpected factors or events; (8) the outcome of any legal or\nregulatory proceedings that may be instituted against AGH or Powerus related\nto the merger agreement or the transaction; (9) the risks associated with\nthird party contracts containing consent and/or other provisions that may be\ntriggered by the proposed transaction; (10) legislative, regulatory,\npolitical, market, economic and other conditions, developments and\nuncertainties affecting AGH's or Powerus's businesses; (11) the evolving\nlegal, regulatory, tax, and international trade regimes; (12) the nature, cost\nand outcome of potential litigation and other legal proceedings, including any\nsuch proceedings related to the transactions; (13) restrictions during the\npendency of the proposed transaction that may impact AGH's or Powerus's\nability to pursue certain business opportunities or strategic transactions;\nand (14) unpredictability and severity of catastrophic events, including, but\nnot limited to, extreme weather, natural disasters, acts of terrorism or\noutbreak of war or hostilities, as well as AGH's and Powerus's response to any\nof the aforementioned factors.\n\nIn connection with the proposed merger, AGH has filed relevant materials with\nthe SEC, including a registration statement on Form S-4, which includes an\ninformation statement prospectus, and may file additional materials in the\nfuture. Investors and security holders are urged to read those materials\nbecause they contain important information. Forward-looking statements speak\nonly as of the date of this release, and except as required by law, neither\ncompany undertakes any obligation to update them. This release does not\nconstitute an offer to sell or the solicitation of an offer to buy any\nsecurities.\n\nNo Offer or Solicitation\n\nThis document is for informational purposes only and is not intended to and\nshall not constitute an offer to buy or sell or the solicitation of an offer\nto buy or sell any securities, or a solicitation of any vote or approval, nor\nshall there be any sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offering of securities\nshall be made, except by means of a prospectus meeting the requirements of\nSection 10 of the U.S. Securities Act of 1933, as amended.\n\nImportant Information and Where to Find It\n\nIn connection with the transaction, AGH has filed a registration statement on\nForm S-4 with the SEC, which includes an information statement prospectus of\nAGH, and has mailed a definitive information statement and prospectus to its\nstockholders. Investors and security holders are urged to read the\nregistration statement (and any other documents filed with the SEC in\nconnection with the transaction or incorporated by reference into the\nregistration statement) because such documents contain important information\nregarding the proposed transaction and related matters. Investors and security\nholders may obtain free copies of these documents and other documents filed\nwith the SEC by AGH through the website maintained by the SEC at\nhttp://www.sec.gov or at AGH's website at\nhttps://www.aureusgreenway.com/secfilings. \n\nContacts\n\nAGH Investor Relations\n\nJason Assad\n\n678-570-6791\n\nPowerus Press Contact\n\nEscalate PR\n\npr@power.us \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a3582307-96d7-410f-acf4-cc4e81acba34)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbgvdNs-20260930","title":"Powerus to Complete Merger with Aureus Greenway Holdings October 1 and Trade as PUSA on Nasdaq","author":"Globe Newswire","ticker":"PUSA","created":"2026-09-30T15:37:52.126Z","tickers":["PUSA"],"exchange":"NASDAQ","article_body":"* On completion, AGH will be renamed Powerus Corporation and Powerus will\noperate as a public company. \n* Shares will continue to trade on Nasdaq under the symbol PUSA. No change to\nthe symbol is expected in connection with completion.\nROCK HILL, S.C., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Autonomous Power\nCorporation, dba Powerus (“Powerus”), and Aureus Greenway Holdings Inc.\n(Nasdaq: PUSA) (“AGH”), today announced that the parties currently expect\nto complete their previously announced merger tomorrow, on October 1, 2026,\nsubject to the satisfaction of the remaining conditions to closing set out in\nthe merger agreement.\n\nOn completion, Powerus will merge with and into a newly formed subsidiary of\nAGH, with Powerus continuing as the surviving entity, and AGH will adopt the\nname Powerus Corporation. Shares of the combined company are expected to\ncontinue trading on the Nasdaq Capital Market under the symbol PUSA. AGH\nadopted that symbol earlier in anticipation of the combination, and no change\nto the symbol is expected in connection with completion.\n\nThe registration statement on Form S-4 relating to the merger was declared\neffective by the Securities and Exchange Commission, and the definitive\ninformation statement prospectus has been mailed to AGH stockholders.\nCompletion of the merger remains subject to the satisfaction or waiver of the\nremaining conditions set out in the merger agreement. There can be no\nassurance that those conditions will be satisfied, that the merger will be\ncompleted on the expected timeline, or that it will be completed at all.\n\n“We continue to look forward to closing the combination with Powerus,\" said\nMatthew Saker, Interim Chief Executive Officer of Aureus Greenway Holdings\nInc. \"I believe it reflects the exciting future ahead for our shareholders as\nwe join forces with a company at the forefront of autonomous defense\ntechnology.\"\n\n“Completing this transaction puts Powerus in a position to build at the\nscale our customers are asking for,” said Andrew Fox, Chief Executive\nOfficer of Powerus. “Our focus does not change on October 1. The work is the\nsame work.”\n\n“I spent most of my career as the person relying on this equipment in the\nfield,” said Brett Velicovich, Co-Founder of Powerus. “That is the\nstandard we build to, and it does not change because the company has a\nlisting.”\n\nRecent Powerus Milestones\n\nThe completion of the merger will follow a series of previously announced\nPowerus developments:\n* A purchase order from a defense prime contractor for the U.S. Department of\nWar, valued at approximately $2.5 million, according to Powerus, for 1,500\nU.S.-manufactured FPV aircraft, together with pilot kits and spare parts kits.\nAs previously disclosed, that order does not guarantee future orders, a\ncontinuing customer relationship, or program-of-record status.\n* A competitively awarded U.S. Air Force\nindefinite-delivery/indefinite-quantity (IDIQ) contract for the Company's\nGuardian-2 counter-drone interceptor, with a ceiling value of up to $90\nmillion and a term running through mid-2028. An IDIQ contract establishes a\nmaximum value; orders are placed at the government's discretion and actual\nawards may be materially less than the ceiling.\n* A limited procurement order from the U.S. Air Force for Guardian-2\nInterceptor systems, placed following a successful demonstration. As\npreviously disclosed, that order does not guarantee future orders, a\ncontinuing customer relationship, or program-of-record status.\n* Advancement to Phase 3 of the U.S. Army's xTech Adaptive Strike Competition,\nfollowing a Phase 2 field evaluation. Participation in a prize competition\ndoes not constitute a procurement contract or a commitment to purchase.\n* The launch of a Powerus agriculture division, together with a $60 million,\naccording to Powerus, Australia-New Zealand distribution agreement, including\nan exclusive agency and distribution agreement with Aerospread Technologies\nLimited of Napier, New Zealand, and a U.S. partnership with Sprig Aerospace.\nDistribution agreements establish sales arrangements and do not represent firm\npurchase commitments.\n* A $30 million, according to Powerus, strategic equity investment in Powerus\nby Unusual Machines, Inc., deepening the companies' existing supply and\nmanufacturing relationship.\n* An order placed by Powerus with Unusual Machines valued at more than $5\nmillion, according to Powerus, for U.S.-made, NDAA-compliant components for\ncounter-UAS systems and related drone platforms. This is a purchase by Powerus\nand does not represent Powerus revenue.\n* A memorandum of understanding with UAV software company Swarmer, Inc. to\nexplore the technical and operational feasibility of integrating Swarmer's\nswarming and coordination software with the Powerus autonomous systems\narchitecture. The collaboration is exploratory; a memorandum of understanding\nis not a definitive agreement and may not result in one.\n* The establishment of a dedicated Guardian counter-UAS manufacturing facility\nin the United Arab Emirates, through a multi-year partnership with a regional\ndefense manufacturer. The arrangement does not guarantee any particular level\nof production, sales, or continuing relationship with the regional partner.\n* Designation by the U.S. Department of War as an industry participant\nsupporting Falcon Peak 26.2, a U.S. Northern Command and Joint Interagency\nTask Force 401 counter-unmanned aircraft systems experiment at Yuma Proving\nGround. Participation as an industry participant in an experiment does not\nconstitute a procurement contract or a commitment to purchase.\n* A limited procurement order from the Ministry of Defence of the Islamic\nRepublic of Pakistan for unmanned aerial systems and associated support, and a\nstrategic memorandum of understanding with senior Pakistani defense officials.\nNo other terms of the order have been disclosed, and the memorandum of\nunderstanding is not a definitive agreement and may not result in one.\nAbout Powerus\n\nPowerus (Autonomous Power Corporation) builds and scales unified autonomous\nsystems designed to move, protect, and sustain critical assets in high-risk\nenvironments, with capabilities spanning heavy-lift platforms, autonomous air\nsystems, autonomous maritime systems, mission systems, training and support,\nand U.S.-based manufacturing. Powerus previously announced a proposed merger\nwith AGH (Nasdaq: PUSA); the merger has not closed and remains subject to the\nsatisfaction of customary closing conditions and applicable regulatory\napprovals. Learn more at power.us.\n\nProposed Merger\n\nPowerus has previously announced a proposed merger with Aureus Greenway\nHoldings Inc. (Nasdaq: PUSA). Under the terms of the previously announced\nagreement, Powerus will merge with and into a newly formed subsidiary of AGH,\nwith Powerus continuing as the surviving entity and AGH adopting the name\n“Powerus Corporation.” AGH has changed its Nasdaq ticker to PUSA in\nanticipation of its pending combination with Powerus, expected to close on or\nabout October 1, 2026, subject to customary closing conditions and receipt of\nrequired regulatory approvals. There can be no assurance that the proposed\ntransactions will be consummated or as to the timing of any such consummation.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995. As to the expected\ncompletion of the merger, these statements include but are not limited to\nstatements regarding the expected timing of completion, the satisfaction of\nthe remaining closing conditions, the renaming of AGH as Powerus Corporation,\nthe continued listing and trading of the combined company's shares on Nasdaq\nunder the symbol PUSA, the operation of Powerus as a public company following\ncompletion, and the previously announced developments described in this\nrelease. Forward-looking statements may be identified by terminology such as\n“may,” “will,” “should,” “targets,” “plans,”\n“intends,” “goal,” “anticipates,” “expects,” “believes,”\n“potential,” or “continue” or negatives of such terms or other\ncomparable terminology. These statements are based on current expectations and\nassumptions and are subject to risks and uncertainties that could cause actual\nresults to differ materially.\n\nAs to the proposed business combination between Powerus and AGH, these\nstatements include, without limitation, statements regarding the proposed\nmerger between Powerus and AGH; the anticipated benefits of the merger; the\nexpected timing of the completion of the merger; the anticipated listing and\ntrading of the combined company's securities; future financial and operating\nresults; the plans, objectives, expectations and intentions of either company\nor of the combined company following the merger; anticipated future results of\neither company or of the combined company following the merger; and the\nanticipated benefits and strategic and financial rationale of the merger and\nother statements that are not historical facts and its expected timing.\n\nAll forward-looking statements are subject to risks, uncertainties and other\nfactors that may cause actual results, performance or achievements to differ\nmaterially from any results expressed or implied by such forward-looking\nstatements. As to the expected completion of the merger described in this\nrelease, such factors include, without limitation: (1) that one or more of the\nremaining conditions to closing may not be satisfied or waived, on the\nexpected timeline or at all; (2) that completion may be delayed beyond October\n1, 2026, or beyond the outside date set out in the merger agreement; (3) that\nthe merger agreement may be terminated in accordance with its terms before\ncompletion; (4) that continued listing requirements of the Nasdaq Capital\nMarket may not be satisfied; (5) that required regulatory approvals or third\nparty consents may be delayed, conditioned, or withheld; (6) that an event,\nchange or circumstance may arise that gives rise to a termination right; (7)\nthat legal or regulatory proceedings may be instituted in connection with the\nmerger; and (8) that market, economic, political or other conditions may\nchange between the date of this release and completion.\n\nAs to the previously announced developments described in this release, such\nfactors include, among others: (1) that the U.S. Air Force IDIQ contract\nestablishes a ceiling value only, that orders are placed at the government's\ndiscretion, that actual orders may be materially less than the ceiling or may\nnot be placed at all, and that the contract is subject to termination for\nconvenience, funding contingencies and task-order variability; (2) that the\npreviously disclosed limited procurement orders do not guarantee future\norders, a continuing customer relationship, or program-of-record status; (3)\nthat advancement in the xTech Adaptive Strike Competition does not constitute\na procurement contract and may not result in any award or purchase; (4) that\nthe Agriculture division distribution agreements with Aerospread Technologies\nLimited and Sprig Aerospace establish sales arrangements rather than firm\npurchase commitments, that stated values may not be realized in whole or in\npart, and that realization depends on end-customer demand, regulatory\napprovals and counterparty performance; (5) that required export licenses,\nauthorizations or other governmental consents may be delayed, denied or made\nsubject to conditions; (6) that the memorandum of understanding with Swarmer,\nand the memorandum of understanding with Pakistani defense officials, may not\nresult in definitive agreements or produce any commercial benefit; (7) that\nthe United Arab Emirates manufacturing arrangement does not guarantee any\nparticular level of production, sales, or continuing relationship with the\nregional partner; (8) that designation as a Falcon Peak 26.2 industry\nparticipant does not constitute a procurement contract or a commitment to\npurchase; and (9) other Powerus-specific operational uncertainties, including\nrisks related to production scale-up, subsidiary integration, and reliance on\nthird-party suppliers and government customers.\n\nAs to the announced merger agreement, such factors include, among others: (1)\nthe risk of delays in consummating the potential transaction, including as a\nresult of required regulatory approvals, including Nasdaq listing requirements\nwhich may not be obtained on the expected timeline, or at all; (2) the risk of\nany event, change or other circumstance that could give rise to the\ntermination of the merger agreement; (3) the possibility that any of the\nanticipated benefits and projected synergies of the potential transactions\nwill not be realized or will not be realized within the expected time period;\n(4) the limited operational history of Powerus as a combined organization and\nintegration risks of acquired businesses; (5) diversion of management's\nattention or disruption to the parties' businesses as a result of the\nannouncement and pendency of the transaction, including potential distraction\nof management from current plans and operations of AGH or Powerus and the\nability of AGH or Powerus to retain and hire key personnel; (6) reputational\nrisk and the reaction of each company's customers, suppliers, employees or\nother business partners to the transaction; (7) the possibility that the\ntransaction may be more expensive to complete than anticipated, including as a\nresult of unexpected factors or events; (8) the outcome of any legal or\nregulatory proceedings that may be instituted against AGH or Powerus related\nto the merger agreement or the transaction; (9) the risks associated with\nthird party contracts containing consent and/or other provisions that may be\ntriggered by the proposed transaction; (10) legislative, regulatory,\npolitical, market, economic and other conditions, developments and\nuncertainties affecting AGH's or Powerus's businesses; (11) the evolving\nlegal, regulatory, tax, and international trade regimes; (12) the nature, cost\nand outcome of potential litigation and other legal proceedings, including any\nsuch proceedings related to the transactions; (13) restrictions during the\npendency of the proposed transaction that may impact AGH's or Powerus's\nability to pursue certain business opportunities or strategic transactions;\nand (14) unpredictability and severity of catastrophic events, including, but\nnot limited to, extreme weather, natural disasters, acts of terrorism or\noutbreak of war or hostilities, as well as AGH's and Powerus's response to any\nof the aforementioned factors.\n\nIn connection with the proposed merger, AGH has filed relevant materials with\nthe SEC, including a registration statement on Form S-4, which includes an\ninformation statement prospectus, and may file additional materials in the\nfuture. Investors and security holders are urged to read those materials\nbecause they contain important information. Forward-looking statements speak\nonly as of the date of this release, and except as required by law, neither\ncompany undertakes any obligation to update them. This release does not\nconstitute an offer to sell or the solicitation of an offer to buy any\nsecurities.\n\nNo Offer or Solicitation\n\nThis document is for informational purposes only and is not intended to and\nshall not constitute an offer to buy or sell or the solicitation of an offer\nto buy or sell any securities, or a solicitation of any vote or approval, nor\nshall there be any sale of securities in any jurisdiction in which such offer,\nsolicitation or sale would be unlawful prior to registration or qualification\nunder the securities laws of any such jurisdiction. No offering of securities\nshall be made, except by means of a prospectus meeting the requirements of\nSection 10 of the U.S. Securities Act of 1933, as amended.\n\nImportant Information and Where to Find It\n\nIn connection with the transaction, AGH has filed a registration statement on\nForm S-4 with the SEC, which includes an information statement prospectus of\nAGH, and has mailed a definitive information statement and prospectus to its\nstockholders. Investors and security holders are urged to read the\nregistration statement (and any other documents filed with the SEC in\nconnection with the transaction or incorporated by reference into the\nregistration statement) because such documents contain important information\nregarding the proposed transaction and related matters. Investors and security\nholders may obtain free copies of these documents and other documents filed\nwith the SEC by AGH through the website maintained by the SEC at\nhttp://www.sec.gov or at AGH's website at\nhttps://www.aureusgreenway.com/secfilings. \n\nContacts\n\nAGH Investor Relations\n\nJason Assad\n\n678-570-6791\n\nPowerus Press Contact\n\nEscalate PR\n\npr@power.us \n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a3582307-96d7-410f-acf4-cc4e81acba34)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T15:37:52.166472804Z","server_sent_at_ms":1790782672166},"received_at":"2026-09-30T15:37:52.318Z","source_url":null},"analysis":{"id":"145750","press_release_id":"157075","analysis_json":{"industry":{"label":"Aerospace & Defense","sector":"Industrials"},"redFlags":["Merger completion not assured — closing conditions may not be satisfied; deal could be delayed or terminated","IDIQ ceiling of $90M does not guarantee orders; limited procurement orders do not confer program-of-record status","Distribution agreement values ($60M) and MOUs are not firm purchase commitments","Continued Nasdaq listing requirements may not be satisfied","Reliance on third-party suppliers and limited operating history of combined company"],"eventType":"m_and_a","narrative":"Powerus and Aureus Greenway Holdings announced they expect to complete their merger on October 1, 2026, after which AGH will be renamed Powerus Corporation and trade on Nasdaq under the symbol PUSA.\n\nThe SEC declared the Form S-4 effective and the definitive information statement has been mailed to AGH stockholders, but closing remains subject to satisfaction of remaining merger agreement conditions.\n\nPowerus's recent milestones include a $90M-ceiling Air Force IDIQ for its Guardian-2 interceptor, a ~$2.5M defense-prime order, a $30M strategic investment from Unusual Machines, and a $60M Australia-New Zealand distribution agreement — all non-binding or ceiling values per the release.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Autonomous-defense firm Powerus set to go public via AGH merger on October 1, trading as PUSA — watch closing confirmation and the gap between headline contract values and firm orders."},"keyFigures":{"customDimensions":{"idiq_ceiling":"$90 million","component_order":"more than $5 million","fpv_aircraft_count":1500,"defense_prime_order":"approximately $2.5 million","strategic_equity_investment":"$30 million","au_nz_distribution_agreement":"$60 million"}},"quotedText":"Completing this transaction puts Powerus in a position to build at the scale our customers are asking for","namedEntities":{"people":[{"name":"Matthew Saker","role":"Interim CEO of Aureus Greenway Holdings"},{"name":"Andrew Fox","role":"CEO of Powerus"},{"name":"Brett Velicovich","role":"Co-Founder of Powerus"},{"name":"Jason Assad","role":"AGH Investor Relations"}],"products":["Guardian-2 counter-drone interceptor","FPV aircraft","Guardian counter-UAS systems"],"companies":[{"name":"Aureus Greenway Holdings Inc.","ticker":"PUSA","relationship":"merger counterparty / listed shell"},{"name":"Powerus (Autonomous Power Corporation)","relationship":"filer / merging entity"},{"name":"Unusual Machines, Inc.","relationship":"strategic investor and supplier"},{"name":"Aerospread Technologies Limited","relationship":"distribution partner"},{"name":"Sprig Aerospace","relationship":"U.S. distribution partner"},{"name":"Swarmer, Inc.","relationship":"MOU software partner"}],"dollarAmounts":[{"amount":"$2.5 million","context":"purchase order from defense prime contractor for FPV aircraft"},{"amount":"$90 million","context":"ceiling value of U.S. Air Force IDIQ contract for Guardian-2"},{"amount":"$60 million","context":"Australia-New Zealand distribution agreement value"},{"amount":"$30 million","context":"strategic equity investment by Unusual Machines"},{"amount":"$5 million","context":"Powerus order with Unusual Machines for NDAA-compliant components"}]},"materialImpact":{"score":4,"reasoning":"Completion of the previously announced merger between Powerus and Nasdaq-listed Aureus Greenway Holdings is expected October 1, 2026, with the combined company trading as PUSA. This is a definitive de-SPAC-style M&A completion announcement, though closing conditions remain unsatisfied."},"tickerRelevance":{"others":[],"primary":"PUSA"},"globalImportance":35,"audienceRelevance":35,"eventTypeSecondary":["ticker_change"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"merger completion / listing event","issuerAuthored":true,"retailFavoriteBoost":"defense-drone sector retail interest"}},"event_type":"m_and_a","event_type_secondary":["ticker_change"],"sentiment":"bullish","material_impact_score":4,"narrative":"Powerus and Aureus Greenway Holdings announced they expect to complete their merger on October 1, 2026, after which AGH will be renamed Powerus Corporation and trade on Nasdaq under the symbol PUSA.\n\nThe SEC declared the Form S-4 effective and the definitive information statement has been mailed to AGH stockholders, but closing remains subject to satisfaction of remaining merger agreement conditions.\n\nPowerus's recent milestones include a $90M-ceiling Air Force IDIQ for its Guardian-2 interceptor, a ~$2.5M defense-prime order, a $30M strategic investment from Unusual Machines, and a $60M Australia-New Zealand distribution agreement — all non-binding or ceiling values per the release.","key_figures":{"customDimensions":{"idiq_ceiling":"$90 million","component_order":"more than $5 million","fpv_aircraft_count":1500,"defense_prime_order":"approximately $2.5 million","strategic_equity_investment":"$30 million","au_nz_distribution_agreement":"$60 million"}},"named_entities":{"people":[{"name":"Matthew Saker","role":"Interim CEO of Aureus Greenway Holdings"},{"name":"Andrew Fox","role":"CEO of Powerus"},{"name":"Brett Velicovich","role":"Co-Founder of Powerus"},{"name":"Jason Assad","role":"AGH Investor Relations"}],"products":["Guardian-2 counter-drone interceptor","FPV aircraft","Guardian counter-UAS systems"],"companies":[{"name":"Aureus Greenway Holdings Inc.","ticker":"PUSA","relationship":"merger counterparty / listed shell"},{"name":"Powerus (Autonomous Power Corporation)","relationship":"filer / merging entity"},{"name":"Unusual Machines, Inc.","relationship":"strategic investor and supplier"},{"name":"Aerospread Technologies Limited","relationship":"distribution partner"},{"name":"Sprig Aerospace","relationship":"U.S. distribution partner"},{"name":"Swarmer, Inc.","relationship":"MOU software partner"}],"dollarAmounts":[{"amount":"$2.5 million","context":"purchase order from defense prime contractor for FPV aircraft"},{"amount":"$90 million","context":"ceiling value of U.S. Air Force IDIQ contract for Guardian-2"},{"amount":"$60 million","context":"Australia-New Zealand distribution agreement value"},{"amount":"$30 million","context":"strategic equity investment by Unusual Machines"},{"amount":"$5 million","context":"Powerus order with Unusual Machines for NDAA-compliant components"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T15:38:00.314Z","global_importance":35,"audience_relevance":35,"importance_components":{"tickerTier":"small-cap","eventGravity":"merger completion / listing event","issuerAuthored":true,"retailFavoriteBoost":"defense-drone sector retail interest"}},"durationMs":7988,"modelName":"glm-5.3-flashx"}}