Recent Updates — AGH

Aureus Greenway Holdings Inc. completed its merger with Autonomous Power Corporation on October 1, 2026, renaming the entity to Powerus Corporation. Legacy Powerus shareholders received approximately 134.6 million shares of common stock at an exchange ratio of 599.18229 shares per share, representing roughly 83% ownership and 93% voting power post-closing. The transaction involved the issuance of 21.8 million replacement options and 28.6 million replacement warrants. Executive leadership changed with Andrew Fox appointed as CEO and Brett Velicovich as President, while former directors Matthew Saker, Xinyue Jasmine Geffner, and Christopher Schraft resigned. WWC, P.C. was dismissed as auditor effective upon the filing of the Q3 2026 Form 10-Q, and BDO USA, P.C. was appointed as the new independent registered public accounting firm. Powerus Corporation operates in the defense technology sector, focusing on autonomous drones and unmanned systems.

Aureus Greenway Holdings Inc. and Autonomous Power Corporation (d/b/a Powerus) announced that the SEC declared their Form S-4 registration statement effective on August 12, 2026, clearing a major regulatory hurdle for their proposed business combination. The transaction involves Powerus merging into a subsidiary of Aureus Greenway, with Powerus surviving and adopting the name "Powerus Corporation." The combined entity is expected to close in early October 2026, subject to remaining conditions including Nasdaq listing requirements and HSR antitrust clearance. The company will continue trading on Nasdaq under the ticker symbol PUSA. Aureus Greenway Holdings Inc. currently owns and operates golf course properties in Florida.