Powerus Completes Merger, Rings Opening Bell, Now Trading as PUSA on Nasdaq

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Postmedia has not reviewed the content. by Business Wire Powerus Completes Merger, Rings Opening Bell, Now Trading as PUSA on NasdaqAuthor of the article:Powerus, a U.S. defense technology company focused on autonomous drones and other unmanned systems, is now publicly traded on Nasdaq.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAutonomous Power Corporation dba Powerus has completed its previously announced merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA), effective October 1, 2026.Aureus Greenway Holdings has been renamed Powerus Corporation.Shares continue trading on the Nasdaq Capital Market under the symbol PUSA; there has been no change to the ticker symbol in connection with completion.This advertisement has not loaded yet, but your article continues below.ROCK HILL, S.C. — Autonomous Power Corporation, dba Powerus (“Powerus”), a U.S. defense technology company focused on autonomous and unmanned systems, today announced that it has completed its previously announced merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA) (“AGH”), effective October 1, 2026.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againUnder the terms of the merger, Powerus merged with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity. AGH has been renamed Powerus Corporation. Shares of the combined company continue to trade on the Nasdaq Capital Market under the symbol PUSA, the symbol AGH adopted in anticipation of the combination; there has been no change to the ticker symbol in connection with completion.“Completing this merger is a milestone for our shareholders and for this company. As Powerus, we now have the public platform to compete for the biggest programs in our industry, and we intend to make the most of it,” said Andrew Fox, Chief Executive Officer of Powerus.“Every system we build starts with one question: would I trust this in the field. Going public doesn’t change that. It gives us more capacity to build it here, in the United States,” said Brett Velicovich, Co-Founder of Powerus.Powerus Corporation (formerly Aureus Greenway Holdings Inc., Nasdaq: PUSA) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. On October 1, 2026, Powerus completed its previously announced merger with AGH; shares continue trading on Nasdaq under the symbol PUSA. Learn more at power.us.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Powerus’s business, operations, and prospects following completion of the merger. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “targets,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “potential,” or “continue” or negatives of such terms or other comparable terminology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. All forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from any results expressed or implied by such forward-looking statements.This advertisement has not loaded yet, but your article continues below.As to the business combination between Powerus and AGH, these statements include, without limitation, the anticipated benefits of the merger; the integration of the two companies, Powerus’s limited operational history as a combined organization, continued Nasdaq listing requirements, reliance on government and commercial customers, export control and regulatory compliance, future financial and operating results; the plans, objectives, expectations and intentions of either company or of the combined company following the merger; anticipated future results of either company or of the combined company following the merger; and the anticipated benefits and strategic and financial rationale of the merger and other statements that are not historical facts. Forward-looking statements speak only as of the date of this release, and except as required by law, Powerus does not undertake any obligation to update them.This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.Important Information and Where to Find ItIn connection with the transaction, AGH has filed a registration statement on Form S-4 with the SEC, which includes an information statement prospectus of AGH. Investors and security holders are urged to read the registration statement (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the registration statement) because such documents contain important information regarding the transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov or at Powerus’s website at https://www.power.us/.View source version on businesswire.com: Powerus Investor RelationsJason Assad678-570-6791Powerus Press ContactEscalate PRpr@power.usThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.