Mergers & Acquisitions ·
Aureus Greenway completes merger with Autonomous Power Corp to form Powerus Corp
AGHAureus Greenway Holdings Inc
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.