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Powerus (proposed Nasdaq: PUSA) and Aureus Greenway Holdings (Nasdaq: PUSA) announced that Powerus has begun manufacturing its U.S.-designed Guardian counter‑UAS interceptor line at a dedicated facility in the Gulf Cooperation Council region, under a multi‑year partnership with a regional defense manufacturer. The arrangement keeps design, engineering and technical standards with Powerus while the regional partner provides advanced manufacturing capacity, positioning interceptor production closer to Gulf allies facing growing low‑cost drone threats and shortening delivery timelines versus shipping systems from the United States.
The companies also highlighted their previously announced business combination. According to Aureus Greenway, the Form S‑4 registration statement for the proposed merger with Powerus was declared effective by the SEC on August 12, 2026. Under the agreement, Powerus will merge into a newly formed AGH subsidiary, with Powerus as the surviving entity and AGH adopting the name “Powerus Corporation.” AGH has already changed its Nasdaq ticker to PUSA, and closing is targeted for the fourth quarter of 2026, subject to customary closing conditions and required regulatory approvals, with no assurance of completion.
Powerus (proposed Nasdaq: PUSA) announced a $22.3 million commercial contract to deliver a networked counter‑unmanned aircraft system (C‑UAS) capability to protect critical oil and gas infrastructure in the Middle East. The agreement covers hardware, software, site activation, installation and a 24‑month integrated maintenance program.
Powerus will lead phased deployment, providing unified command-and-control at the customer’s operations center for detection, tracking, classification and early warning of potential unmanned aerial threats. The architecture is designed to support future integration of Powerus’ Guardian interceptor technology. Separately, a Form S‑4 for the proposed merger between Aureus Greenway Holdings and Powerus was declared effective on August 12, 2026, with the combination still subject to customary closing conditions.
Aureus Greenway Holdings (Nasdaq: PUSA) and Powerus announced that the Form S‑4 registration statement for their proposed business combination was declared effective by the U.S. SEC on August 12, 2026. Effectiveness does not constitute SEC approval of the transaction.
Subject to remaining closing conditions and required regulatory approvals, the parties expect to complete the combination in early October 2026, with the combined company to be renamed Powerus Corporation and expected to continue trading on Nasdaq under ticker PUSA. Recent Powerus milestones include a $2.5 million purchase order for FPV aircraft, a U.S. Air Force IDIQ contract for the Guardian‑2 interceptor with a ceiling of up to $90 million through mid‑2028, a limited Guardian‑2 procurement order, advancement to Phase 3 of the U.S. Army’s xTech Adaptive Strike Competition, a $60 million Australia‑New Zealand distribution agreement for its agriculture division, and a $30 million strategic equity investment in Powerus by Unusual Machines (NYSE American: UMAC), alongside a Powerus order exceeding $5 million to Unusual Machines and an exploratory memorandum of understanding with Swarmer (Nasdaq: SWMR).
Aureus Greenway Holdings (Nasdaq: PUSA) and Powerus jointly announced a $2.51 million purchase order placed with Powerus subsidiary Tandem Defense by a Department of War prime contractor for U.S.-made FPV drones and related gear. The order covers 1,500 Matrix 7-inch FPV aircraft, 100 M3 pilot kits and 750 spare parts kits, all built in the United States using Blue UAS Framework cleared components and compliant with NDAA and TAA requirements. Delivery is scheduled within 60 days. The companies highlighted that this order supports demand for domestically produced systems and cited it as consistent with the strategic rationale for their previously announced, but not yet closed, merger, which remains subject to customary closing conditions and regulatory approvals.
Autonomous Power Corporation (Powerus), which has announced a proposed merger with Aureus Greenway Holdings (Nasdaq: PUSA), reported that its wholly owned subsidiary Tandem Defense was awarded a competitively bid, multimillion‑dollar contract for aerial unmanned aircraft systems.
The contract includes ancillary support equipment, operator training and field service representative support, carries a ceiling of up to $90 million, and runs through mid‑2028. According to Powerus, actual revenue will depend on task orders over the contract term and the $90 million figure is a maximum potential, not a guaranteed amount. This award is in addition to a previously announced multimillion‑dollar distribution agreement.
Dominari Securities, a wholly owned subsidiary of Dominari Holdings (Nasdaq: DOMH), highlighted its role as placement agent/underwriter for several Powerus capital raises, including a February 2025 IPO and private placements of $26 million in July 2025 and $9 million in March 2026.
Powerus (Nasdaq: PUSA, pending merger) announced that its wholly owned subsidiary, Tandem Defense, has been competitively awarded a U.S. Air Force IDIQ contract for Group 1 aerial-denial unmanned aircraft systems. The contract has a maximum potential value of $90 million, covers systems, support equipment, operator training, and field service support, and runs through mid-2028, with work locations to be set by follow-on task orders.
The Air Force Life Cycle Management Center at Wright-Patterson AFB will manage the contract. Revenue to Powerus will depend on task orders placed and may be materially below the $90 million ceiling. Separately, Powerus is pursuing a proposed merger with Aureus Greenway Holdings, which has changed its Nasdaq ticker to PUSA; closing is targeted for summer 2026 but remains subject to a Form S-4 becoming effective, regulatory approvals, and other customary conditions, with no assurance of completion.
Aureus Greenway Holdings (Nasdaq: PUSA) and Autonomous Power Corporation, doing business as Powerus, announced that Aureus Greenway has filed a Form S-4 registration statement with the SEC for their proposed business combination. The registration statement is not yet effective and no related securities may be sold until it becomes effective.
Under the previously announced agreement, Powerus will merge into a newly formed subsidiary of Aureus Greenway, with Powerus as the surviving entity and Aureus Greenway adopting the name Powerus Corporation, continuing to trade on Nasdaq under PUSA. Closing is targeted for summer 2026, subject to customary conditions, effectiveness of the Form S-4, and required regulatory approvals, and there is no assurance the transaction will be consummated.
Powerus (PUSA), through subsidiary Kaizen Aerospace, launched a dedicated agriculture division and signed two key xFoldTM Dragon heavy-lift drone distribution agreements. Kaizen appointed Aerospread Technologies as exclusive distributor for Australia, New Zealand, and the South Pacific, with performance-based sales targets of about $60 million in potential product revenue over five years, which are not binding purchase commitments.
In the U.S., Sprig Aerospace became an authorized distributor and marketing partner and will fly Powerus xFold aircraft exclusively for its commercial spraying operations. The xFold Dragon H1000 received an FAA Special Airworthiness Certificate in the Experimental category and a COA for aerial-application R&D. Powerus also highlighted a proposed merger with Aureus Greenway Holdings (Nasdaq: PUSA), which remains subject to customary closing conditions and regulatory approvals.
Powerus (Nasdaq: PUSA) reported that its wholly owned subsidiary Tandem Defense has been selected as one of up to 10 companies to advance to Phase 3 of the U.S. Army’s xTech Adaptive Strike competition. The Army program seeks to accelerate commercial technologies that enhance small-unit effectiveness in contested environments, including extended-range reconnaissance, affordable strike, loitering munitions, small-unit power generation and counter-UAS capabilities.
The Phase 3 selection follows a Phase 2 field-evaluation period at the U.S. Army National Training Center, where a Powerus team trained an Army unit on the Matrix FPV platform during a force-on-force exercise; the unit using the system was nominated for “hero of the battle.” As a Phase 2 finalist, Powerus received a $50,000 award. Phase 3, the final soldier exercise, is scheduled from October 29, 2026 to November 28, 2026, with up to five winners each eligible for an additional $100,000 prize and potential follow-on contract discussions. Separately, Powerus noted its previously announced proposed merger with Aureus Greenway Holdings, which remains subject to customary closing conditions, including effectiveness of a Form S-4 and regulatory approvals.
Aureus Greenway (Nasdaq:PUSA) affiliate Powerus announced a $30 million strategic equity investment from Unusual Machines (NYSE American:UMAC), a U.S. manufacturer of NDAA-compliant drone components. The funding deepens their existing supply and manufacturing relationship and supports scaling autonomous and counter-drone systems using a domestic defense-autonomy supply chain.
Powerus has a proposed merger with Aureus Greenway that has not yet closed and remains subject to customary conditions.