Monitor for SEC declaration of effectiveness of the S-4, which is the next key milestone. The deal transforms a golf-course operator into a defense-tech company, but execution risk remains until regulatory approvals and shareholder vote are secured. No financial terms were disclosed, so valuation impact is unclear.
Price Chart
Executive Summary
Aureus Greenway Holdings (PUSA) filed a Form S-4 registration statement with the SEC for its proposed business combination with Powerus (Autonomous Power Corporation), a defense autonomy and counter-drone technology company. This filing moves the deal from agreement to execution, but the S-4 has not yet been declared effective, and the transaction remains subject to customary closing conditions including SEC effectiveness and regulatory approvals. The combined company is expected to operate as Powerus Corporation and continue trading under PUSA, with the deal expected to close in summer 2026.
Key Financial Metrics
Key Facts
- AGH filed a Form S-4 registration statement with the SEC for its proposed business combination with Powerus.
- The S-4 has not yet been declared effective by the SEC.
- The combined company is expected to operate as Powerus Corporation and trade under PUSA.
- AGH changed its Nasdaq ticker to PUSA in anticipation of the pending combination.
- The merger agreement was dated March 8, 2026, and the transaction is expected to close in summer 2026.
- Powerus builds unified autonomous systems for defense, including heavy-lift platforms, autonomous air and maritime systems.
- AGH currently owns and operates golf course properties in Florida.
Financial Impact
No financial terms or deal value disclosed in the filing.
Risk Factors
- S-4 may not be declared effective by the SEC on the anticipated timeline or at all.
- Customary closing conditions, including regulatory approvals and Nasdaq listing requirements, may not be satisfied.
- Powerus has limited operational history as a combined organization, and integration risks exist.
- The transaction may be terminated or delayed, and there is no assurance of consummation.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001493152-26-035493 |
| Document: form425.htm | 0001493152-26-035493 |
| Document: 0001493152-26-035493-index-headers.html | 0001493152-26-035493 |
| Document: 0001493152-26-035493-index.html | 0001493152-26-035493 |
| Document: 0001493152-26-035493.txt | 0001493152-26-035493 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $1.96 | awaiting T+5 | — | $2.03 (+3.57%) |
Oct 16, 2026 9d ago | S-3 | $1.94 $2.03 | ▲ +4.64% | ▲ +4.78% | $2.03 (+4.64%) |
Oct 16, 2026 10d ago | 8-K/A | $1.94 $2.03 | ▲ +4.64% | ▲ +4.78% | $2.03 (+4.64%) |
Oct 13, 2026 12d ago | SC 13D | $2.13 $2.03 | ▼ −4.69% | ▼ −5.15% | $2.03 (−4.69%) |
Oct 13, 2026 12d ago | SC 13D | $2.13 $2.03 | ▼ −4.69% | ▼ −5.15% | $2.03 (−4.69%) |
Oct 13, 2026 13d ago | 3 | $2.27 $1.87 | ▼ −17.62% | ▼ −16.47% | $2.03 (−10.57%) |
Oct 8, 2026 17d ago | SC 13D | $2.59 $2.06 | ▼ −20.31% | ▼ −18.34% | $2.03 (−21.47%) |
Oct 8, 2026 18d ago | SC 13G | $2.55 $2.22 | ▼ −12.94% | ▼ −12.66% | $2.03 (−20.39%) |
Oct 6, 2026 20d ago | 8-K | $2.54 $2.13 | ▲ +15.98% | ▲ +15.00% | $2.03 (+19.92%) |
Oct 6, 2026 20d ago | Press Release | $2.86 $2.27 | ▼ −20.49% | ▼ −20.35% | $2.03 (−28.90%) |
US Market Status
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