This is a standard insider ownership disclosure post-merger — no activist demands or strategic review are being proposed. The real event to watch is the lock-up expiration schedule: 33.33% of Fox's shares become freely tradable immediately, another 33.33% at 90 days (late December 2026), and the final tranche at 180 days (late March 2027. Monitor insider selling patterns around those dates.
Price Chart
Executive Summary
Andrew Fox, the CEO and Chairman of Powerus Corp (f/k/a Aureus Greenway Holdings Inc.), filed a Schedule 13D disclosing beneficial ownership of 17,437,604 shares of common stock (14.2% of outstanding) and options to purchase 6,746,871 shares, plus 5,000,000 shares of Series A Preferred Stock with 20 votes per share, giving him approximately 33.5% of total voting power. The filing is a routine insider ownership disclosure following the October 1, 2026 merger with Autonomous Power Corporation (d/b/a Powerus), not an activist campaign — Fox is the CEO, not an outside activist. The cross-filing context shows the company recently appointed a COO and adopted a new equity incentive plan, suggesting post-merger organizational buildout.
Key Financial Metrics
Key Facts
- Andrew Fox beneficially owns 17,437,604 shares of common stock (14.2% of outstanding) and options to purchase 6,689,871 shares at $0.75 per share.
- Fox also holds 5,000,000 shares of Series A Preferred Stock with 20 votes per share, giving him ~33.5% of total voting power.
- The shares were acquired via the October 1, 2026 merger with Autonomous Power Corporation (d/b/a Powerus) where Fox received 17,637,637 shares in exchange for his Powerus shares.
- Fox is the CEO and Chairman of the issuer since October 1, 2026 — this is an insider ownership filing, not an activist campaign.
- Lock-up agreement restricts Fox from transferring shares in three tranches: 33.33% released at closing, 33.33% at 90 days, 33.33% at 180 days.
- Cross-filing context: company appointed Colin Chisholm as COO on October 1, 2026 and adopted a 2026 Equity Incentive Plan.
- The 10-K from Aureus Greenway Holdings (pre-merger) shows the company was a golf course operator — the merger transforms the business into a drone/autonomous systems company.
Financial Impact
Fox's stake value at the October 1 closing price of $3.20 per share is approximately $55.8 million for the common shares plus $16.0 million for the options.
Risk Factors
- Fox's ~33.5% voting control via super-voting preferred stock creates governance risk for minority shareholders.
- Lock-up expirations could lead to selling pressure as insiders become free to trade.
- Post-merger integration risk — the company is transitioning from a golf course operator to a drone/autonomous systems business.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D Filing (Primary) | 0001104659-26-114800 |
| Document: tm2627133d4_ex99-7.htm | 0001104659-26-114800 |
| Document: 0001104659-26-114800-index-headers.html | 0001104659-26-114800 |
| Document: 0001104659-26-114800-index.html | 0001104659-26-114800 |
| Document: 0001104659-26-114800.txt | 0001104659-26-114800 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $1.96 | awaiting T+5 | — | $2.03 (+3.57%) |
Oct 16, 2026 10d 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 13d ago | SC 13D | $2.13 $2.03 | ▼ −4.69% | ▼ −5.15% | $2.03 (−4.69%) |
Oct 13, 2026 13d 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 18d 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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