MergerAug 13, 2026, 05:33 PM
Aureus Greenway Holdings Merger with Powerus Pending
AI Summary
Aureus Greenway Holdings Inc. announced its pending merger with Autonomous Power Corporation (Powerus), which will result in Powerus stockholders owning approximately 83.3% of the combined entity, to be renamed "Powerus Corporation." The merger remains subject to customary closing conditions. For the second quarter of 2026, the company reported a net loss of $(39,262) on total revenue of $708,458, showing an improvement in quarterly loss compared to the prior year, despite a larger net loss for the six-month period.
Key Highlights
- Merger with Autonomous Power Corporation (Powerus) is pending.
- Powerus stockholders are expected to own approximately 83.3% of the combined company.
- The combined company will be renamed "Powerus Corporation" upon merger completion.
- Q2 2026 net loss was $(39,262) compared to $(289,261) in Q2 2025.
- Q2 2026 total revenue increased to $708,458 from $602,232 in Q2 2025.
- Six months 2026 net loss was $(1,299,161) compared to $(23,049) in 2025.
- Cash and cash equivalents were $22.20 million as of June 30, 2026.
- Investment in convertible note totaled $20.55 million as of June 30, 2026.
Price Impact
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