Powerus and Aureus Greenway Holdings have completed their previously announced merger, making the U.S. autonomous systems and defense technology company a publicly traded company on Nasdaq.
The transaction became effective October 1, 2026. Autonomous Power Corporation, which operates as Powerus, merged into a newly formed subsidiary of Aureus Greenway Holdings, with Powerus continuing as the surviving entity.
Aureus Greenway Holdings has been renamed Powerus Corporation, and shares of the combined company continue trading on the Nasdaq Capital Market under the ticker PUSA. Aureus Greenway had adopted the PUSA symbol ahead of the combination, so the ticker did not change when the transaction closed.
Powerus develops autonomous systems designed for defense and other high-risk applications, with capabilities spanning heavy-lift platforms, autonomous air and maritime systems, mission systems, training, support and U.S.-based manufacturing.
The public listing follows several commercial and government-related milestones for Powerus. The company previously announced a purchase order valued at approximately $2.5 million from a defense prime contractor supporting the U.S. Department of War for 1,500 U.S.-manufactured FPV aircraft, pilot kits and spare parts. The order does not guarantee additional purchases or program-of-record status.
Powerus also received a competitively awarded U.S. Air Force indefinite-delivery/indefinite-quantity contract for its Guardian-2 counter-drone interceptor with a ceiling value of up to $90 million and a term running through mid-2028. As an IDIQ contract, the $90 million figure represents the maximum potential value and does not guarantee that orders totaling that amount will be placed.
The company has also received a limited U.S. Air Force procurement order for Guardian-2 systems following a successful demonstration and advanced to Phase 3 of the U.S. Army’s xTech Adaptive Strike Competition.
Beyond defense, Powerus launched an agriculture division supported by an Australia-New Zealand distribution agreement that the company valued at $60 million. The arrangement includes an exclusive agency and distribution agreement with Aerospread Technologies and a U.S. partnership with Sprig Aerospace, although the agreements do not represent guaranteed purchase commitments.
Unusual Machines previously made a $30 million strategic equity investment in Powerus, deepening an existing supply and manufacturing relationship. Powerus separately placed an order valued at more than $5 million with Unusual Machines for U.S.-made, NDAA-compliant components for counter-UAS systems and related drone platforms.
Powerus has also established a dedicated Guardian counter-UAS manufacturing facility in the United Arab Emirates through a multi-year partnership with a regional defense manufacturer and received a limited procurement order from Pakistan’s Ministry of Defence for unmanned aerial systems and related support.
KEY QUOTES:
“When we agreed to combine with Powerus, the case was simple: a U.S.-headquartered autonomous systems company that was already building and selling. Today that company is public. That was the point of the transaction.”
Matthew Saker, Former Interim CEO of Aureus Greenway Holdings
“Completing this transaction puts Powerus in a position to build at the scale our customers are asking for. Our focus does not change on October 1. The work is the same work.”
Andrew Fox, Chief Executive Officer of Powerus
“I spent most of my career as the person relying on this equipment in the field. That is the standard we build to, and it does not change because the company has a listing.”
Brett Velicovich, Co-Founder of Powerus
