Overview
- The reverse merger would list Powerus on Nasdaq, with Andrew Fox slated to lead the combined company and control shifting to his team after closing.
- The agreement features a performance-based earn-out of up to 50 million additional shares.
- Dominari Securities is arranging about $9 million in new financing with investors including Unusual Machines and Agostinelli Group; Dominari lists both Trump brothers as shareholders.
- The Korea Climate & Governance Improvement Fund committed $50 million to purchase Powerus stock.
- Aureus Greenway shares jumped roughly 55% on March 9 after the deal disclosure, as Powerus touts heavy-lift and maritime systems and targets output topping 10,000 drones per month following three recent acquisitions.