Overview
- Aureus Greenway said it will merge with Powerus in a transaction expected to close this summer, positioning the combined company for a Nasdaq listing.
- Company materials name Eric Trump and Donald Trump Jr. as notable investors through affiliated vehicles such as American Ventures.
- Financing disclosures include a roughly $9 million private placement arranged by Dominari Securities, where the Trump brothers hold stakes, and a $50 million stock purchase commitment from the Korea Climate & Governance Improvement Fund.
- Powerus reports rapid expansion via three acquisitions and states a goal of producing more than 10,000 drones per month for defense and commercial uses.
- The announcement drew ethics concerns from watchdogs as the Pentagon pursues a $1.1 billion push for U.S.-made drones following restrictions on new Chinese models.