Business
Aureus Greenway Holdings Inc. Announces Closing of $9.0 Million Private Placement
KISSIMMEE, FL, March 11, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. (Nasdaq: AGH) an owner and operator of daily fee golf country clubs in the
About this update from Aureus Greenway Holdings Inc.
[{"type":"text","content":"KISSIMMEE, FL, March 11, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. (Nasdaq: AGH) an owner and operator of daily fee golf country clubs in the state of Florida, (the “Company” or “AGH”) today announced the closing of its previously announced private placement with institutional and accredited investors on March 10, 2026 (the “Private Placement”) pursuant to definitive securities purchase agreements dated March 8, 2026 the (“SPA”). Pursuant to the SPA, AGH issued and sold an aggregate of 3,009,667 shares of its common stock, par value $0.001 per share (the “Common Stock”), and/or pre-funded common stock purchase warrants (the “Pre-Funded Warrants”) to purchase shares of Common Stock, at a purchase price of $3.00 per share (or $3.00 per Pre-Funded Warrant), for gross proceeds of approximately $9.0 million before deducting placement agent fees and other offering expenses. The Private Placement was originally announced on March 9, 2026 in a Current Report on Form 8-K filed with the United States Securities and Exchange Commission (the “SEC”), which described the material terms of the transaction. The Pre-Funded Warrants are immediately exercisable at a nominal exercise price of $0.001 per share, subject to adjustment, and will expire only when exercised in full. The securities sold in the Private Placement, including the shares of Common Stock, the Pre-Funded Warrants and the shares of Common Stock issuable upon exercise of the Pre-Funded Warrants, were offered and sold in a transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D promulgated thereunder. AGH intends to use the net proceeds from the Private Placement for working capital and general corporate purposes, including expenses related to its proposed business combination with Autonomous Power Corporation (doing business as Powerus), as previously announced. Dominari Securities LLC acted as sole placement agent for the Private Placement. The securities offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicab...