Business
Aureus Greenway Holdings Inc. Announces $20 Million Bridge Loan to Powerus
Proceeds Intended to Support Manufacturing Readiness and Inventory Levels for Key Programs WEST PALM BEACH, Fla., March 23, 2026 (GLOBE NEWSWIRE) -- Aureus
About this update from Aureus Greenway Holdings Inc.
[{"type":"text","content":"Proceeds Intended to Support Manufacturing Readiness and Inventory Levels for Key Programs\nWEST PALM BEACH, Fla., March 23, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. (Nasdaq: AGH) today announced that it has entered into a $20 million bridge loan arrangement with Autonomous Power Corporation, doing business as Powerus (“Powerus”), to provide working capital and support continued execution ahead of the parties’ previously announced definitive business combination agreement. Aureus Greenway Holdings and Powerus previously announced a definitive agreement for a business combination expected to create a publicly traded platform for autonomous systems across air, land, and sea, focused on defense, critical infrastructure, and precision agriculture markets. As part of the bridge loan, Aureus Greenway Holdings will provide Powerus with a $20 million bridge loan intended to support near-term working capital needs and continued execution toward the expected closing of the proposed transaction, subject to customary conditions and approvals. Proceeds are intended to support manufacturing readiness and inventory levels for key programs, including “Guardian-1” counter-drone interceptors, “FireShield” autonomous firefighting systems, and “SPY”, Powerus’s domestically oriented thermal-capable platform designed as an alternative for customers seeking non-PRC supply chain options. “Providing this bridge financing reflects our continued confidence in the Powerus platform and our commitment to supporting execution as we work toward closing the proposed business combination,” said Matthew J. Saker, Interim Chief Executive Officer of Aureus Greenway Holdings Inc. “This capital is intended to support operational momentum and manufacturing readiness, which we believe will be important to building long-term value as the transaction advances.” Andrew Fox, Founder and Chief Executive Officer of Powerus, stated, “This bridge loan strengthens our ability to execute near-term manufacturing objectives and maintain the inventory and production cadence required by our business plan. It supports continued progress as we work toward the proposed closing and helps position us to meet demand across key programs, subject to customer requirements and applicable approvals.” ABOUT AUREUS GREENWAY HOLDINGS INC.Aureus Greenway Holdings Inc. (Nasdaq: AGH) o...