KISSIMMEE, Fla., April 09, 2026 (GLOBE NEWSWIRE) — Aureus Greenway Holdings Inc. (Nasdaq: AGH) (the “Company”) as we speak introduced that Autonomous Energy Company, doing enterprise as “Powerus”, its proposed merger goal, closed a $50 million strategic funding from KCGI Revolutionary Progress ESG Personal Fairness Fund 1 and KCGI Revolutionary Progress ESG Personal Fairness Fund 1-1 (collectively, “KCGI”), the Korea Local weather & Governance Funding Fund, a Seoul-based funding group. The capital is predicted to be deployed to scale manufacturing capability for Powerus’s autonomous protection programs throughout services in the US and South Korea and for common working capital functions.
The Firm believes the funding by KCGI helps Powerus’s technique to construct a resilient, ally-sourced manufacturing base for its autonomous programs platforms that’s anticipated to scale back dependence on international provide chains from non-allied nations and facilitating manufacturing capability in nations with aligned with the US’s nationwide safety pursuits.
“This investment allows us to build at the pace the mission requires,” stated Andrew Fox, Founder and Chief Govt Officer of Powerus. “Scaling production in the United States and South Korea, with an ally-sourced supply chain, is not just a business decision. It is the right way to build defense technology at a moment when the origin of components and the integrity of the supply chain matter as much as the capability of the system itself.”
Kang Sung-boo, Chief Govt Officer of KCGI, added: “Autonomous defense systems built on trusted supply chains and manufactured by allied nations represent exactly the kind of long-term infrastructure investment KCGI was designed to support. In partnership with Powerus, we aim to develop a robust drone manufacturing ecosystem in Korea and deepen strategic collaboration with leading domestic drone and aerospace suppliers.”
ABOUT POWERUS
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Powerus builds and scales unified autonomous programs structure designed to maneuver, shield, and maintain crucial property in high-risk environments. The corporate develops next-generation autonomous drone infrastructure and applied sciences for protection and demanding infrastructure, with manufacturing scaled via U.S.-based manufacturing and strategic companions. Powerus operates via wholly owned subsidiaries Kaizen Aerospace, Tandem Protection, and Agile Autonomy. For extra info, go to energy.us.
Merger Settlement
Powerus just lately entered right into a definitive merger settlement with Aureus Greenway Holdings Inc. (Nasdaq:AGH), which is predicted to lead to a mixed firm working underneath the identify “Powerus Corporation” upon assembly sure closing situations together with the effectiveness of a registration assertion on Type S-4 overlaying shares of frequent inventory supplied to Powerus stockholders and receipt of required regulatory approvals. Such closing situations would possibly by no means be met and the merger would possibly by no means happen. Upon completion the mixed firm expects to be listed on Nasdaq underneath the ticker image “PUSA.”
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ABOUT KCGI
KCGI is a Seoul-based funding group and personal fairness platform in South Korea. This funding was made via KCGI’s “Innovation & Growth ESG Fund.” Since its institution in 2018, KCGI has delivered robust returns via enhancements in company governance, enhanced ESG practices, and the event of recent progress drivers at portfolio corporations. For extra info, go to kcgifund.com.
FORWARD-LOOKING STATEMENTS
This press launch incorporates forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. These statements embrace, however are usually not restricted to, statements relating to the collaboration and the proposed enterprise mixture and anticipated advantages thereof, together with future monetary and working outcomes, statements associated to the anticipated timing of the completion of the transactions, the plans, aims, expectations and intentions of Powerus or AGH or of the mixed firm following the merger, anticipated future outcomes of Powerus or AGH or of the mixed firm following the merger, the anticipated advantages and strategic and monetary rationale of the collaboration or the merger and different statements that aren’t historic info. Ahead-looking statements could also be recognized by terminology corresponding to “may,” “will,” “should,” “targets,” “scheduled,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “forecasts,” “outlook,” “estimates,” “potential,” or “continue” or negatives of such phrases or different comparable terminology. The forward-looking statements are primarily based on present expectations and assumptions believed to be cheap, however there isn’t a assurance that they’ll show to be correct.
All forward-looking statements are topic to dangers, uncertainties and different components that will trigger the precise outcomes, efficiency or achievements of AGH or Powerus to vary materially from any outcomes expressed or implied by such forward-looking statements. Such components embrace, amongst others, (1) the danger of delays in consummating the potential transaction, together with on account of required shareholder and regulatory approvals, together with Nasdaq itemizing necessities which will not be obtained on the anticipated timeline, or in any respect, (2) the danger of any occasion, change or different circumstance that might give rise to the termination of the merger settlement, (3) the chance that any of the anticipated advantages and projected synergies of the potential transactions won’t be realized or won’t be realized inside the anticipated time interval, (4) the restricted operational historical past of Powerus as a mixed group and integration dangers of acquired companies, (5) diversion of administration’s consideration or disruption to the events’ companies on account of the announcement and pendency of the transaction, together with potential distraction of administration from present plans and operations of AGH or Powerus and the flexibility of AGH or Powerus to retain and rent key personnel, (6) reputational threat and the response of every firm’s prospects, suppliers, workers or different enterprise companions to the transaction, (7) the chance that the transaction could also be dearer to finish than anticipated, together with on account of surprising components or occasions, (8) the result of any authorized or regulatory proceedings which may be instituted towards AGH or Powerus associated to the merger settlement or the transaction, (9) the dangers related to third occasion contracts containing consent and/or different provisions which may be triggered by the proposed transaction, (10) legislative, regulatory, political, market, financial and different situations, developments and uncertainties affecting AGH’s or Powerus’s companies; (11) the evolving authorized, regulatory, tax, and worldwide commerce regimes; (12) the character, value and end result of potential litigation and different authorized proceedings, together with any such proceedings associated to the transactions, (13) restrictions in the course of the pendency of the proposed transaction that will impression AGH’s or Powerus’s potential to pursue sure enterprise alternatives or strategic transactions; and (14) unpredictability and severity of catastrophic occasions, together with, however not restricted to, excessive climate, pure disasters, acts of terrorism or outbreak of warfare or hostilities, in addition to AGH’s and Powerus’s response to any of the aforementioned components.
Extra components which might have an effect on future outcomes of AGH and Powerus will be present in AGH’s Annual Report on Type 10-Okay, Quarterly Reviews on Type 10-Q, and Present Reviews on Type 8-Okay, in every case filed with the SEC and out there on the SEC’s web site at http://www.sec.gov. Neither Powerus nor AGH undertakes any obligation to replace forward-looking statements, besides as required by regulation.
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NO OFFER OR SOLICITATION
This doc is for informational functions solely and isn’t supposed to and shall not represent a proposal to purchase or promote or the solicitation of a proposal to purchase or promote any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. No providing of securities shall be made, besides by way of a prospectus assembly the necessities of Part 10 of the U.S. Securities Act of 1933, as amended.
IMPORTANT INFORMATION AND WHERE TO FIND IT
In reference to the proposed merger, AGH will file a registration assertion on Type S-4 with the SEC, which is able to embrace an info assertion and preliminary prospectus of AGH. After the registration assertion is said efficient, AGH will mail to its stockholders a definitive info assertion. Moreover, AGH expects to file different related supplies with the SEC in reference to the merger. Traders and safety holders are urged to learn the registration assertion and joint info assertion/prospectus after they turn into out there (and some other paperwork filed with the SEC in reference to the transaction or integrated by reference into the joint info assertion/prospectus) as a result of such paperwork will comprise vital info relating to the proposed transaction and associated issues. Traders and safety holders might acquire free copies of those paperwork and different paperwork filed with the SEC by AGH via the web site maintained by the SEC at http://www.sec.gov or at AGH’s web site at https://www.aureusgreenway.com/secfilings.
