Nasdaq-listed Aureus Greenway Holdings took the Powerus name and kept ticker PUSA after the merger; Autonomous Power Corporation reported no revenue from its October 2025 incorporation through year-end.
A filing with the U.S. Securities and Exchange Commission (SEC) says the merger with Aureus Greenway Holdings Inc. closed Oct. 1, 2026. The combined company trades under the ticker PUSA.
Powerus was incorporated as Autonomous Power Corporation on Oct. 8, 2025. Its audited statements report no revenue between incorporation and year-end, with total assets of $642,436 at Dec. 31.
President Donald Trump praised Brett Velicovich, Powerus’ co-founder and president, in a July 2025 post on Truth Social. A March 2026 merger announcement from the company named Eric Trump and Donald Trump Jr. among the combined company’s “notable investors.” SEC filings do not specify their individual stakes.
The U.S. Department of War’s July 20 contract notice says Tandem Defense, a Powerus subsidiary, won a U.S. Air Force indefinite-delivery, indefinite-quantity (IDIQ) contract, a framework for orders placed over time. The award has a $90 million ceiling and runs through July 19, 2028. The notice records 10 offers and an initial obligation of $98,000.
Powerus said Oct. 6 that it received an $82 million order, the second under an existing U.S. government IDIQ contract. The company expects deliveries over the next several quarters; further orders are at the customer’s discretion.
The company also announced an approximately $22.3 million deal for counter-drone monitoring and warning systems at oil and gas infrastructure in the Middle East. Powerus said the contract includes two years of maintenance but did not name the customer or sites. On Sept. 17, it announced a limited procurement order from Pakistan’s Ministry of Defence for unmanned aerial systems and support, without disclosing a value or other terms. A separate memorandum of understanding is nonbinding and subject to further agreements and government approvals.
SEC merger documents describe a June license giving Paras Defence & Space Technologies Ltd. exclusive rights in India to produce and sell Powerus Guardian interceptors. The terms include a licensing payment and a share of earnings from Indian sales; the filing does not state the value.
The Wall Street Journal described Powerus as a $300 million business and reported $5.7 million in starting assets, without specifying the basis for the $300 million figure. Its report did not identify the period or entity behind the asset figure; audited statements for Autonomous Power Corporation list $642,436 at year-end 2025. Separately, a fairness opinion in the SEC merger filing estimated Powerus’ equity value at $452 million to $548 million and proposed $522.3 million in merger consideration, based on a $3.96 reference share price using a 30-day volume-weighted average. Those are transaction estimates, not a current market capitalization.
