Trump brothers-backed Aureus rallies on deal to take drone maker Powerus public

Unusual Machines

09/03/2026 12:50

** Shares of golf course owner Aureus Greenway Holdings AGH.O, backed by Eric Trump and Donald Trump Jr., up 16.6% to $5.68 premarket after announcing deal to take drone maker Powerus public after reverse merger

** Under the agreement, AGH to change its name to Powerus and combined firm to be listed on Nasdaq under the ticker "PUSA"

** West Palm Beach, Florida-based Powerus, formed in 2025 by Andrew Fox, makes heavy-lift drones that can carry industrial payloads up to 675 kg

** Merger expected to close in summer of this year

** Notable investors include one of the Trumps' investment vehicles, American Ventures, and drone components firm Unusual Machines UMAC.A

** Dominari Securities acting as placement agent for $9 mln private placement; Dominari counts both Trump brothers among its shareholders

** American Ventures is 4th largest AGH holder with ~3% stake, per LSEG data

** Kissimmee, Florida-based AGH went public in Feb 2015 IPO at $4

** Its shares have recovered from trading below $1 after co regained Nasdaq compliance in Aug

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))