Aureus Greenway Holdings Inc Dossier
Qualitative Analysis
Business overview
Aureus Greenway Holdings Inc. (NASDAQ: PUSA, formerly AGH) is a Kissimmee, Florida-based holding company that historically owned and operated daily-fee public golf country clubs in Florida, specifically the Kissimmee Bay Country Club and the Remington Golf Club. These properties span approximately 289 acres of multi-service recreational land near Orlando. The legacy business model operates across four principal segments: Golf Recreation, Retail Golf Products, Equipment and Facilities Rental, Membership Dues, Food and Beverage Services, and Ancillary Services and Amenities. However, the company is currently executing a transformative strategic pivot toward autonomous drone and defense technologies. This pivot is driven by a pending definitive merger agreement with Autonomous Power Corporation (doing business as Powerus), an autonomous drone and defense technology company. Upon completion of the merger, expected in summer 2026, the combined entity will operate as Powerus Corporation and continue trading under the ticker symbol PUSA.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
A complete corporate restructuring and reverse merger with Autonomous Power Corporation (Powerus) to transition the company from legacy leisure assets (golf courses) into a mass-scale, NDAA-compliant counter-drone and autonomous systems manufacturer.
Expected impact: Shifts the company's addressable market to the global UAV and counter-drone sectors, targeting rapid revenue expansion and defense-sector positioning.
Establishing a resilient, ally-sourced manufacturing base across facilities in the United States and South Korea to reduce dependence on foreign supply chains from non-allied nations.
Expected impact: Ensures full NDAA compliance, making the company's drone platforms highly attractive and trusted partners for the Pentagon and allied defense agencies.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To execute a reverse merger that transforms the legacy golf course operator into a high-growth, defense-oriented autonomous systems platform focused on air, land, and sea defense technologies.
Financial impact: Will completely replace the legacy golf revenue stream with defense technology revenues, with base-case post-merger revenues projected at $70 million.
Strategic Partnerships
KCGI closed a $50 million strategic investment in Powerus to scale manufacturing capacity in the U.S. and South Korea, while supporting access to an allied-nation supply chain network.
Terms: $50 million investment from KCGI Innovative Growth ESG Private Equity Fund 1 and Fund 1-1.
UMAC announced a $30 million strategic investment in Powerus to deepen their existing supply and manufacturing relationship, securing a domestic, NDAA-compliant supply chain for drone components.
Terms: $30 million strategic investment from Unusual Machines, Inc.