Aureus Greenway Secures $50M for Powerus Manufacturing, Eyes Nasdaq “PUSA” Listing
Aureus Greenway Holdings received a $50 million strategic investment from KCGI to scale Powerus’s U.S. and South Korean manufacturing for autonomous defense systems. The combined entity is expected to trade on Nasdaq under “PUSA” upon closing the merger with Powerus.
1. $50M Strategic Investment
Aureus Greenway Holdings announced a $50 million capital infusion from KCGI’s ESG funds, aimed at accelerating Powerus’s development of autonomous defense systems. The funds are earmarked for general working capital and to expand manufacturing capabilities in allied territories.
2. Manufacturing Scale Expansion
Powerus plans to deploy the investment across U.S. and South Korean facilities, building a resilient supply chain for drone and autonomous defense platforms. Scaling production in allied nations aims to reduce reliance on non-allied suppliers and meet growing defense demand.
3. Merger and Nasdaq Listing
Powerus recently entered into a definitive merger agreement with Aureus Greenway, with the combined company set to rebrand as Powerus Corporation. Upon satisfying regulatory approvals and registration requirements, the merged entity expects to list on Nasdaq under the ticker PUSA.