Aureus Greenway Secures $9M in Private Placement for Powerus Merger
Aureus Greenway Holdings completed the sale of 3,009,667 common shares and pre-funded warrants at $3.00 each in a private placement closed March 10, 2026, generating $9.0 million gross proceeds. Net proceeds will fund working capital and support its planned business combination with Autonomous Power Corporation (Powerus).
1. Closing of $9.0 Million Private Placement
On March 10, 2026, Aureus Greenway sold 3,009,667 common shares and pre-funded warrants at $3.00 per unit, raising approximately $9.0 million in gross proceeds before deducting placement agent fees and offering expenses.
2. Pre-Funded Warrants Terms
The pre-funded warrants carry a nominal $0.001 exercise price, are exercisable immediately upon issuance, and will expire only when fully exercised, subject to customary anti-dilution adjustments.
3. Use of Proceeds and Planned Business Combination
Aureus Greenway intends to use net proceeds for working capital and general corporate purposes, including funding expenses related to its proposed business combination with Autonomous Power Corporation, doing business as Powerus.