Trump-Backed Powerus to List via Aureus Greenway Reverse Merger with $50M Investment
Eric Trump and Donald Trump Jr. are backing drone startup Powerus in a reverse merger with golf-course holding company Aureus Greenway, set to list on Nasdaq. The Korea Corporate Governance Improvement Fund invested $50 million as Powerus, after three acquisitions, targets over 10,000 drones monthly, boosting AGH shares 12.3%.
1. Trump Brothers Invest in Powerus
Eric Trump and Donald Trump Jr. are backing Powerus through their investment vehicle American Ventures and connections to component maker Unusual Machines, signaling confidence in domestic drone manufacturing.
2. Reverse Merger with Aureus Greenway
Powerus plans to go public by merging with golf-course holding company Aureus Greenway, enabling Nasdaq listing within coming months through a reverse merger structure.
3. Major Financing and Investor Support
The Korea Corporate Governance Improvement Fund has committed $50 million equity, with Trump-linked Dominari Securities advising on the transaction and Unusual Machines participating as supplier and shareholder.
4. Production Goals Amid Rising Defense Demand
After acquiring three smaller drone firms, Powerus aims to scale output to more than 10,000 aerial and maritime drones per month to meet accelerating U.S. defense sector demand.