Aureus Greenway Holdings Inc. (Nasdaq: PUSA) and Autonomous Power Corporation, doing business as Powerus, announced that Aureus Greenway has filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission in connection with their proposed business combination.

The registration statement has not yet become effective. Securities described in the filing may not be sold, and offers to buy may not be accepted, until the registration statement is declared effective by the SEC.

Under the terms of the previously announced merger agreement, Powerus will merge with and into a newly formed subsidiary of Aureus Greenway, with Powerus continuing as the surviving entity. Aureus Greenway would then adopt the name Powerus Corporation and continue trading on Nasdaq under the ticker PUSA, which the company has already changed from its prior symbol in anticipation of the transaction.

The merger is expected to close in summer 2026, subject to customary closing conditions, including SEC effectiveness of the Form S-4 and receipt of required regulatory approvals.

"Filing the Form S-4 moves this combination from agreement to execution," said Andrew Fox, CEO of Powerus. "Every step in this process is about giving Powerus the platform to scale what we've already built, and we're treating each regulatory milestone with the discipline our shareholders and the market expect."

Matthew Saker, Interim Chief Executive Officer of Aureus Greenway, said the company looks forward to working with the Powerus team to complete the transaction.

Aureus Greenway currently owns and operates golf course properties in Florida, including Kissimmee Bay Country Club and Remington Golf Club. Powerus builds autonomous systems spanning heavy-lift platforms, autonomous air and maritime systems, mission systems, and U.S.-based manufacturing.

The companies noted there can be no assurance the proposed transaction will be consummated or as to the timing of any consummation. The above is based on information from a joint press release issued by the two companies.