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Aureus Greenway (AUGS) Stock Surges 55% on Trump-Backed Drone Merger

Aureus Greenway (AUGS) Stock Surges 55% on Trump-Backed Drone Merger

Author:

Global Cryptocurrency

Published:

2026-03-09 14:19:02

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BTCCSquare news:

Aureus Greenway Holdings (AUGS) soared 55% following reports of a merger with Powerus, a drone manufacturer backed by Eric Trump and Donald Trump Jr. The reverse merger, facilitated by a $9 million private placement, will list Powerus on Nasdaq. The company aims to produce over 10,000 drones monthly and has completed three acquisitions in six months.

The deal aligns with the Pentagon's $1.1 billion Drone Dominance initiative and a U.S. ban on Chinese drones. Powerus, founded last year in West Palm Beach, specializes in aerial and maritime drones. The Trump family's involvement through American Ventures underscores the strategic significance of the merger.

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