Aureus Greenway to Merge with Powerus, Former Powerus Shareholders to Hold 83% Ownership (NASDAQ: PUSA)
Kalkine Media
Aureus Greenway Holdings is set to merge with Powerus, with former Powerus shareholders anticipated to receive approximately 83.0% of the combined company’s common stock, and current AGH shareholders will hold 17.0%. The merged entity will be named Powerus Corporation, pending regulatory approvals and Nasdaq listing. Each outstanding Powerus common share will convert into 599.18229 AGH common shares, with Powerus shareholders also receiving portions of 55 million additional AGH common shares.
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