Trump-backed drone merger transaction drives Aureus Greenway stock price soaring

LootboxPhobia · 2026-03-09T18:12:31+00:00

Aureus Greenway Holdings' stock price rose 55% as it merged with Powerus, a drone manufacturer supported by Trump's son. The merger will take Powerus public on the Nasdaq and is backed by multiple investors, including the Trump family's investment firm American Ventures. This move will help Powerus expand its drone manufacturing capacity and align with the Pentagon's procurement plans.

LootboxPhobia

2026-03-09 18:12:31

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Investing.com – Aureus Greenway Holdings (Nasdaq: AUGS) stock price rose 55%, after The Wall Street Journal reported that the company will merge with Powerus, a drone manufacturer supported by President Trump’s son.

According to reports, Eric Trump and Donald Trump Jr. support Powerus through their investment vehicle American Ventures. This reverse merger will enable Powerus to be listed on the Nasdaq Stock Market within the next few months.

Powerus is a drone company based in West Palm Beach, Florida, founded last year. Over the past six months, it has acquired three companies and sells aerial and maritime drones. The company states it is working to achieve a monthly production of over 10,000 drones, surpassing the output levels of most American drone manufacturers.

Investors in this deal include American Ventures, Unusual Machines—where Donald Trump Jr. serves as a shareholder and advisory board member—and a South Korean corporate governance improvement fund that invested $50 million. The investment bank Dominari Securities, supported by the Trump brothers, also participated.

This merger comes as the Pentagon advances its “Drone Dominance” plan, which aims to spend $1.1 billion to procure hundreds of thousands of U.S. systems by 2027. The Trump administration has banned the use of new Chinese drones in the U.S., creating opportunities for domestic manufacturers.

Powerus CEO Andrew Fox stated that the reverse merger will provide an opportunity to access the public capital markets and fund manufacturing expansion and additional acquisitions.

Aureus Greenway Holdings is a holding company for golf courses in Florida.

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