secwatch.observer — SEC 8-K summary
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Issuer:     Aureus Greenway Holdings Inc (AGH)
CIK:        0002009312
Form:       8-K
Filed at:   2026-10-01T21:20:31+00:00
Accession:  0001493152-26-045385
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.03, 4.01, 5.01, 5.02, 5.03, 5.05, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Powerus completes merger with Aureus Greenway; legacy holders get 93% voting power, BDO replaces WWC as auditor
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- Merger closed Oct. 1, 2026: each Legacy Powerus share converted into 599.18229 shares of Company stock; ~134.6M shares issued plus 21.8M replacement options and 28.6M replacement warrants.
- Legacy Powerus stockholders held ~83% of shares outstanding post-close and ~93% of voting power after the Series A Preferred exchange with The Steven Scopellite 2021 Irrevocable Trust.
- Andrew Fox named CEO and Chairperson; Edward Jordan CFO; Brett Velicovich President; Saker and Lui resigned; board adds Velicovich, Finger, Britton, Allorto, Jeremic stays.
- WWC, P.C. dismissed as auditor and BDO USA appointed after the Q3 2026 Form 10-Q filing; AGH disclosed material weaknesses in ICFR as of June 30, 2026 (segregation of duties, GAAP staffing).
- Milestones cited: ~$2.5M order for 1,500 U.S.-made FPV drones and kits; Air Force IDIQ for the Guardian-2 counter-drone interceptor with ceiling up to $90M through mid-2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2009312/000149315226045385/0001493152-26-045385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2009312/000149315226045385/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045385

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