** Shares of golf course owner Aureus Greenway Holdings AGH.O, backed by Eric Trump and Donald Trump Jr., up 16.6% to $5.68 premarket after announcing deal to take drone maker Powerus public after reverse merger
** Under the agreement, AGH to change its name to Powerus and combined firm to be listed on Nasdaq under the ticker "PUSA"
** West Palm Beach, Florida-based Powerus, formed in 2025 by Andrew Fox, makes heavy-lift drones that can carry industrial payloads up to 675 kg
** Merger expected to close in summer of this year
** Notable investors include one of the Trumps' investment vehicles, American Ventures, and drone components firm Unusual Machines UMAC.A
** Dominari Securities acting as placement agent for $9 mln private placement; Dominari counts both Trump brothers among its shareholders
** American Ventures is 4th largest AGH holder with ~3% stake, per LSEG data
** Kissimmee, Florida-based AGH went public in Feb 2015 IPO at $4
** Its shares have recovered from trading below $1 after co regained Nasdaq compliance in Aug
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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