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We keep you informed about market developments, strategic investments and important announcements from Dominari.

June 16, 2026
Granted U.S. Patent Covers Technology for Maintaining Precise UAV Control When Communication Latency Impacts Operator Command TAMPA, Fla., June 16, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced that XTEND, a leader in software systems and artificial intelligence-powered robotics, has secured a U.S. patent protecting technology that enables unmanned aerial vehicles (UAVs) to maintain precise, reliable control when communications are degraded and latency impacts operator demand. U.S. Patent No. 12,461,522 covers remote, accurate maneuvering of an unmanned aerial vehicle under communication latency, addressing one of the most fundamental challenges in autonomous and remotely operated systems. Disrupted communications and signal delay are increasingly the norm in modern contested environments, making the ability to sustain reliable UAV control under those conditions operationally critical. XTEND's patented technology allows operators to deploy autonomous systems that hold course and stay on target despite adverse conditions. "Reliable autonomy has to hold up in every operational scenario, especially when communications are degraded and the environment becomes unpredictable," said Aviv Shapira, Co-Founder and CEO of XTEND. "Owning this intellectual property protects the capabilities that set our systems apart and makes them difficult for others to replicate. Now, as we scale across global defense and security markets, the technology behind that critical differentiation stays defensibly ours." This patent complements XTEND's broader software and autonomy strategy. The company's XOS operating system enables operators to manage, supervise, and deploy autonomous robotic systems across air, ground, and maritime domains. By combining artificial intelligence, autonomy, and human decision-making, XOS allows operators to extend operational reach while maintaining meaningful oversight and control across autonomous assets operating in complex environments. Securing this intellectual property is part of a sustained investment in the autonomy, navigation, and control technologies that XTEND continues to advance as demand for resilient unmanned systems grows worldwide. +++ As announced on February 17, 2026, JFB Construction Holdings (Nasdaq: JFB) and XTEND entered into a definitive agreement to combine with XTEND in an all-stock transaction. The business combination is further supported by strategic investments from Eric Trump, Unusual Machines, American Ventures, LLC, Protego Ventures, and Aliya Capital. Following the closing of the business combination, the joint company is expected to be renamed XTEND AI Robotics and be listed on a U.S. national securities exchange under the ticker symbol “XTND.” About XTEND XTEND is a leader in software systems and artificial intelligence-powered robotics, deployed in high-threat, complex operational environments where human exposure carries significant risk. Powered by its proprietary XTEND Operating System (XOS), XTEND’s integrated software and advanced robotic hardware solutions are designed to provide autonomy at the edge. Operating across defense, law enforcement, and private security missions through a platform of robots, drones, and robotic subsystems, XTEND’s open architecture platform facilitates scalability across partners and third-party applications. With over 10,000 systems deployed in over 30 countries, XTEND’s solutions have been validated in five combat zones and operationally deployed by national defense, special-mission units, and security organizations across the globe. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities located in the U.S., the U.K., Singapore, Israel, and Latvia. For more information, visit www.xtend.me . About JFB Construction Holdings JFB Construction Holdings (Nasdaq: JFB) is a real estate development and construction company that has provided general contracting and construction management services in 36 U.S. states. For more information, visit the company’s SEC filings at www.sec.gov . Cautionary Note Regarding Forward-Looking Statements This communication contains, and oral statements made from time to time by our representatives may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements regarding our ability to benefit from, and protect our, intellectual property, the potential transaction between XTEND Reality Expansion Ltd. (“XTEND”) and JFB Construction Holdings (“JFB”), including statements regarding the expected impacts and benefits of the potential transaction, timing of the transaction closing, and strategic initiatives for XTEND AI Robotics, Inc. (“NewCo”) following the closing. All statements other than statements of historical facts contained in this communication may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “outlook”, “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this communication are only predictions. XTEND’s and JFB’s management have based these forward-looking statements largely on their current expectations and projections about future events and financial trends that management believes may affect its business, financial condition and results of operations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: the transaction may not be consummated; there may be difficulties with the integration and in realizing the expected benefits of the transaction; XTEND and JFB may need to use resources that are needed in other parts of its business to do so; there may be liabilities that are not known, probable or estimable at this time; the transaction may result in the diversion of management’s time and attention to issues relating to the transaction and integration; expected synergies and operating efficiencies attributable to the transaction may not be achieved within its expected time-frames or at all; there may be significant transaction costs and integration costs in connection with the transaction; the possibility that JFB will not have sufficient cash at close to satisfy the minimum cash condition; unfavorable outcome of legal proceedings that may be instituted against JFB and XTEND following the announcement of the transaction; risks inherent to the business may result in additional strategic and operational risks, which may impact XTEND’s, NewCo’s and JFB’s risk profiles, which each company may not be able to mitigate effectively; JFB’s ability to complete construction projects or other transactions on schedule and budget; changes in weather and occurrence of natural disasters and pandemics; recent imposition of tariffs by governments on construction materials, such as steel, aluminum and lumber; disruptions in supply chains; increase in the cost of labor and construction materials; JFB’s ability to maintain safe work sites; XTEND’s dependence on a limited number of defense and governmental security customers for a substantial portion of its business; significant delays or reductions in appropriations, XTEND’s programs and certain government fundings and programs more broadly, including as a result of a prolonged continuing resolution and/or government shutdown, and/or related to the global security environment or other global events; increased competition within JFB’s and XTEND’s markets and bid protests; changes in procurement and other U.S. and foreign laws, including changes through executive orders, contract terms and practices applicable to our industry, findings by certain applicable governments as to our compliance with such requirements, more aggressive enforcement of such requirements and changes in XTEND’s customers’ business practices globally; the improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which XTEND participates, including the impact on XTEND’s reputation and its ability to do business; cyber and other security threats or disruptions faced by XTEND and JFB, its customers or its suppliers and other partners, and changes in related regulations; and XTEND’s ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies to meet the needs of XTEND’s customers. In addition, a number of important factors could cause JFB’s, XTEND’s or NewCo’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors that will be discussed in the section entitled “Risk Factors” in the registration statement on Form S-4 to be filed by JFB and NewCo, as any such factors may be updated from time to time in other filings with the Securities and Exchange Commission (the “SEC”), including without limitation XTEND’s investor relations site at https://www.xtend.me/newsroom and JFB’s investor relations site at https://investors.jfbconstruction.net/ . Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, neither XTEND nor JFB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Important Information for Investors and Stockholders This communication is for informational purposes only and is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. In connection with the transaction, NewCo and JFB filed a registration statement on Form S-4, which will include an information statement of JFB and a preliminary prospectus of NewCo. After the registration statement is declared effective, JFB will mail to its stockholders a definitive information statement that will form part of the registration statement. This communication is not a substitute for the information statement/prospectus or registration statement or for any other document that JFB filed and may file with the SEC and send to its stockholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF XTEND AND JFB ARE URGED TO READ THE INFORMATION STATEMENT/PROSPECTUS OR REGISTRATION STATEMENT AND ANY OTHER DOCUMENT THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the information statement/prospectus (when available) and other documents filed with the SEC by JFB through the website maintained by the SEC at http://www.sec.gov . Copies of the documents filed with the SEC by JFB will be available free of charge on JFB’s website at https://investors.jfbconstruction.net/ . JFB Construction Holdings Contact: CORE IR Mike Mason 516 222 2560 investors@jfbconstruction.net XTEND Contact: Headline Media Sarah Small 929 255 1449 sarah@headline.media XTEND Investor Relations: MZ North America Shannon Devine XTEND@mzgroup.us 203-741-8811
June 16, 2026
Investment deepens the companies' existing supply and manufacturing relationship as Powerus advances its proposed business combination Powerus has previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to customary closing conditions. WEST PALM BEACH, Fla., June 16, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, doing business as “Powerus,” today announced a $30 million strategic investment from Unusual Machines, Inc. (NYSE American: UMAC), a domestic manufacturer of NDAA-compliant drone components. The investment strengthens a working relationship already in place between the two companies, under which Powerus sources drone components and hardware from Unusual Machines The companies' interests are closely aligned: as Powerus scales its production of autonomous and counter-drone systems, it has been and expects to be a meaningful customer for U.S.-made components of the kind Unusual Machines supplies. Powerus is under no obligation to purchase any specific volume of parts, and the two companies operate independently; the relationship reflects a shared focus on building a domestic, U.S.-based defense-autonomy supply chain. “Unusual Machines has been a valued partner as we’ve scaled, and this investment reflects the strength of that relationship and our shared commitment to American-made autonomy,” said Andrew Fox, CEO of Powerus. “The more we grow, the more we both benefit from a resilient domestic supply chain.” “We chose to work with Unusual Machines because they deliver components we trust in real-world conditions,” said Brett Velicovich, Co-Founder of Powerus. “The threats our customers face are evolving fast, and meeting them takes a supply chain that’s built here, holds up under pressure and can scale. Having them as a strategic investor lets us move faster on domestic manufacturing and put proven systems where they’re needed most.” "Powerus is quickly building autonomous and counter-UAS systems at scale. They require trusted domestic suppliers and working capital to go fast,” said Allan Evans, Chief Executive Officer of Unusual Machines. “This investment reflects our confidence in the team, their vision, and the long-term relationship we are building as part of a resilient U.S. drone and counter drone supply chain." About Powerus Powerus (Autonomous Power Corporation) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. Powerus operates through its subsidiaries, each a Powerus company. Powerus previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to the satisfaction of customary closing conditions, including the effectiveness of a registration statement on Form S-4 and applicable regulatory approvals. Learn more at power.us. About Unusual Machines, Inc. Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032. For more information, please visit unusualmachines.com. The hyperlink above directs to a third-party website not affiliated with AGH or Powerus. The linked content is independently maintained and does not form part of this press release or any SEC filing. Neither party controls, endorses, or makes any representation regarding the accuracy or completeness of the linked content. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the strategic investment by Unusual Machines in Powerus; the anticipated benefits of the investment and of the companies’ ongoing relationship; expectations regarding Powerus’s growth, production, and component sourcing; and the proposed business combination between Powerus and Aureus Greenway Holdings Inc. and its expected timing. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, without limitation: (i) the risk that the anticipated benefits of the investment or of the companies’ relationship are not realized; (ii) the risk that Powerus does not achieve anticipated growth or production levels, or does not purchase components at anticipated volumes, the parties being under no obligation to do so; (iii) the risk that the proposed merger between Powerus and Aureus Greenway Holdings Inc. is not completed on the expected timeline or at all, including the risk that the Form S-4 does not become effective or that required approvals or closing conditions are not satisfied; (iv) competitive, regulatory, export-control, and government-procurement risks affecting the defense technology sector; and (v) the other risks described in the filings of Aureus Greenway Holdings Inc. and Unusual Machines, Inc. with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date of this release, and except as required by law, neither company undertakes any obligation to update them. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities. No Offer or Solicitation This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. Important Information and Where to Find It In connection with the proposed transaction, AGH has filed or will file a registration statement on Form S-4 with the SEC, which will include an information statement and preliminary prospectus of AGH. Investors and security holders are urged to read those materials and any other documents filed with the SEC when they become available, because they will contain important information about the proposed transaction. Free copies may be obtained through the SEC’s website at http://www.sec.gov or at AGH’s website at https://www.aureusgreenway.com/secfilings. Media and Investor Contacts Powerus — Media: [Escalate PR contact / press@power.us] Powerus — Investor Relations: [Jason Assad / IR contact] Unusual Machines — Media: media@unusualmachines.com Unusual Machines — Investor Relations: investors@unusualmachines.com
White “SKBL” text on an orange background.
June 16, 2026
Ticker Change Effective June 17, 2026, Reflects the Company’s Pending Combination With Cove Kaz Capital Group LLC. GRAND CAYMAN, CAYMAN ISLANDS, June 16, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (Nasdaq: SKBL) today announced it will change its Nasdaq ticker symbol from SKBL to KAZR, effective June 17, 2026, in anticipation of its pending business combination with Cove Kaz Capital Group LLC (“Cove Kaz”), a U.S.-backed critical minerals development company focused on advancing strategic resource projects in Kazakhstan. The company previously announced the signing of the transaction agreement with Cove Kaz on April 30, 2026. Upon completion of the business combination, which is expected to close before the end of the year, subject to regulatory approvals and customary closing conditions, the combined company plans to operate under the name “Kaz Resources Inc.” The ticker change reflects the company’s goal to become a highly strategic supplier of critical minerals with a focus on supplying customers in the United States preferentially over customers in other regions to ensure that US customers have access to the critical materials they require. Upon completion of the merger, the combined company will operate as Kaz Resources Inc. and continue to trade on Nasdaq under the ticker symbol ‘KAZR’. If and when the business combination is completed, shareholders currently holding shares of SKBL will hold shares of Kaz Resources Inc. upon closing, with no action required in connection with the ticker symbol change. “We are pleased to take this step as we move toward closing the combination with Cove Kaz,” said Paul Mann, Executive Chairman of Skyline Builders Group Holding Limited. “This ticker change reflects the exciting future ahead for our shareholders as we join forces with a company at the forefront of the development of critical material supply chains.” ABOUT THE TICKER CHANGE The ticker symbol change from SKBL to KAZR will be effective on Nasdaq on June 17, 2026. No action is required by current SKBL shareholders in connection with this change. The ticker change does not affect the terms or timing of the pending merger between SKBL and Cove Kaz. The merger remains subject to customary closing conditions, including the effectiveness of the registration statement on Form S-4 and required regulatory approvals and is expected to close before the end of 2026. There can be no assurance that the proposed transaction will be consummated or as to the timing of any such consummation. ABOUT SKYLINE BUILDERS GROUP HOLDING LIMITED Skyline Builders Group Holding Limited (NASDAQ: SKBL) is a Cayman Islands exempted company with limited liability with its main assets focused on the construction industry in Asia. In the third quarter of 2025, a group of US investors, led by American Ventures, took control of SKBL via a significant cash injection with a goal to divest of the legacy Asian construction business and acquire assets in the critical material supply chain. SKBL seeks to become a highly strategic supplier of critical minerals and nuclear fuels and will focus on supplying customers in the United States preferentially over customers in other regions to ensure that US customers have access to the critical materials they require. In November 2025, SKBL announced that it had subscribed for an approximate 20% membership interest in an LLC involved in the critical materials supply chain. In April 2026, SKBL announced a Transaction Agreement to effect a business combination with Cove Kaz, a U.S.-backed critical minerals development company focused on advancing strategic resource projects in Kazakhstan. ABOUT COVE KAZ CAPITAL GROUP LLC Cove Kaz Capital Group LLC is a U.S.-backed critical minerals development company focused on advancing strategic resource projects in Kazakhstan. On February 13, 2026 the company signed a sale purchase agreement to acquire a 70% controlling interest in Severniy Katpar LLP, a joint venture with Kazakhstan’s national mining company Tau-Ken Samruk, which retains the remaining 30%. Through this partnership, Cove Kaz will be developing the Northern Katpar and Upper Kairakty tungsten deposits, among the largest undeveloped tungsten resources globally. The project is advancing through feasibility, permitting, and development toward commercial production, with the objective of establishing a long-term, secure supply of tungsten to support critical industrial and defense applications in the United States and allied markets. In addition, Cove Kaz holds a 75% interest in the Akbulak rare earth project in a joint venture with Qazgeology, a subsidiary of Kazakhstan’s national mining company Tau-Ken Samruk, further strengthening its position in building integrated, diversified critical minerals supply chains. Together, these assets position Cove Kaz as a key participant in the development of reliable, independent sources of strategically important materials outside of China. For more information visit www.kazresources.com . FORWARD LOOKING STATEMENTS This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC. For more information, please contact: Skyline Builders Group Holding Limited Investor Relations Department Email: ir@skylinebuilders.cc
June 15, 2026
~ Dominari Allocated 1,481,481 IPO shares of SpaceX NEW YORK, June 15, 2026 /PRNewswire/ -- Dominari Securities LLC, a wholly owned subsidiary of Dominari Holdings Inc. (Nasdaq: DOMH ), is pleased to announce the successful launch and closing of the American Ventures Opportunity QP Series IV – SpaceX Fund, (hereinafter, the "Fund"). The Fund successfully raised approximately $200,000,000.00 from qualified investors and deployed that capital to directly acquire 1,481,481 IPO shares of SpaceX at a price of $135.00 per share in what the Wall Street Journal called the smoothest IPO in recent history, as well as the largest IPO ever. Unlike many other banks that received little or no IPO share allocation, Dominari's allocation was significant, marking another milestone in the firm's private markets platform. In addition, Dominari and its affiliates had previously completed eight (8) pre-IPO investment rounds in both SpaceX and xAI, representing an aggregate investment of approximately $50,000,000.00, in addition to the approximate $200,000,000.00 raised in the IPO. The carried interest from these investments may eventually exceed $40,000,000.00 for Dominari and underscores the firm's ability to consistently source, structure, and execute differentiated private market opportunities. "This transaction represents a momentous achievement for our private markets platform and our investors," said Kyle M. Wool. "We are proud to provide access to premier, late-stage private companies such as SpaceX, and to execute at scale with precision. This outcome reflects the strength of our investor relationships, our structuring capabilities, and the dedication of our entire team." Dominari Securities extends its sincere appreciation to the underwriters and the expert execution team at Goldman Sachs for their collaboration, expertise, and professionalism in completing this transaction. For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/ About Dominari Holdings Inc. The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari Holdings provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance shareholder value, including in the AI and Data Center sectors. Dominari Securities LLC's Mission Statement: Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors. Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at https://brokercheck.finra.org. Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Contacts: Dominari Holdings Inc. https://www.dominariholdings.com/ info@dominari.com  SOURCE Dominari Holdings Inc.
June 11, 2026
Military modernization, infrastructure monitoring, and precision agriculture are fueling massive new revenue opportunities across the fast-expanding drone economy. NEW YORK, June 11, 2026 (GLOBE NEWSWIRE) -- Market News Updates News Commentary - Drones are becoming increasingly vital in defense, industrial, and agricultural fields due to their capacity to boost efficiency, reduce expenses, and save time beyond what traditional methods can achieve. In defense, drones are now utilized for various functions such as surveillance, border security, intelligence gathering, logistics, and military actions, all while decreasing risks to human lives. The global military's interest in self-governing and AI-powered drone systems is growing, with significant investments being made by nations. Predictions indicate that the global military drone market could generate annual revenues ranging between $80 billion and $90 billion by 2030, driven by the expansion of defense modernization programs creating opportunities for active tech companies that include: ZenaTech, Inc. (NASDAQ: ZENA), Leonardo DRS, Inc. (NASDAQ: DRS), Ondas Inc. (NASDAQ: ONDS), Red Cat Holdings, Inc. (NASDAQ: RCAT), Aureus Greenway Holdings Inc. (NASDAQ: PUSA). Industries are progressively turning to drones to handle hazardous, expensive, and time-consuming tasks. For example, energy companies use drones to inspect pipelines, solar panels, and power grids, while construction and mining firms utilize them for surveying, mapping, and overseeing project locations. Drones enable quick inspections, reducing labor costs and improving worker safety by completing tasks within hours rather than days. The worldwide commercial drone market, valued at approximately $30 billion in 2024, is expected to exceed $54 billion by 2030 as their application broadens across sectors like infrastructure, logistics, engineering, and industrial automation. Agriculture emerges as a potentially significant growth catalyst for the drone industry in the long term. Farmers are increasingly incorporating drones into their practices for activities such as monitoring crops, evaluating irrigation needs, applying pesticides, monitoring livestock, and implementing precision agriculture techniques. These technologies help farmers enhance crop yields while minimizing water, fertilizer, and chemical usage, a crucial factor given the global rise in food demand. Forecasts indicate that the agricultural drone sector alone could surpass $20 billion annually by 2030, reflecting the widespread adoption of precision agricultural methods worldwide. ZenaTech (NASDAQ:ZENA) Signs Offer to Acquire a Western Canadian Geospatial and Land Surveying Company to Accelerate Drone as a Service in Utilities, Forestry, Agriculture and Government Sectors - ZenaTech, Inc. ($ ZENA ) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces that it has signed an offer to acquire an established land surveying company with a regional footprint across Western Canada. The proposed acquisition builds on ZenaTech's ongoing North American acquisition strategy and focuses on expanding its Drone as a Service presence in the Western Canadian geospatial sector, which includes critical industries such as infrastructure, utilities, forestry, mining, and agriculture. By combining established surveying and geomatics expertise with advanced drone operations and emerging Beyond Visual Line of Sight (BVLOS) capabilities, ZenaTech believes it can expand its service offerings, increase recurring revenue opportunities, and capitalize on growing demand for geospatial data and aerial intelligence solutions across the region. “Western Canada represents one of the most attractive North American growth markets for geospatial drone-based services supported by strong demand from construction, utilities, forestry, agriculture and public-sector clients,” said Shaun Passley, Ph.D., CEO of ZenaTech. “The proposed Western Canadian land survey firm acquisition would provide an established regional footprint, a broad commercial and government client base and immediate opportunities to expand higher-margin drone services. Combined with Canada’s progressive BVLOS (Beyond Visual Line of Sight) regulatory framework, we believe this positions us to accelerate recurring revenue growth, expand service coverage, and capitalize on a rapidly growing commercial and government drone services market.” ZenaTech believes Western Canada is well positioned to become a leading market for commercial Drone-as-a-Service applications based on its vast geography, extensive infrastructure networks, and globally significant forestry and agricultural industries. This creates substantial opportunity for advanced drone operations capable of delivering speed, cost savings, improved safety, and actionable data analytics. According to Grand View Horizon Research , the Canadian drone market is estimated at approximately US$4.5 billion in 2025 and is projected to reach over US$11 billion by 2033, growing at a compound annual growth rate of over 11%. This growth plus the fact that Canada has established one of the most progressive regulatory frameworks for BVLOS drone operations in North America, potentially provides a clearer and faster pathway to advanced applications and deployment. ZenaTech’s Drone as a Service AI autonomy platform provides commercial and government clients with convenient subscription and usage-based drone services for a host of surveying, infrastructure inspection, maintenance, power washing, and precision agriculture services, without the capital costs or operational burdens of ownership. By acquiring established, profitable low-tech service companies ripe for drone innovation, ZenaTech is building a global, multi-service DaaS network of locations in communities anchored by existing customers and revenue, for next-gen drone integration designed for speed, precision, data, and safety benefits. The company is continuing to build its global network of locations as well as integrate its AI drones, data processing workflows, and new services. Continued… Read this full release and additional news for ZENA by visiting: https://www.zenatech.com/newsroom/ Key Reasons Drones Are Becoming Essential: Lower operational costs compared to traditional aircraft and manual labor Faster inspections, surveillance, and data collection Improved worker safety in hazardous environments AI and automation are making drones smarter and more autonomous Growing military spending is accelerating defense drone demand Precision agriculture is helping farmers maximize yields and efficiency Industrial companies are adopting drones for infrastructure monitoring Drone delivery and logistics markets continue expanding rapidly 5G connectivity and advanced sensors are improving drone capabilities Analysts project the broader global drone market could exceed $150 billion by 2030 depending on adoption rates and market segment growth In other Business/Military/UAV/Drone industry recent and current news of note: Ondas Inc. (Nasdaq: ONDS), a leading provider of autonomous drone and advanced defense technologies, recently announced that it will officially launch LADOS — a Layered Autonomous Defense Operational C2 System, during Eurosatory 2026 in Paris, France, one of the world’s premier international defense and security exhibitions. LADOS serves as the operational backbone connecting Ondas’ expanding portfolio of technologies into a unified, systems-of-systems architecture. By integrating systems across Ondas’ operating companies and mission platforms, LADOS enables customers to collect intelligence, detect threats, coordinate assets, execute missions, and manage responses through a unified operational environment. The platform supports the complete mission cycle — sense, decide, orchestrate, execute, and assess — by bringing together sensors, platforms, operators, and effectors into one operational core. Leonardo DRS, Inc. (Nasdaq: DRS) announced recently the launch of Tenum® 640 Orbit™, an advanced uncooled long-wave infrared (LWIR) thermal camera module optimized for unmanned air, ground, and maritime platforms. “Unmanned systems are fielding at scale. Integrators and operators need thermal cameras that are both mission-capable and integration-friendly,” said Greg Christison, vice president, Sensors & Aviation, at Leonardo DRS. “Tenum® 640 Orbit™ is a size, weight, power and cost (SWAP-c) optimized OEM camera module to help accelerate integration timelines and enable broader deployment across small, unmanned platforms without compromising performance.” Configured for high-volume integration for Group 1-3 UAV, Tenum® 640 Orbit™ is an ideal cost-optimized payload for unmanned aerial vehicle (UAV), unmanned ground vehicle (UGV), and unmanned surface vessel (USV) applications. The module is built around an uncooled VOx microbolometer and delivers 640 x 512 resolution with 10 µm pixel pitch in the 8-14 µm spectral band. Red Cat Holdings, Inc. (Nasdaq: RCAT), a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, recently announced that its maritime division, Blue Ops, is ramping into full-rate production of the Variant 7 (V7) uncrewed surface vessel (“USV”), a maritime autonomy platform designed, built and assembled in the United States for U.S. and allied defense missions. The Variant 7 is a mission-adaptable USV powered by a Steyr engine and integrated with a domestic autonomy, command-and-control, communications, and mission systems stack. As the U.S. -developed platform advanced from early prototype to production, Blue Ops prioritized U.S.-made and NDAA-compliant components across its navigation, control, marine hardware and perception systems, reflecting its commitment to domestic research and development, manufacturing, trusted supply chains and scalable production. “Blue Ops is moving Variant 7 into full-rate production because the mission demand is here now,” said Barry Hinckley, President of Blue Ops. “This platform brings together U.S. boatbuilding expertise, a modern tech stack that was designed and developed domestically, and a defense-ready supply chain for customers who cannot compromise on origin, reliability, or adaptability. We designed Variant 7 to be built at scale and configured for the missions our customers face.” Aureus Greenway Holdings Inc. (Nasdaq: PUSA) recently announced that Autonomous Power Corporation, doing business as “Powerus”, its proposed merger target, closed a $50 million strategic investment from KCGI Innovative Growth ESG Private Equity Fund 1 and KCGI Innovative Growth ESG Private Equity Fund 1-1 (together, “KCGI”), the Korea Climate & Governance Investment Fund, a Seoul-based investment group. The capital is expected to be deployed to scale manufacturing capacity for Powerus’s autonomous defense systems across facilities in the United States and South Korea and for general working capital purposes. The Company believes the investment by KCGI supports Powerus's strategy to build a resilient, ally-sourced manufacturing base for its autonomous systems platforms that is expected to reduce dependence on foreign supply chains from non-allied nations and facilitating production capacity in countries with aligned with the United States’s national security interests. 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June 10, 2026
By Elias Schisgall A blank-check company with ties to President Trump's sons filed to raise $100 million in an initial public offering. American Ventures Acquisition Corp. I plans to list 20 million shares at $5 apiece, according to a Tuesday filing with the Securities and Exchange Commission. The underwriters will have a 45-day option to purchase up to an additional 3 million shares, bringing the total maximum potential offering to $115 million. The company is led by Anthony Hayes, the chief executive of Dominari Holdings, which has become a go-to dealmaker for President Trump's sons, Eric Trump and Donald Trump Jr., The Wall Street Journal previously reported. Eric Trump is expected to serve on the blank check company's advisory board. Its board of directors is chaired by Dominari Holdings President Kyle Wool, and the board is also expected to include Stefan Passantino, a deputy White House counsel during the first Trump administration, according to the filing. The company said it intends to acquire one or more businesses with a total enterprise value of at least $700 million, according to the filing. It said it hasn't yet selected or initiated discussions with business combination targets. "Our objective is to target businesses that are not only well-positioned for long-term, sustainable growth, but also deeply aligned with the advancement of U.S. industrial capacity, technological leadership and innovation, and economic resilience," the company said in the filing. The company intends to apply to list its stock on Nasdaq under the symbol AVAC. Write to Elias Schisgall at elias.schisgall@wsj.com  (END) Dow Jones Newswires June 10, 2026 14:25 ET (18:25 GMT) Copyright (c) 2026 Dow Jones & Company, Inc.
June 9, 2026
Significant Asia-Pacific Contract to Date Expands XOS Deployment Footprint and Strengthens International Orders Backlog TAMPA, Fla., June 09, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced today that XTEND , a leader in software systems and artificial intelligence-powered robotics, has secured a multi-million-dollar strategic defense contract for the delivery more than 100 Scorpio drone systems powered by XOS, XTEND’s operating system for autonomous robotics, to a defense customer in the Asia-Pacific region.  The award represents a significant contract for XTEND in the Asia-Pacific region and further expands the global deployment footprint of XOS across one of the world's fastest-growing autonomous systems markets. Deliveries are expected to commence during 2026 and continue into 2027, contributing to XTEND's international backlog and supporting long-term revenue visibility.
June 3, 2026
Companies to jointly evaluate Swarmer’s vendor-agnostic coordination platform across Powerus air and maritime autonomous systems for defense, counter-drone, and critical-infrastructure missions Powerus and Swarmer have signed a Memorandum of Understanding (MOU) to explore integrating Swarmer’s coordination software with Powerus air and maritime autonomous systems. The collaboration targets defense, counter-UAS, border security, and critical-infrastructure missions. Powerus has previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to customary closing conditions, including effectiveness of a Form S-4 registration statement and regulatory approvals. WEST PALM BEACH, Fla. and AUSTIN, Texas, June 03, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, doing business as “Powerus,” and Swarmer, Inc. (Nasdaq: SWMR) (“Swarmer”) today announced that the two companies have entered into a Memorandum of Understanding (the “MOU”) to explore the technical and operational feasibility of integrating Swarmer’s vendor-agnostic swarming and coordination software with Powerus’s unified autonomous systems architecture. The collaboration is exploratory and is intended to evaluate joint deployment concepts for defense, critical infrastructure protection, border security, and counter-drone missions. Under the MOU, the companies intend to assess interoperability between Swarmer’s multi-vehicle coordination platform and Powerus air and maritime platforms, mission systems, and U.S.-based manufacturing and integration resources. The MOU establishes a framework for good-faith technical exchanges, integration testing, and demonstration planning, and does not commit either company to any production, procurement, or financial obligation. About the proposed collaboration Within the exploratory scope of the MOU, the companies may evaluate, by mutual agreement: interoperability between Swarmer’s coordination platform and Powerus heavy-lift vertical takeoff and landing (VTOL) and tactical unmanned air systems developed through PowerAir, and unmanned surface and maritime systems developed through PowerSea; coordinated multi-drone operations, including swarming, deconfliction, and distributed mission execution across heterogeneous unmanned systems; candidate concepts of operation and demonstration scenarios for counter-UAS, interceptor coordination, and critical-infrastructure protection; and manufacturing and integration feasibility, supported by Powerus’s U.S.-based production base and strategic supplier network. Any activity beyond this evaluation — including any commercial, development, licensing, or supply arrangement — would be addressed only in one or more separate definitive agreements, which the companies are under no obligation to enter into. Powerus perspective “I first met the Swarmer team during my time volunteering in Ukraine, the same experience that shaped the idea behind Powerus,” said Brett Velicovich, President of Powerus. “Their software has been proven in more than 100,000 combat missions in one of the most demanding operational environments in the world. Exploring how it could work with our U.S.-built air and maritime platforms is exactly the kind of capability our customers are asking about.” Swarmer perspective "We see a strong demand signal in the U.S. for combat-proven technology that has been deployed in Ukraine," said Alex Fink, President and U.S. CEO of Swarmer. "We look forward to partnering with Powerus to deliver reliable autonomous solutions across air, land, and sea. We have been highly impressed by the quality of Powerus' existing VTOL, first-person view (FPV), and unmanned surface vehicle (USV) platforms, and we are excited about the possibility of creating a suite of autonomous products that will allow the U.S. to dominate its adversaries across all domains." About Powerus Powerus (Autonomous Power Corporation) builds and scales unified autonomous systems designed to move, protect, and sustain critical assets in high-risk environments, with capabilities spanning heavy-lift platforms, autonomous air systems, autonomous maritime systems, mission systems, training and support, and U.S.-based manufacturing. Powerus operates through its subsidiaries, each a Powerus company. Powerus previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to the satisfaction of customary closing conditions, including the effectiveness of a registration statement on Form S-4 and applicable regulatory approvals. Learn more at power.us . About Swarmer Swarmer™ is a defense technology company that specializes in vendor-agnostic software which allows one operator to intuitively control hundreds of autonomous platforms in real time. Swarmer’s primary mission areas include autonomous swarm coordination, integration of multi-domain unmanned systems and AI-powered autonomy software for distributed operations. Swarmer is not a drone manufacturer and does not depend on any single platform, supplier or hardware lifecycle. Instead, Swarmer operates at the intelligence layer, developing autonomy, coordination and decision-making software that enables large numbers of low-cost unmanned systems to operate collectively as one coherent, resilient force. Swarmer’s technology has been rigorously validated in real-world kinetic environments and was first deployed in combat operations in Ukraine in April 2024. Since then, it has completed more than 100,000 combat missions, generating terabytes of proprietary data that informs its machine-learning models and enables the replication of advanced pilot performance at scale. Swarmer’s routine use in combat missions generates continuous streams of telemetry, sensor data and operational feedback which are then used to refine performance, increase resilience and accelerate learning. Swarmer has headquarters in Austin, Texas, and maintains operations and teams in Ukraine, Poland and Estonia. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Memorandum of Understanding between Powerus and Swarmer; the anticipated scope, objectives, and potential benefits of the contemplated collaboration; the potential integration or interoperability of the companies’ respective technologies and platforms; the possibility that the companies may enter into one or more definitive agreements; the anticipated capabilities, applications, or markets for any resulting offering; and the proposed merger between Powerus and Aureus Greenway Holdings Inc. and its expected timing. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, without limitation: (i) the MOU establishes a framework for exploratory evaluation only, does not obligate either party to proceed with any transaction, and either party may decline to proceed at any time, for any reason or no reason, without liability; (ii) the risk that the parties do not enter into any definitive agreement and that no commercial relationship results from the MOU; (iii) the risk that integration of the parties’ technologies proves technically or operationally infeasible, or does not meet performance, security, or customer requirements; (iv) the risk that anticipated benefits, applications, or markets do not materialize on the expected timeline or at all; (v) the risk that the proposed merger between Powerus and Aureus Greenway Holdings Inc. is not completed on the expected timeline or at all, including the risk that the Form S-4 does not become effective or that required approvals are not obtained; (vi) competitive, regulatory, export-control, and government-procurement risks affecting the defense technology sector; and (vii) the other risks described in the filings of Aureus Greenway Holdings Inc. and Swarmer, Inc. with the U.S. Securities and Exchange Commission. In connection with the proposed merger, Aureus Greenway Holdings Inc. has filed or will file relevant materials with the SEC, including a registration statement on Form S-4 containing a proxy statement/prospectus. Investors and security holders are urged to read those materials when available because they contain important information. Forward-looking statements speak only as of the date of this release, and except as required by law, neither company undertakes any obligation to update them. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities. NO OFFER OR SOLICITATION This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. IMPORTANT INFORMATION AND WHERE TO FIND IT In connection with the transaction, AGH will file a registration statement on Form S-4 with the SEC, which will include an information statement and preliminary prospectus of AGH. After the registration statement is declared effective, AGH will mail to its stockholders a definitive information statement. Additionally, AGH expects to file other relevant materials with the SEC in connection with the merger. Investors and security holders are urged to read the registration statement and joint information statement/prospectus when they become available (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the joint information statement/prospectus) because such documents will contain important information regarding the proposed transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov or at AGH’s website at https://www.aureusgreenway.com/secfilings . Media and Investor Contacts Powerus — Media: Escalate PR contact / press@power.us Powerus — Investor Relations: Jason Assad / 678-570-6791 Swarmer — Media: media@swarmer.tech Swarmer — IR: SWMR@gateway-grp.com
June 3, 2026
Simultaneous wars in Ukraine and Iran have depleted sources of tungsten, a largely obscure metal that is used in war machinery, but also more mundane machinery like drill bits and industrial equipment. China is the dominant supplier and has wielded its control as a geopolitical weapon. A tungsten mining project in Kazakhstan is among potential new supply sources, but Trump family investment has attracted scrutiny. Almonty Industries, a Canada-based miner that has tungsten mines in South Korea and Portugal, is also interested in the potential to mine within the U.S. The Iran war has caused well-documented price spikes and shortages on a range of items Americans depend upon. Oil and gas, of course, but also petrochemicals and everything derived from them (e.g. plastics) and helium are among raw materials that have been besieged by the closure of the Strait of Hormuz . Still, there is another element which has seen its price surge amid increasingly short supply because of war, but where the shock will not relent even if the Strait is reopened. The vast amount of U.S. munitions used in battle combined with weapons shipped to Ukraine has left many U.S.-based entities in search of tungsten. If you don’t know you need tungsten, that’s understandable. While tungsten’s role in weapons is driving the current crisis, its reach extends to far more mundane corners of American life, from the dentist’s chair to the fishing hole. It flies under the radar for most people, but not those within supply chains where it is critical. “The tungsten topic comes up in almost every vendor conversation,” said Mark Vena, CEO and principal analyst at SmartTech Research. “Tungsten is the metal nobody talks about until missiles, factories, and machine shops all need it at the same time,” Vena said, noting that it connects warfighting, manufacturing, electronics, aerospace, EVs, and everyday tools. Vena described the current situation as “one ugly supply chain knot” and said the tungsten crisis is a reminder that for all of AI’s and tech’s advancement, the economy is still dependent on physical materials. As with other situations involving rare earth materials in recent years, China looms large in the supply chain bottleneck. China is the dominant supplier, controlling as much as 80% of the world’s tungsten , though its production is on the decline. It clamped down on exports back in February 2025, citing national security concerns, and it continues to subject the metal to tight export controls . According to the most recent USGS data , global tungsten production reached approximately 81,000 metric tons in 2024, with Vietnam a distant second to China. The U.S. produces virtually none domestically. Tungsten mining by country Metric tons produced in 2024 China and Vietnam account for more than 80% of the world's tungsten production.
June 2, 2026
NEW YORK, June 2, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH ) today issued the following letter to shareholders: Dear Shareholder, The rise of drones in our society has become ubiquitous. Whether it's the discussion of their use to make deliveries, their use to cover sporting events, or their constant presence when discussing conflicts in the middle east, drones are everywhere. And at Dominari, we are proud to play our part in building and supporting this growing American industry. Since our inception, Dominari has been involved in supporting this important new facet of American society, starting with Unusual Machines (NYSE American: UMAC). Dominari was involved with UMAC when it was still a private company, working with their outstanding leadership to help them prepare for going public. Dominari was then the lead underwriter on UMAC's IPO on the New York Stock Exchange. It was also Dominari's first IPO. We have continued to support UMAC through several follow-on offerings that have helped UMAC surpass a $1.5B valuation as of the close on May 29th. And recently, UMAC was highlighted as one of a select group of drone companies the Trump administration is reportedly considering for potential direct government funding. According to recent coverage by The Wall Street Journal, discussions have included possible financing structures involving a mix of debt and equity. Shares of Unusual Machines surged 50% following the report. In addition to UMAC, Dominari has worked with XTEND, which is set to go public through its proposed merger with JFB Construction Holdings (Nasdaq: JFB ). XTEND was also selected among a limited group of companies invited to participate in the Phase II Qualifier of the U.S. Department of Defense's Drone Dominance Program. The Drone Dominance Program is a large-scale defense initiative designed to accelerate the deployment of next-generation autonomous drone technologies, with a stated goal of supporting the procurement of more than 200,000 drones by 2027. Drone dominance was described as a "presidential priority" in President Trump's $1.5 trillion defense budget request for fiscal year 2027. XTEND expects to demonstrate its proprietary XOS operating system at the qualifier event this summer at Camp Grayling, showcasing scalable human-guided autonomous operations across complex and contested environments. Further, Powerus Corporation, which merged into Aureus Greenway Holdings (Nasdaq: PUSA ), was similarly selected to compete in the Phase II qualifier of the Drone Dominance Program with its MatrixFold multi-purpose attack drone, making Aureus Greenway another portfolio company participating in this approximately $1 billion Pentagon initiative. Dominari is incredibly proud of our work with these companies, and we wish each of them congratulations and continued success. The rise of the American drone industry is an important factor in our country's new economy, and we are honored to be a part of that rise. Please see below for an outline of the capital raises completed for each portfolio company, along with the associated timeframes. Unusual Machines, Inc.
May 28, 2026
XTEND selected among a limited group of companies invited to participate in next stage of major U.S. Department of Defense initiative expected to support procurement of more than 200,000 drones by 2027 XTEND set to go public through proposed merger with JFB Construction Holdings (Nasdaq: JFB) mid-2026 PALM BEACH, Fla., May 28, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) (“JFB” or the “Company”), which recently announced its proposed business combination with XTEND, a leader in AI-powered autonomous robotics and operating systems, today announced that XTEND was selected as one of a limited group of companies invited to participate in the Phase II Qualifier of the U.S. Department of Defense’s Drone Dominance Program (“DDP”). The Drone Dominance Program is a large-scale U.S. defense initiative designed to accelerate the deployment of next-generation autonomous drone technologies across the U.S. military. According to public statements released by the program, the initiative is intended to support the procurement of more than 200,000 drones by 2027 for deployment across complex operational environments.  The Drone Dominance Program represents one of the largest emerging U.S. initiatives focused on accelerating the deployment and domestic scaling of autonomous drone systems for future military operations. XTEND was selected among a limited group of companies invited to participate in the next phase of the program, which is expected to take place this summer at Camp Grayling, Michigan. The qualifier event is expected to evaluate autonomous systems across complex operational scenarios and contested mission environments. During the qualifier event, XTEND expects to demonstrate how its proprietary XOS operating system enables scalable human-guided autonomous operations across complex and contested environments. XTEND’s proprietary XOS operating system powers human-guided autonomous platforms designed for defense, national security and public safety missions. XTEND systems have been deployed operationally in complex real-world environments and are designed to support scalable autonomous missions across defense, national security and public safety applications while enhancing operator effectiveness and reducing risk to personnel. “Modern operational environments require autonomous systems that can scale rapidly, operate reliably in contested conditions, and help keep operators out of harm’s way,” said Aviv Shapira, Co-Founder and Chief Executive Officer of XTEND. “We believe our participation in the next phase of the Drone Dominance Program reflects the growing importance of AI-powered autonomy, human-guided mission systems, and scalable operational robotics within the future U.S. defense ecosystem.” “XTEND’s advancement into the next phase of the Drone Dominance Program represents meaningful validation of the company’s autonomous systems, operational capabilities and growing role within the U.S. defense ecosystem,” said Joseph F. Basile, III, Chief Executive Officer of JFB Construction Holdings. “We believe this initiative reflects the Department of Defense’s increasing focus on scalable autonomous technologies, and XTEND is well positioned to support that evolving operational need.” +++ As announced on February 17, 2026, JFB Construction Holdings (Nasdaq: JFB) and XTEND entered into a definitive agreement to combine with XTEND in an all-stock transaction. The business combination is further supported by strategic investments from Eric Trump, Unusual Machines, American Ventures, LLC, Protego Ventures, and Aliya Capital. Following the closing of the business combination, the joint company is expected to be renamed XTEND AI Robotics and be listed on a U.S. national securities exchange under the “XTND.” About XTEND XTEND is a leader in software systems and artificial intelligence-powered robotics, deployed in high-threat, complex operational environments where human exposure carries significant risk. Powered by its proprietary XTEND Operating System (XOS), XTEND’s integrated software and advanced robotic hardware solutions are designed to provide autonomy at the edge. Operating across defense, law enforcement, and private security missions through a platform of robots, drones, and robotic subsystems, XTEND’s open architecture platform facilitates scalability across partners and third-party applications. With over 10,000 systems deployed in over 30 countries, XTEND’s solutions have been validated in five combat zones and operationally deployed by national defense, special-mission units, and security organizations across the globe. Founded in Tel Aviv, Israel, and headquartered in Tampa, Florida, XTEND delivers NDAA-compliant solutions through a global network of regional XFAB manufacturing facilities located in the U.S., the U.K., Singapore, Israel, and Latvia. For more information, visit www.xtend.me . About JFB Construction Holdings JFB Construction Holdings (Nasdaq: JFB) is a real estate development and construction company that has provided general contracting and construction management services in 36 U.S. states. For more information, visit the company’s SEC filings at www.sec.gov . Cautionary Note Regarding Forward-Looking Statements This communication contains, and oral statements made from time to time by our representatives may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements regarding the expected size of the U.S. defense budgets for tactical strike and defense programs, the impact of Xtend receiving U.S. Army Fuze Safety Board for its high-voltage safety and arming system for FPV attack drones, the potential transaction between Xtend Reality Expansion Ltd. (“Xtend”) and JFB Construction Holdings (“JFB”), including statements regarding the expected impacts and benefits of the potential transaction, timing of the transaction closing, and strategic initiatives for Xtend AI Robotics, Inc. (“NewCo”) following the closing. All statements other than statements of historical facts contained in this communication may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “outlook”, “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this communication are only predictions. Xtend’s and JFB’s management have based these forward-looking statements largely on their current expectations and projections about future events and financial trends that management believes may affect its business, financial condition and results of operations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: the transaction may not be consummated; there may be difficulties with the integration and in realizing the expected benefits of the transaction; Xtend and JFB may need to use resources that are needed in other parts of its business to do so; there may be liabilities that are not known, probable or estimable at this time; the transaction may result in the diversion of management’s time and attention to issues relating to the transaction and integration; expected synergies and operating efficiencies attributable to the transaction may not be achieved within its expected time-frames or at all; there may be significant transaction costs and integration costs in connection with the transaction; the possibility that JFB will not have sufficient cash at close to satisfy the minimum cash condition; unfavorable outcome of legal proceedings that may be instituted against JFB and Xtend following the announcement of the transaction; risks inherent to the business may result in additional strategic and operational risks, which may impact Xtend’s, NewCo’s and JFB’s risk profiles, which each company may not be able to mitigate effectively; JFB’s ability to complete construction projects or other transactions on schedule and budget; changes in weather and occurrence of natural disasters and pandemics; recent imposition of tariffs by governments on construction materials, such as steel, aluminum and lumber; disruptions in supply chains; increase in the cost of labor and construction materials; JFB’s ability to maintain safe work sites; Xtend’s dependence on a limited number of defense and governmental security customers for a substantial portion of its business; significant delays or reductions in appropriations, Xtend’s programs and certain government fundings and programs more broadly, including as a result of a prolonged continuing resolution and/or government shutdown, and/or related to the global security environment or other global events; increased competition within JFB’s and Xtend’s markets and bid protests; changes in procurement and other U.S. and foreign laws, including changes through executive orders, contract terms and practices applicable to our industry, findings by certain applicable governments as to our compliance with such requirements, more aggressive enforcement of such requirements and changes in Xtend’s customers’ business practices globally; the improper conduct of employees, agents, subcontractors, suppliers, business partners or joint ventures in which Xtend participates, including the impact on Xtend’s reputation and its ability to do business; cyber and other security threats or disruptions faced by Xtend and JFB, its customers or its suppliers and other partners, and changes in related regulations; and Xtend’s ability to innovate, develop new products and technologies, progress and benefit from digital transformation and maintain technologies to meet the needs of Xtend’s customers. In addition, a number of important factors could cause JFB’s, Xtend’s or NewCo’s actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements, including but not limited to those important factors that will be discussed in the section entitled “Risk Factors” in the registration statement on Form S-4 filed by JFB and NewCo, as any such factors may be updated from time to time in other filings with the Securities and Exchange Commission (the “SEC”), including without limitation Xtend’s investor relations site at https://www.xtend.me/newsroom and JFB’s investor relations site at https://investors.jfbconstruction.net/ . Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, neither Xtend nor JFB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Important Information for Investors and Stockholders This communication is for informational purposes only and is not intended to, and does not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any issuance or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act. In connection with the transaction, NewCo and JFB filed a registration statement on Form S-4, which will include an information statement of JFB and a preliminary prospectus of NewCo. After the registration statement is declared effective, JFB will mail to its stockholders a definitive information statement that will form part of the registration statement. This communication is not a substitute for the information statement/prospectus or registration statement or for any other document that JFB filed and may file with the SEC and send to its stockholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF XTEND AND JFB ARE URGED TO READ THE INFORMATION STATEMENT/PROSPECTUS OR REGISTRATION STATEMENT AND ANY OTHER DOCUMENT THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the information statement/prospectus (when available) and other documents filed with the SEC by JFB through the website maintained by the SEC at http://www.sec.gov . Copies of the documents filed with the SEC by JFB will be available free of charge on JFB’s website at https://investors.jfbconstruction.net/ . JFB Construction Holdings Contact: CORE IR Mike Mason 516 222 2560 investors@jfbconstruction.net XTEND Contact: Headline Media Sarah Small 929 255 1449 sarah@headline.media XTEND Investor Relations: MZ North America Shannon Devine XTEND@mzgroup.us 203-741-8811
May 27, 2026
Powerus’ MatrixFold Dual-Use Attack Drone is part of the next generation of American-built one-way attack drones Powerus recently announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA), positioning Powerus to become publicly traded upon completion WEST PALM BEACH, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, doing business as "Powerus ," today announced that it has been selected to compete in the qualifier for Phase II of the Department of War's Drone Dominance Program with its MatrixFold multi-purpose attack drone. With this qualification, Powerus becomes part of the $1 billion Pentagon initiative to procure and field tens of thousands of low-cost, one-way attack drones, with the aim of accelerating combat capability and strengthening the U.S. drone manufacturing base.  Winners of the Program will have demonstrated the ability to produce capable, low-cost, secure supply chains for sUAS at scale, enabling the U.S. military to integrate these capabilities into future acquisition pathways. Following qualification, the next parts of Phase II involve a production and delivery test to prove manufacturing readiness, and the Gauntlet II to identify the most capable systems for scaling and fielding. The Gauntlet test event concludes with the delivery of sUAS orders to the winners. The Phase II Qualifier window is currently estimated for June 2026. The Powerus Matrix Series is a U.S.-made line of modular first-person view platforms designed for rapid deployment across strike, ISR, and heavy-payload missions. Built with lightweight folding airframes for rucksack and vehicle transport, the systems can be configured in seconds around a common operational architecture. The MatrixFold platform is Blue UAS-compatible and NDAA-compliant. "The math of war has changed. A thousand-dollar drone can take out a multi-million-dollar target, and whoever can put a combat-ready first-person view in a soldier's hands at scale wins that exchange," said Andrew Valkenburg, Executive Vice President of Technology and Manufacturing at Powerus. "Our MatrixFold platform is built for that fight. It is a multipurpose, quick-to-deploy airframe built on the same Matrix architecture already in the hands of every U.S. Service. Our manufacturing posture was designed for the volumes Phase II calls for, and we are ready to deliver." "Phase II comes down to who shows up with a drone that serves soldiers on the ground through a supply chain the Pentagon can trust," said Brett Velicovich, Co-Founder of Powerus. "The MatrixFold platform reflects what end users have asked us for, manufactured in the U.S., trusted by U.S. military units, and ready for the missions ahead." This announcement follows Powerus' previously announced merger agreement with Aureus Greenway Holdings, Inc. (AGH), a transaction that, upon completion, is expected to result in Powerus becoming publicly traded on Nasdaq. Recently, AGH announced the change of its Nasdaq ticker symbol to PUSA. About Powerus Powerus is powering the future of autonomous drone defense. Autonomous Power Corporation (APC), doing business as Powerus, is a U.S.-based platform company that acquires, integrates, and scales domestically manufactured autonomous systems for defense, critical infrastructure, and precision agriculture. Founded by a team with direct operational experience in active conflict environments worldwide, Powerus brings together field-validated technologies under a unified operating architecture supported by U.S.-based manufacturing and allied-nation partnerships. Powerus has announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). For more information, visit power.us . Merger Agreement Under the terms of a previously announced agreement, Powerus will merge with and into a newly formed subsidiary of AGH, with Powerus continuing as the surviving entity and AGH adopting the name "Powerus Corporation." The combined company expects to be listed on Nasdaq under the ticker symbol "PUSA." The merger transaction was unanimously approved by the boards of directors of both companies and a majority of each company's stockholders. The transaction remains subject to customary closing conditions, including the effectiveness of a registration statement on Form S-4 covering shares of common stock offered to Powerus stockholders and receipt of required regulatory approvals. The merger is expected to close in summer 2026. There can be no assurance that the proposed transactions will be consummated or as to the timing of any such consummation. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements regarding Powerus' selection to compete in the Phase II Qualifier for the Department of Defense's Drone Dominance Program, the anticipated progression through subsequent phases of that program (including the production and delivery test and Gauntlet II events), the expected timing of such phases, the capabilities and certifications of the MatrixFold platform (including its Blue UAS compatibility and NDAA compliance), the anticipated scale of the Drone Dominance Program and associated purchasing activity, and the ability of Powerus to satisfy manufacturing, delivery, and performance requirements of the program are forward-looking statements. As to the announced merger agreement with AGH, these statements include, but are not limited to, statements regarding the proposed business combination and anticipated benefits thereof, including future financial and operating results, statements related to the expected timing of the completion of the transactions, the plans, objectives, expectations and intentions of either company or of the combined company following the merger, anticipated future results of either company or of the combined company following the merger, the anticipated benefits and strategic and financial rationale of the merger and other statements that are not historical facts. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “targets,” “scheduled,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “forecasts,” “outlook,” “estimates,” “potential,” or “continue” or negatives of such terms or other comparable terminology. The forward-looking statements are based on current expectations and assumptions believed to be reasonable, but there is no assurance that they will prove to be accurate. All forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of AGH or Powerus to differ materially from any results expressed or implied by such forward-looking statements. As to Drone Dominance, these statements are subject to risks and uncertainties including, without limitation: (i) the risk that Powerus will not advance past the Phase II Qualifier or subsequent program phases; (ii) the risk that the Drone Dominance Program may be modified, reduced in scope, restructured, or cancelled, or that its funding may be reduced or reallocated, by the Department of Defense or by Congressional action; (iii) the risk that competing systems may be selected over the MatrixFold platform for Phase II advancement or final procurement; (iv) the risk that the MatrixFold platform may not satisfy performance, security, or supply chain requirements imposed by the program; (v) the risk that the platform's Blue UAS listing or NDAA-compliant status may not be maintained; (vi) the risk that Powerus' manufacturing capacity may be insufficient to meet program volume requirements; and (vii) the risk that the proposed merger with AGH may not close on the expected timeline or at all, which could materially affect Powerus' ability to finance the manufacturing and operational ramp required by the program. As to the announced merger agreement with AGH, such factors include, among others, (1) the risk of delays in consummating the potential transaction, including as a result of required shareholder and regulatory approvals, including Nasdaq listing requirements which may not be obtained on the expected timeline, or at all, (2) the risk of any event, change or other circumstance that could give rise to the termination of the merger agreement, (3) the possibility that any of the anticipated benefits and projected synergies of the potential transactions will not be realized or will not be realized within the expected time period, (4) the limited operational history of Powerus as a combined organization and integration risks of acquired businesses, (5) diversion of management’s attention or disruption to the parties’ businesses as a result of the announcement and pendency of the transaction, including potential distraction of management from current plans and operations of AGH or Powerus and the ability of AGH or Powerus to retain and hire key personnel, (6) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the transaction, (7) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (8) the outcome of any legal or regulatory proceedings that may be instituted against AGH or Powerus related to the merger agreement or the transaction, (9) the risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction, (10) legislative, regulatory, political, market, economic and other conditions, developments and uncertainties affecting AGH’s or Powerus’s businesses; (11) the evolving legal, regulatory, tax, and international trade regimes; (12) the nature, cost and outcome of potential litigation and other legal proceedings, including any such proceedings related to the transactions, (13) restrictions during the pendency of the proposed transaction that may impact AGH’s or Powerus’s ability to pursue certain business opportunities or strategic transactions; and (14) unpredictability and severity of catastrophic events, including, but not limited to, extreme weather, natural disasters, acts of terrorism or outbreak of war or hostilities, as well as AGH’s and Powerus’s response to any of the aforementioned factors. Additional factors which could affect future results of AGH and Powerus can be found in AGH’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, in each case filed with the SEC and available on the SEC’s website at http://www.sec.gov . Neither Powerus nor AGH undertakes any obligation to update forward-looking statements, except as required by law. NO OFFER OR SOLICITATION This document is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. IMPORTANT INFORMATION AND WHERE TO FIND IT In connection with the transaction, AGH will file a registration statement on Form S-4 with the SEC, which will include an information statement and preliminary prospectus of AGH. After the registration statement is declared effective, AGH will mail to its stockholders a definitive information statement. Additionally, AGH expects to file other relevant materials with the SEC in connection with the merger. Investors and security holders are urged to read the registration statement and joint information statement/prospectus when they become available (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the joint information statement/prospectus) because such documents will contain important information regarding the proposed transaction and related matters. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by AGH through the website maintained by the SEC at http://www.sec.gov or at AGH’s website at https://www.aureusgreenway.com/secfilings . WEBSITE LINKS Links to third-party websites are provided for convenience only. Powerus and AGH do not control, endorse, or accept responsibility for the content of any third-party website, including any content on the Department of Defense website linked herein. The inclusion of any link does not imply endorsement by any third party of Powerus, AGH, or the proposed merger transaction, or endorsement by Powerus or AGH of any third-party website or its content. Information contained on or accessible through any linked website does not form part of this press release. CONTACTS INVESTOR RELATIONS Jason Assad 678-570-6791 Press Contact: Maripat Finigan SVP, Strategic Comms pr@Power.us 860-508-3828
May 27, 2026
The Trump administration is pursuing funding deals with a group of drone companies as part of its effort to increase domestic production and lower the costs of the increasingly vital weapons, people familiar with the matter said. The potential deals follow months of discussions between a diverse set of private-sector drone companies and the Pentagon, the people said. The discussions have included the Office of Strategic Capital, a lending office set up by the Biden administration to fund companies deemed important to national security supply chains.
May 21, 2026
SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, signaling its intention to wrest business from investor darlings whose valuations have soared. The company, formally known as Space Exploration Technologies Corp., leaned heavily on its ambitions in the ever-expanding AI market in its initial public offering filing Wednesday. Out of a $28.5 trillion total addressable market across its businesses, SpaceX sees AI opportunities accounting for 93%, with enterprise applications accounting for the vast majority. Space, Starlink internet and mobile would contribute close to $2 trillion.