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The Latest News from the Reliable Financial World

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

August 3, 2026
Announces Top Global Engineering Firms to Lead Definitive Feasibility Study (DFS) Northern Katpar DFS commences in July 2026 with anticipated completion before the end of 2027 NEW YORK & ASTANA, Kazakhstan--( BUSINESS WIRE )--Cove Kaz Capital Group LLC (“Cove Kaz Capital Group” or the “Company”), a U.S.-based company focused on the development of critical mineral resources in Kazakhstan, today announced it has engaged recognized global engineering firms to undertake a Definitive Feasibility Study (“DFS”) on the Northern Katpar tungsten project in Kazakhstan held by Severniy Katpar LLP, in which the Company holds a 70% controlling interest. The ultimate purpose of the DFS is to support a Final Investment Decision and facilitate the standard detailed due diligence requirements of prospective financing partners, including the U.S. International Development Finance Corporation (DFC), the Export-Import Bank of the United States (EXIM), other U.S. institutional finance entities, and commercial partners. The DFS will build into Front End Engineering and Design, which will then flow into detailed engineering and design, project construction, commissioning, and commercial operations.  Building on the Company’s technical leadership in the successful development and operation of large-scale tungsten assets, an extensive evaluation of the capabilities of leading engineering firms was performed. With that assessment, the Company determined a consortium of contractors is best qualified to meet the mining and refinery project’s objectives: DRA Global , an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals and metals industry, has been appointed the lead contractor and will also be responsible for mineral processing; ERM , the world’s largest sustainability consultancy, providing comprehensive environmental, social, and risk advisory services for critical minerals projects, will lead on geology, mine planning, and technical programs, as well as environmental and social frameworks. ERM has extensive experience in major capital project environmental, social, regulatory, and financial license to operate and brings significant global and Kazakh mining experience to the project; and Knight Piésold , an international consulting firm providing specialized engineering and environmental services to the mining and energy sectors, with deep technical capability in tailings management, rock mechanics, and water management systems, supporting long-term operational safety and environmental resilience for complex large-scale tungsten mining operations, will lead on geotechnical, hydrology and tailings storage. These companies have been selected as preferred contractors subject to execution of definitive agreements and will work alongside Cove Kaz Capital Group’s highly experienced in-house team led by Chief Executive Officer Dominic Heaton. Mr. Heaton is widely recognized for having led the successful development of the Nui Phao integrated tungsten mine and refinery in Vietnam, the largest tungsten operation outside of China. The DFS will develop the overall mine plan for Northern Katpar and inform the construction and operations of its accompanying refinery to be located in Kazakhstan, designed to produce the benchmark tungsten product known as ammonium paratungstate (“APT”). “Following the start of site preparation in July, formally engaging the DFS engineering firms is an essential step towards our objective of becoming a leading, commercially successful supplier of tungsten to the United States,” said Pini Althaus, Executive Chairman, Cove Kaz Capital Group. “There is a systemic shortage of tungsten that cannot be addressed by existing mines globally, even in China. The current supply deficit is acute, but the medium to long-term market is also showing a significant shortage.” “We anticipate the DFS to be completed before the end of 2027 and it will be supported by extensive historical work by JSC Tau-Ken Samruk, the national mining company of Kazakhstan and our 30% partner in Severniy Katpar LLP,” said Mr. Heaton. “It is exciting to see the start of physical activity at the site after detailed planning since completing the acquisition of our controlling interest in Severniy Katpar in April. This was a months-long competitive evaluation process, and I would like to acknowledge the broad participation of best-in-class engineering firms seeking to support this project.” As the focus of activity at Northern Katpar transfers to the DFS, the Company is starting to ramp-up its development work on the second tungsten deposit held by Severniy Katpar LLP, known as Upper Kairakty, located approximately 25 kilometers from Northern Katpar. Severniy Katpar LLP owns one of the largest known undeveloped tungsten resources globally. Feasibility studies completed in April 2023 reported total JORC-compliant mineral resources containing 1.4 million tonnes of tungsten trioxide (WO3) and support anticipated production of approximately 5,000 metric tonnes per annum (mtpa) at Northern Katpar, and 7,000 mtpa from Upper Kairakty, for a total of 12,000 mtpa, representing approximately 15% of current global tungsten mine production. About Cove Kaz Capital Group LLC Cove Kaz Capital Group LLC is a U.S.-backed critical minerals development company focused on advancing strategic critical minerals resource projects in Kazakhstan. On April 29, 2026, Cove Kaz Capital Group acquired a 70 percent controlling interest in Severniy Katpar LLP, a joint venture with Kazakhstan’s national mining company Tau-Ken Samruk, which retains the remaining 30 percent. Through this partnership, Cove Kaz Capital Group 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 high-technology applications in the United States and global markets. On April 30, 2026, Cove Kaz Capital Group and Skyline Builders Group Holding Limited (“Skyline” or “KAZR”) (Nasdaq: KAZR) announced the companies entered into a Transaction Agreement to effect a business combination. Upon completion of the business combination, the combined company plans to operate under the name “Kaz Resources Inc.” and trade on Nasdaq under the ticker symbol “KAZR." For more information, please visit: https://www.kazresources.com CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including with respect to the proposed business combination between Cove Kaz Capital Group and Skyline (the “Proposed Transaction”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements represent Cove Kaz Capital Group’s expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations, and it is possible that the results described in this news release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Cove Kaz Capital Group’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. These factors include, without limitation, Cove Kaz Capital Group's ability to successfully develop its mining projects, including whether Cove Kaz Capital Group's exploration targets and estimates for such mines are realized, the timing of the initial production, the development of a pilot and ultimately a full scale commercial processing facility. In addition, there is a risk that the Proposed Transaction may not be completed in a timely manner or at all. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Cove Kaz Capital Group does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Cove Kaz Capital Group to predict all such factors. Important Notices and Additional Information In connection with the Proposed Transaction, Cove Kaz Capital Group intends to file a registration statement on Form S-4 containing a prospectus with the U.S. Securities and Exchange Commission (the “SEC”), and Skyline intends to file a proxy statement for the purpose of soliciting proxies or votes from Skyline shareholders. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE REGISTRATION STATEMENT/PROSPECTUS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PARTIES AND THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of the prospectus, the proxy statement and other documents filed by Cove Kaz Capital Group and Skyline (in each case when available) with the SEC at the SEC’s web site at http://www.sec.gov . Free copies of these documents and other filings with the SEC may also be obtained by contacting Cove Kaz Capital Group directly at info@kazresources.com or Skyline at Office A, 15/F, Tower A, Capital Tower, No. 38 Wai Yip Street, Kowloon Bay, Hong Kong, telephone: +852-2811-9688. No Offer or Solicitation This news release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transaction contemplated by the Transaction Agreement and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom. Contacts Media Contact: For further information, please contact: Jack Kelleher covekaz-cs@collectedstrategies.com Investor Contacts: Lynn Morgen lynn.morgen@advisiry.com Eric Prouty eric.prouty@advisiry.com
August 3, 2026
Milestone demonstrates the scalability of XTEND's localized XFAB manufacturing strategy and the power of its XOS software platform across a growing global robotics ecosystem. Reflects the continued evolution from a robotics innovator to global physical AI platform company TAMPA, Fla., Aug. 03, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced that XTEND, a leader in AI-powered autonomy and software-defined robotics, has achieved a significant milestone in the execution of its global growth strategy. For the first time, during a single week, the Company produced seven robotic platforms across its five global manufacturing facilities, all of which are powered by XTEND’s proprietary XOS operating system.
August 3, 2026
Powerus has announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to customary closing conditions, including the effectiveness of a Form S-4 registration statement and applicable regulatory approvals NEW YORK, Aug. 3, 2026 /PRNewswire/ -- Dominari Securities LLC, a wholly owned subsidiary of Dominari Holdings Inc. (Nasdaq: DOMH ), congratulates Autonomous Power Corporation, doing business as "Powerus", which announced that its wholly owned subsidiary, Tandem Defense LLC, has been awarded a multimillion-dollar contract for its aerial unmanned aircraft systems. This award also provides for ancillary support equipment, operator training, and field service representative support. This was a competitively bid award and provides a ceiling of up to $90 million and runs through mid-2028. This award is in addition to the multimillion-dollar distribution agreement announced last month. As stated by Powerus, revenue to Powerus will depend on the individual task orders over the term of the contract. The $90 million figure represents the maximum potential value of the contract and is not a guaranteed or committed amount. More information about Powerus and this contract can be found on Powerus' website, https://www.power.us . Dominari Securities has served as placement agent/underwriter across several capital raises for Autonomous Power Corporation, including its February 2025 Initial Public Offering, its July 2025 private placement of $26,000,000.00 and its March 2026 private placement of $9,000,000.00. Kyle Wool, CEO of Dominari Securities, stated, "Dominari congratulates Powerus on this achievement and its other recently announced agreements and the filing of its Form S-4 with the SEC. We are proud of this American company, that secured this competitively bid contract. We are committed to supporting American companies in critical industries and wish Powerus continued success." 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.
July 30, 2026
Aureus Greenway Holdings Inc. has filed a Form S-4 registration statement with the SEC in connection with the proposed business combination with Powerus; the registration statement has not yet become effective. In anticipation of the pending combination, Aureus Greenway Holdings Inc. changed its Nasdaq ticker symbol to PUSA; upon completion, the combined company is expected to operate as Powerus Corporation and continue to trade under PUSA. WEST PALM BEACH, Fla. and ORLANDO, Fla., July 30, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. (“AGH”) (Nasdaq: PUSA) and Autonomous Power Corporation, doing business as Powerus (“Powerus”), today jointly announced that AGH has filed a Form S-4 registration statement with the U.S. Securities and Exchange Commission in connection with the proposed business combination between AGH and Powerus. The filing of the registration statement represents a step in the process toward completing the proposed transaction. The registration statement has not yet become effective, and the securities described in it may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. The proposed transaction is expected to position the combined company as a vertically integrated leader in low-cost, domestically produced defense autonomy and counter-drone technology. “Filing the Form S-4 moves this combination from agreement to execution. Every step in this process is about giving Powerus the platform to scale what we’ve already built, and we’re treating each regulatory milestone with the discipline our shareholders and the market expect,” said Andrew Fox, CEO of Powerus. “We are pleased to have filed the registration statement in connection with our proposed combination with Powerus,” said Matthew Saker, Interim Chief Executive Officer of AGH. “We look forward to working with the Powerus team to complete this transaction and to pursue the strategic opportunities ahead.”  Following the recent definitive merger agreement, AGH changed its Nasdaq ticker to PUSA in anticipation of its pending combination with Powerus, subject to customary closing conditions. Additional information about the proposed transaction is set forth in the registration statement and related materials filed with the SEC. Investors and security holders are urged to read those materials. 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 AGH (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 AUREUS GREENWAY HOLDINGS, INC. Aureus Greenway Holdings Inc. (Nasdaq: PUSA) currently owns and operates golf course properties in Florida, including Kissimmee Bay Country Club and Remington Golf Club in the greater Orlando region. AGH has filed a registration statement on Form S-4 with the SEC, which includes an information statement and preliminary prospectus, in connection with its proposed business combination with Powerus. Learn more at aureusgreenway.com. Each of AGH and Powerus has provided the information herein relating to its own business, operations, financial condition, technology, products, certifications, contracts, and prospects. Neither party has independently verified the other party’s information, and each party disclaims any representation or warranty, express or implied, as to the accuracy, completeness, or reliability of the other party’s information. PROPOSED MERGER Powerus has previously announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA). Under the terms of the 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.” AGH has changed its Nasdaq ticker to PUSA in anticipation of its pending combination with Powerus, expected to close in summer 2026, subject to customary closing conditions, including the effectiveness of a registration statement on Form S-4 and receipt of required regulatory approvals. 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. Forward-looking statements include, without limitation, statements regarding the proposed merger between Powerus and AGH; the anticipated benefits of the merger; the registration statement on Form S-4, the declaration of effectiveness by the SEC, and the SEC’s review process; the expected timing of the completion of the merger; and the anticipated listing and trading of the combined company’s securities.. As to the proposed business combination between Powerus and 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 and its expected timing. Forward-looking statements may be identified by terminology such as “may,” “will,” “should,” “targets,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “potential,” or “continue” or negatives of such terms or other comparable terminology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. 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 the filing of the registration statement on Form S-4, such factors include, among others: (1) that the Form S-4 may not be declared effective by the SEC on the anticipated timeline, or at all, and may be subject to SEC review, comment, and amendment; and (2) the risk that the conditions to closing of the merger are not satisfied or waived, that the merger is not completed on the anticipated timeline or at all, and that the anticipated benefits of the merger are not realized. As to the announced merger agreement, 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. As to Powerus’s business-development activity, additional factors include, among others: (15) uncertainty regarding the value, existence, and performance of any government purchase orders or contracts, including risks of contract termination for convenience, funding contingencies, and task-order variability; (16) uncertainty regarding the terms, performance, and ultimate benefit of any investment by or hardware procurement from third parties; (17) uncertainty regarding whether any memorandum of understanding will result in a definitive agreement or produce any commercial benefit; and (18) other Powerus-specific operational uncertainties, including risks related to production scale-up, subsidiary integration, and reliance on third-party suppliers and government customers. In connection with the proposed merger, AGH has filed relevant materials with the SEC, including a registration statement on Form S-4, which includes an information statement and preliminary prospectus, and may file additional materials in the future. 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 has filed a registration statement on Form S-4 with the SEC, which includes 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, which includes an information statement and preliminary prospectus, when it becomes effective (and any other documents filed with the SEC in connection with the transaction or incorporated by reference into the registration statement) because such documents 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. CONTACTS AGH INVESTOR RELATIONS Jason Assad 678-570-6791 Powerus Press Contact: Escalate PR pr@power.us
July 27, 2026
Following its strategic acquisition earlier this year, Atlas is now fully integrated into XTEND, expanding the company's XOS-powered robotics ecosystem with four new ISR platforms, more than 4,200 deployed systems, and establishing Latvia as its European manufacturing and engineering hub. TAMPA, Florida and RIGA, Latvia, July 27, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced today that XTEND, a leader in software systems and artificial intelligence-powered robotics, today announced it has completed the integration of Atlas into the XTEND organization.  The milestone follows XTEND's strategic acquisition of the Latvia-based robotics company earlier this year and completes the operational integration of its engineering, manufacturing, commercial, and product organizations into XTEND's global structure. Beyond expanding XTEND's manufacturing footprint, the integration significantly strengthens the company's XOS ecosystem by adding four operational ISR platforms powered by XOS into XTEND's growing Marketplace ecosystem, thousands of deployed robotic systems, advanced tactical communications technologies, and new intelligent hardware components that will become part of XTEND's growing Marketplace strategy.
July 23, 2026
Aerospread Technologies is now the exclusive distributor for the xFold platform in New Zealand, Australia, and the South Pacific, with sales targets of approximately $60 million or more over five years; Sprig Aerospace is now an authorized U.S. distributor and marketing partner and will fly Powerus xFoldTM aircraft exclusively for its commercial spraying operations. The xFoldTM Dragon H1000 has received a Special Airworthiness Certificate in the Experimental category from the FAA. Powerus has announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: PUSA); the merger has not closed and remains subject to customary closing conditions, including the effectiveness of a Form S-4 registration statement and applicable regulatory approvals WEST PALM BEACH, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation dba Powerus, a U.S.-based autonomous systems company building next-generation drone infrastructure for defense and critical infrastructure, today announced, through its wholly owned subsidiary Kaizen Aerospace, Inc., a dedicated agriculture division and two distribution agreements that place its xFoldTM Dragon heavy-lift aircraft with established agricultural operators in Australia and New Zealand. Kaizen has signed an exclusive agency and distribution agreement with Aerospread Technologies Limited of Napier, New Zealand, a manufacturer of agricultural aerial application equipment with decades of experience building operator relationships across the South Pacific region. Aerospread becomes the exclusive agent for xFoldTM sales and distribution across the Australia and New Zealand markets. Based on Aerospread's projected volumes, sales targets under the agreement represent approximately $60 million in potential product revenue over the first five years, with targets scaling over the agreement's initial years. Sales targets are performance objectives under the agreement rather than binding purchase commitments, and actual orders may differ materially. In the United States, Kaizen has named Sprig Aerospace, LLC of Benton, Kentucky, an authorized distributor and marketing partner for its xFoldTM series. Sprig runs agricultural drone operations nationwide, from providing aerial spraying services to selling its own spray payload systems and operator network. Going forward, Sprig will standardize its commercial spraying and aerial application fleet on Powerus aircraft, with its spray systems fitted to xFoldTM airframes. The commercial push comes as the xFoldTM Dragon H1000 clears a major regulatory step. The Federal Aviation Administration issued Sprig Aerospace a Special Airworthiness Certificate-Experimental Category and accompanying Certificate of Waiver of Authorization for the xFoldTM Dragon H1000 for the purpose of research and development for the aerial application configuration. Powerus and Sprig will continue flying under the certificate as the platform advances toward commercial deployment. "Agriculture has been part of the Powerus vision since day one, and this is the year it becomes a business," said Ziv Marom, Chief Vision Officer, Powerus Labs. "Growers don't need another toy that carries a few liters. They need an aircraft that carries real weight, flies itself, and shows up when the window is open. That's what we built. With Aerospread across New Zealand and Australia, and Sprig across the rest of the world, we now have the people on the ground to put these aircraft in the hands of the operators who need them." The new Agriculture division is built around the Kaizen xFoldTM Dragon line, autonomous heavy-lift aircraft engineered to carry commercial-scale payloads over extended ranges, enabling a single operator to treat far more acreage in a day than conventional equipment allows. Powerus is entering a market that Grand View Research valued at approximately $3.37 billion in 2025, and projects will reach $21.59 billion by 2033, at a compound annual growth rate of 26.5%, with rotary-wing aircraft holding the largest share and North America the largest regional market. About Powerus Autonomous Power Corporation, doing business as “Powerus,” builds and scales unified autonomous systems architecture designed to move, protect, and sustain critical assets in high-risk environments. The company develops next-generation autonomous infrastructure and technologies across defense, critical infrastructure, and precision agriculture. Production is scaled through U.S.-based manufacturing and selected strategic partners to support mission requirements. Kaizen Aerospace, Inc. is a Powerus company. For more information, visit www.power.us. About Kaizen Aerospace Kaizen Aerospace, Inc., a wholly owned subsidiary of Autonomous Power Corporation, designs and manufactures the xFoldTM family of modular VTOL platforms powered by xNav autonomous flight systems, including the xFoldTM Dragon heavy-lift line built for precision agriculture, wildfire response, logistics, and industrial operations. Kaizen aircraft are manufactured in the United States. About Aerospread Aerospread Technologies Ltd was founded in 2017 by Bruce Peterson, a veteran agricultural pilot with a deep understanding of the industry's challenges and opportunities. What began as a quest to improve the precision and efficiency of aerial application has grown into one of New Zealand's most innovative agricultural aviation companies. Today, Aerospread Technologies operates under two distinct brands: Aerotech UAV handles all operational agricultural aviation services — spreading, spraying, pest control, and more — while Aerospread Technologies Ltd drives the innovation, manufacturing, and technology development that make it all possible. From its purpose-built facility in Hawke's Bay, Aerospread Technologies has achieved a world-first milestone: the xFold H500 (200kg payload) is now the first aircraft of its class to receive full CAA Part 102 certification for unrestricted agricultural operations in New Zealand. This certification—the result of years of integrated experience and meticulous technical development—places a proven, fully autonomous heavy-lift platform for agricultural operators. About Sprig Sprig Aerospace is a veteran-owned and operated company developing next-generation aerial-application payloads for use aboard the H1000 and advanced analytics tools for agriculture. Based in America's Heartland of West Kentucky, Sprig Aerospace's motto is "Get. Work. Done." Emphasizing the provision of real solutions for the American farmer using aviation-grade technology. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, regarding the selection for Phase 3 of the xTech Adaptive Strike competition, these statements include, but are not limited to: advancement to Phase 3 and performance therein; the timing, structure, and potential outcomes of Phase 3, including possible prize awards and any potential follow-on contract discussions. As to the proposed business combination between Powerus and Aureus Greenway Holdings Inc., 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,” “plans,” “intends,” “goal,” “anticipates,” “expects,” “believes,” “potential,” or “continue” or negatives of such terms or other comparable terminology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. 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 the launch of the agriculture division and the distribution agreements with Aerospread Technologies Limited and Sprig Aerospace, LLC, such factors include, among others: (1) that the sales targets under the agreements are performance objectives rather than binding purchase commitments, and actual orders may differ materially or not materialize; (2) that the distribution agreements may be modified, delayed or terminated, and the anticipated benefits of the agreements may not be realized; and (3) that third-party market size and growth projections are estimates that may prove inaccurate and do not guarantee the Company’s ability to capture any portion of the market. 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. 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 via 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 a definitive information statement to its stockholders. Additionally, AGH expects to file other relevant materials with the SEC related to 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 Contact: INVESTOR RELATIONS Jason Assad 678-570-6791  Press Contact Maripat Finigan SVP, Strategic Comms pr@Powerus +1 860-508-3828
July 14, 2026
IBM's Q2 earnings warning on AI spending sends its stock plunging 17%, impacting futures. Experts Kyle Wool and Michael Lee analyze market volatility, AI infrastructure, and oil price surges from U.S.-Iran tensions. IBM's unexpected Q2 earnings warning triggers a sharp decline in its stock price, dragging down Dow futures. Kyle Wool and Michael Lee explain how reduced discretionary IT spending due to rising AI infrastructure costs is impacting large enterprises. They also discuss market volatility and oil price surges amid U.S.-Iran escalations.
July 6, 2026
A 'Mornings with Maria' panel of Kyle Wool and Mark Tepper discuss the first half of the year in the markets, their outlook for the remainder, Kevin Hassett's prediction for economic growth and more. Dominari Securities CEO Kyle Wool and Strategic Wealth Partners CEO Mark Tepper, analyzes the market's performance and future. They discuss semiconductor stocks, potential AI IPOs like OpenAI, and White House economist Kevin Hassett’s 4% growth forecast. The segment also covers former Federal Reserve Chair Kevin Warsh's comments on easing inflation risks and the Federal Reserve's independent stance on monetary policy.
July 2, 2026
XTEND, advances among 19 companies selected for Gauntlet II, following successful qualification. According to the DoW, the program plans to procure 60,000 drone systems from top-performing participants. TAMPA, Fla., July 02, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced today that XTEND, a leader in software systems and artificial intelligence-powered robotics, has advanced to the Gauntlet II phase of the U.S. Department of War's Drone Dominance Program (DDP), following successful completion of the program's competitive qualification phase. As previously announced, XTEND was selected to participate in the Phase II Qualifier of the Drone Dominance Program. Following two weeks of operational evaluations held at Camp Grayling, Michigan, XTEND has now been selected among 19 companies advancing to Gauntlet II, the program's next competitive stage, scheduled to take place in August at Fort Carson, Colorado.
June 26, 2026
Dominari Securities CEO Kyle Wool and Strategic Wealth Partners CEO Mark Tepper analyze the market, including Micron's blowout earnings driving the Nasdaq rally and A.I. infrastructure, on ‘Mornings with Maria.’
June 25, 2026
Follow-On Order Builds on Separate $9 Million Defense Order Announced June 23, 2026, Demonstrates Breadth of XTEND’s Defense Relationships Additional Procurement Reinforces XTEND’s Ecosystem-Driven Growth Strategy TAMPA, Fla. and Palm Beach, Fla, June 25, 2026 (GLOBE NEWSWIRE ) -- JFB Construction Holdings (Nasdaq: JFB) announced that XTEND AI Robotics (the “Company”), a leader in AI-powered autonomous robotics and operating systems, has secured a $3 million follow-on order from an existing defense customer for advanced operational capabilities supporting one of the Company’s largest autonomous system deployments to date. The order is separate from, and came one day after, the Company’s $9 million defense order announced on June 23, 2026. Together they bring XTEND’s announced defense procurement to more than $12 million across two distinct customer programs within 24 hours, reflecting the growing breadth and depth of the Company’s defense relationships.
June 23, 2026
Award supports deployment of advanced mission capabilities, multi-system orchestration, and next-generation human-guided autonomy New U.S. and Israeli patents lock in IP protecting unmanned vehicle navigation and UAV control under communication latency CEO Aviv Shapira provides update on company momentum as XTEND approaches NYSE listing TAMPA, Fla. and PALM BEACH, Fla., June 23, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announced that XTEND (the “Company”), a leader in AI-powered autonomous robotics and operating systems, has secured approximately $9.0 million in defense orders to expand autonomous multi-drone operations and advanced mission capabilities for a Middle East defense customer. XTEND also received two new patent grants covering core UAV navigation and control technology, the latest milestones since announcing its merger with JFB Construction Holdings in February 2026. The awards fund mission-enabling technologies and operational enhancements that improve the effectiveness, resilience, and scalability of autonomous drone operations, allowing operators to supervise, coordinate, and execute more complex missions across larger robotic fleets. At the core of the deployment is XTEND’s XOS operating system, which handles mission management, autonomous task execution, and multi-system orchestration across robotic fleets while keeping operators in control of critical decisions.
June 23, 2026
Governments worldwide are rapidly increasing investments in AI-driven drone platforms to strengthen intelligence, security, and battlefield operations NEW YORK, June 23, 2026 /PRNewswire/ -- Market News Updates News Commentary - Autonomous drones are becoming increasingly essential in modern military and defense strategies, offering improved efficiency and effectiveness in various missions. Equipped with advanced sensors, machine learning capabilities, and autonomous navigation systems, these drones can perform tasks like surveillance, reconnaissance, target monitoring, and logistical support with minimal human intervention. Their ability to operate in dangerous environments while ensuring the safety of personnel highlights their value as a crucial asset for defense organizations worldwide. Military leaders recognize autonomous drones as a valuable tool for enhancing situational awareness and mission effectiveness in response to growing global security challenges. Companies leading the Autonomous Technology and Drone Operations boom include: VisionWave Holdings Inc. (NASDAQ: VWAV ), Unusual Machines, Inc. (NYSE American: UMAC), Aureus Greenway Holdings Inc. (NASDAQ: PUSA ), Ondas Inc. (NASDAQ: ONDS ), Red Cat Holdings, Inc. (NASDAQ: RCAT ). The future outlook for the autonomous military drone market is promising, with industry forecasts suggesting significant growth. It is projected that the global military drone sector could surpass $25 billion by 2026, while the broader defense drone industry is expected to exceed $55 billion by 2032. Governments are increasingly prioritizing advanced unmanned technologies, leading to a substantial portion of defense spending being directed towards autonomous and AI-driven systems. Countries around the world, including North America, Europe, Asia-Pacific, and the Middle East, are investing heavily in autonomous aerial platforms to enhance intelligence gathering, border security, electronic warfare capabilities, and tactical operations. Autonomous drones are now being utilized for a wide range of tasks beyond traditional surveillance roles, such as battlefield resupply, electronic intelligence gathering, force protection, countering drone threats, and coordinated group operations. Advancements in artificial intelligence, computer vision, edge computing, and autonomous cooperation enable seamless coordination among multiple drones, allowing them to work together with unprecedented speed and precision. With defense budgets increasingly focusing on unmanned and autonomous technologies, experts predict that autonomous drones will play a crucial role in future military operations, offering significant long-term opportunities for drone manufacturers, AI developers, sensor technology companies, and defense service providers. VisionWave (NASDAQ: VWAV ) Unveils Combat-Ready TALON™ and D-FLY™ Autonomous Drone Platforms at Eurosatory 2026, Expanding STRATUM™ Battlefield Autonomy Ecosystem - UK-Manufactured Systems Demonstrate VisionWave's Growing Portfolio of Integrated Air and Ground Autonomous Defense Technologies - VisionWave Holdings Inc. ( $VWAV ) ("VisionWave" or the "Company") a defense technology company focused on autonomous systems, advanced sensing, artificial intelligence, and battlefield autonomy, today announced the unveiling of its TALON™ Tactical Autonomous Aerial System and D-FLY™ Autonomous Intercept Platform at Eurosatory 2026, one of the world's largest and most influential defense and security exhibitions. The unveiling marks an important step in VisionWave's ongoing development of integrated, operational autonomous defense solutions. The systems were physically showcased alongside other VisionWave technologies, demonstrating the Company's growing ability to field interoperable autonomous platforms designed for modern military, homeland security, border security, and critical infrastructure protection missions. Developed through VisionWave UK Ltd. and manufactured in England in cooperation with specialized aerospace and defense partners, TALON™ and D-FLY™ represent the latest additions to VisionWave's expanding STRATUM™ autonomous operations architecture. "Eurosatory 2026 represented an important mile stone for VisionWave," said Douglas Davis, Executive Chairman of VisionWave Holdings. "For the first time, we publicly demonstrated multiple autonomous platforms operating within a common ecosystem. TALON™, D-FLY™, VARAN™ and CAEAN™ collectively showcase VisionWave's ability to integrate artificial intelligence, sensing, autonomy, communications, mission intelligence and operational execution into deployable defense solutions. These represent advanced systems designed for demanding operational environments." TALON™ - Tactical Autonomous Aerial System - TALON™ is a high-performance tactical autonomous aerial platform intended to support intelligence, surveillance, reconnaissance (ISR), communications relay, distributed sensing, payload delivery and persistent battlefield overwatch missions. The platform incorporates: Autonomous mission execution GNSS-degraded operational capability Distributed aerial sensing integration Low-signature thermal profile Tactical payload delivery capability Communications relay and mesh networking Persistent ISR and reconnaissance operations Border security and force protection applications Full STRATUM™ interoperability Designed for contested and degraded environments, TALON™ is intended to enables operators to extend situational awareness and operational reach while reducing risk to personnel. D-FLY™ - Autonomous Counter-UAS Intercept Platform - D-FLY™ is a rapid-response autonomous aerial interceptor designed specifically to address the growing global threat posed by hostile drones and low-altitude unmanned aerial systems. Key capabilities include: Autonomous intercept capability Rapid aerial threat response Distributed counter-UAS operations Integrated aerial sensing Tactical rapid deployment STRATUM™ ecosystem interoperability Distributed mission coordination Compact operational footprint Designed for tactical airspace protection, D-FLY™ is intended to provide security forces and military operators with a highly mobile autonomous solution for detecting, tracking and responding to emerging aerial threats. Demonstrating the STRATUM™ Ecosystem - At Eurosatory 2026, VisionWave demonstrated how its growing portfolio of autonomous technologies can operate together as part of a unified battlefield architecture. Continued… Read this full release and additional news for VWAV by visiting: https://www.vwav.inc/newsroom/ Why Investors Are Watching the Drone / Autonomous Military Operations Industries: Rising global defense spending focused on unmanned and AI-enabled systems. Increased demand for intelligence, surveillance, and reconnaissance (ISR) capabilities. Growing use of autonomous drones for battlefield logistics and force protection. Expansion of drone swarm technologies for coordinated military operations. Enhanced border security and homeland defense applications. Advancements in AI, machine learning, computer vision, and autonomous navigation. Reduced operational costs compared to traditional manned aircraft missions. Accelerating military modernization programs across major global defense powers. Increasing investment in counter-UAS and autonomous defense ecosystems. Potential for the military drone market to exceed $55 billion globally by the early 2030s. Other recent developments in the autonomous, defense/military/drone industries of note include: Autonomous Power Corporation, doing business as "Powerus," recently announced a $30 million strategic investment from Unusual Machines, Inc. (NYSE American: UMAC) , a domestic manufacturer of NDAA-compliant drone components. Powerus previously announced a proposed merger with Aureus Greenway Holdings Inc. (NASDAQ: PUSA ). 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." Ondas Inc. (NASDAQ: ONDS ), a leading provider of autonomous drone and advanced defense technologies, announced that it has secured more than $40 million in aggregate new orders during June for autonomous defense systems, including Counter-UAS ("C-UAS") solutions, Loitering Munition Systems ("LMS"), ground systems and related defense services from governmental and defense customers across multiple international markets. Together with previously announced awards, these new orders bring Ondas' second-quarter-to-date order activity to more than $150 million. The new awards reflect continued demand for Ondas' autonomous defense technologies as governments and defense forces respond to rapidly evolving threats from unmanned aerial systems, and a growing demand for long-range precision strike platforms. Ondas believes the growth of the LMS market represents a natural extension of the same operational forces driving demand for C-UAS technologies. 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 introduced Hellcat™, a dual-use small unmanned aircraft system (sUAS) built on the proven Black Widow™ platform and designed for rapidly evolving operational environments. Red Cat is unveiling Hellcat in conjunction with Eurosatory 2026, where defense leaders, government buyers, and industry partners from across Europe and allied nations are convening to evaluate current and future capabilities with a focus on small UAS, contested-environment operations, and interoperable systems. Built on the proven Black Widow platform, Hellcat incorporates extensive feedback gathered directly from warfighters in the field and lessons learned through an ongoing partnership with Ukraine. DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This press release was distributed on behalf of VisionWave Holdings, Inc. For current services performed MNU was compensated forty nine hundred dollars for news coverage of the current press releases issued by VisionWave Holdings, Inc. by the Company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements. 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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