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

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.
May 20, 2026
AI robotics company validated by the U.S. DoW and trialed with British Forces establishes sovereign manufacturing hub to support NATO-aligned autonomous defense capabilities Tampa, FL, May 20, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) today announced that XTEND , a leader in software systems and artificial intelligence-powered robotics, has launched its sovereign UK AI robotics XFAB in Swindon, England. The expansion follows an initial £1.93 million order supporting UK defense activities, with additional follow-on opportunities currently under discussion. The facility, built on XTEND's proven, U.S. Department of War-validated localized XFAB model, is designed to deliver sovereign, rapidly deployable autonomous defense capabilities in support of UK national defense priorities and the broader transition of NATO-aligned forces toward autonomous, AI-driven warfare capabilities. The expansion comes at a pivotal moment for UK defense, as the Ministry of Defence undergoes a transformation in how it fields war-fighting capabilities, with stated goals to double lethality by 2027 and triple it by 2030. These objectives require faster deployment cycles, reduced operator training burden, and AI-enabled operational systems capable of performing in contested and GNSS-denied environments, which XTEND believes it is positioned to facilitate. XTEND’s capabilities have already been demonstrated through its deployment by the U.S. Department of War, including through its precision strike indoor and outdoor (PSIO) program, an AI-powered indoor and outdoor precision strike system that has passed live-fire testing and achieved NDAA compliance. The expansion also reflects a broader shift across NATO forces toward software-defined, autonomous systems capable of operating in contested environments. The UK XFAB is positioned to serve as a gateway for supporting NATO and allied forces across Europe. XTEND plans to invest up to £20 million over time to expand its UK XFAB and sovereign operational capabilities.
May 15, 2026
It’s hard to describe this past week’s initial public offering of Cerebras Systems as anything but a resounding success, a reflection of the company’s artificial-intelligence chip technology, and the fortuitous timing smack in the middle of a fierce semiconductor rally. On May 4, Cerebras announced an expected price range with a midpoint of $120. A week later it upped the midpoint to $155. Two days after that, Cerebras priced its IPO at $185 a share.
May 15, 2026
Shares Skyrocket in Debut as AI Mania Grips Wall Street According to Reuters NEW YORK, May 15, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH ) ("Dominari" or the "Company") congratulates Cerebras Systems (Nasdaq: CBRS ), on its Initital Public Offering, which has been called a "Blockbuster Debut" as the next hot AI stock, by Investor's Business Daily. On May 14, 2026, Cerebras stock opened at $185.00 and closed $126 higher at $311.07 per share, an approximate 68% increase on its first day of trading. Dominari Securities' SPV 1 & 2 invested early in Cerebras, at $39.00 per share, directly on the cap table. With approximately $10,000,000.00 invested for our clients, the May 14th closing price represents an approximate 9X return for our clients and an approximate $20,000,000.00 carry for the firm. Cerebras has established itself as a leading force in AI infrastructure. We extend our sincere congratulations to Andrew Feldman and the entire Cerebras team on this landmark achievement. It is a reflection of years of exceptional work, and we wish them continued success in the public markets. 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.
Aureus Greenway logo with colorful leaf icon on a light geometric background
May 15, 2026
Ticker change effective May 15, 2026, reflects the company's pending combination with Autonomous Power Corporation, an autonomous drone and defense technology company KISSIMMEE, Fla., May 14, 2026 (GLOBE NEWSWIRE) -- Aureus Greenway Holdings Inc. ( Nasdaq: AGH ) today announced it will change its Nasdaq ticker symbol from AGH to PUSA, effective May 15, 2026, in anticipation of its pending combination with Autonomous Power Corporation, doing business as ‘Powerus’, an autonomous drone and defense technology company. The combination is expected to close in summer 2026, subject to regulatory approvals and customary closing conditions. The ticker change reflects the company's focus on the Powerus platform and brand. Upon completion of the merger, the combined company will operate as Powerus Corporation and continue to trade on Nasdaq under the ticker symbol ‘PUSA’. Shareholders currently holding shares of AGH will hold shares of Powerus Corporation 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 Powerus," said Matthew Saker, Interim Chief Executive Officer of Aureus Greenway Holdings Inc. "This ticker change reflects the exciting future ahead for our shareholders as we join forces with a company at the forefront of autonomous defense technology." ABOUT THE TICKER CHANGE The ticker symbol change from AGH to PUSA will be effective on Nasdaq on May 15, 2026. No action is required by current AGH shareholders in connection with this change. The ticker change does not affect the terms or timing of the pending merger between AGH and Powerus. The merger remains subject to customary closing conditions including S-4 effectiveness and required regulatory approvals and is expected to close in summer 2026. There can be no assurance that the proposed transaction will be consummated or as to the timing of any such consummation. ABOUT AUREUS GREENWAY HOLDINGS INC. Aureus Greenway Holdings Inc. (Nasdaq: AGH) owns and operates golf course properties in Florida, including Kissimmee Bay Country Club and Remington Golf Club in the greater Orlando region. AGH has entered into a definitive merger agreement with Autonomous Power Corporation, doing business as ‘Powerus’. Upon closing, the combined company is expected to operate as Powerus Corporation and continue to trade on Nasdaq under the ticker symbol ‘PUSA’. For more information, visit aureusgreenway.com. ABOUT POWERUS Powerus is an autonomous drone and defense technology company developing next-generation aerial systems, counter-drone solutions, and critical infrastructure protection platforms for government and commercial customers. The company is building capability to serve a defense and homeland security market increasingly defined by unmanned systems and the requirement to defend against them. Powerus operates through wholly owned subsidiaries Kaizen Aerospace, Tandem Defense, and Agile Autonomy. For more information, visit power.us. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. 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. CONTACTS Investor Relations IR@aureusgreenway.com Press Contact Maripat Finigan SVP, Strategic Communications pr@power.us 860-508-3828
May 14, 2026
Revenue increased to $2.2 million, compared with $160,000 in the prior year period, driven by scaled deployment of Scrypt-based digital asset mining infrastructure SALT LAKE CITY, May 14, 2026 (GLOBE NEWSWIRE) -- Datacentrex, Inc. (“Datacentrex” or the “Company”) (Nasdaq: DTCX), a diversified technology-driven enterprise operating a digital asset mining business, today reported financial results for the first quarter ended March 31, 2026. “Datacentrex’s Q1 2026 results reflect strong year-over-year growth, with mining operations generating $2.2 million of revenue compared to $160,000 from inception in Q1 2025,” said Parker Scott, Chief Executive Officer of Datacentrex. “Importantly, we generated $513,000 in gross profit, representing a 23.5% gross margin, despite a difficult mining environment in Q1 2026. While our reported net loss reflects several significant non-cash items, including depreciation, stock-based compensation, and mark-to-market losses on digital asset holdings, these items do not reflect the underlying cash performance of the business. Excluding the impact of digital asset valuation movements, we believe our operating results demonstrate meaningful progress toward greater efficiency as we continue to scale our mining infrastructure. “We entered 2026 with a well-capitalized balance sheet, no debt, and a fleet of 3,094 Scrypt ASIC miners that has continued to contribute gross profit on our operating business. We believe the combination of our operating infrastructure, treasury position, and continued focus on cost discipline provides flexibility for Datacentrex to invest and pursue growth opportunities, and we remain focused on expanding our compute capacity and evaluating strategic investments across the digital infrastructure landscape to drive long-term value for our stockholders,” added Scott. First Quarter 2026 Financial Highlights (unaudited) Revenue increased to $2.2 million, compared with $160,000 in the first quarter of 2025, reflecting the Company’s expanded deployment of Scrypt ASIC miners and transition into a scaled digital asset mining platform. Gross profit increased to $513,000, at a 23.5% gross margin, compared with $84,000, at 52.5% gross margin in the prior-year period. The unit economics and gross margins of the Company’s mining operations continued to demonstrate positive mining performance in Q1 2026 despite digital asset price volatility. Total operating expenses were $5.5 million, compared with $391,000 in the prior-year period, primarily reflecting a $3.3 million non-cash depreciation and amortization expense related to the Company’s mining equipment base, $1.2 million of stock-based compensation, and higher general and administrative expenses associated with operating as a scaled public digital infrastructure company. Reported a GAAP net loss of $6.2 million, which included $3.3 million of depreciation and amortization expense, $1.2 million of stock-based compensation, and $1.2 million of net realized and unrealized losses on digital assets driven by Scrypt and Bitcoin asset price movements during the quarter. Reported an Adjusted EBITDA loss of approximately $1.7 million, reflecting $3.3 million of depreciation and amortization and $1.2 million of stock-based compensation added back to a GAAP net loss of $6.2 million. Adjusted EBITDA for the quarter includes $1.2 million of non-cash mark-to-market losses on digital assets; absent this non-cash valuation movement, the operational loss would have been approximately $0.5 million. See reconciliation table below. Ended the quarter with $42.5 million in cash and cash equivalents, $5.3 million in digital assets, and $11.2 million in receivables from the Company’s public market offering which closed on March 31, 2026, representing aggregate liquidity of more than $59 million. First Quarter 2026 Operating Highlights Mined Scrypt-based blockchain networks, including Litecoin and Dogecoin, through a merged-mining architecture, generating revenue across multiple networks without incremental energy consumption - while accumulating Bitcoin as the Company’s long-term treasury reserve. As of March 31, 2026: Operated 3,094 Scrypt ASIC miners across four geographically diversified U.S.-based colocation facilities. Operated approximately 43.3 TH/s of aggregate deployed hashrate and approximately 12.5 MW of deployed power capacity. About Datacentrex, Inc. Datacentrex, Inc. is a diversified technology-driven enterprise operating a digital asset mining business and transitioning to potential high-growth sectors including digital-asset infrastructure, data-center operations and quantum-computing-adjacent technologies. Datacentrex, Inc. intends to pursue selective investments, partnerships, and acquisitions to drive innovation and value creation. For additional information, please refer to the Company’s filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov . Visit Datacentrex’s investor relations website . Non-GAAP Financial Measures This press release includes Adjusted EBITDA, which is a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss), adjusted for depreciation and amortization, stock-based compensation, interest expense, net, and certain other items. Adjusted EBITDA is not a measure calculated in accordance with U.S. GAAP and should not be considered in isolation or as a substitute for net income (loss) or any other measure prepared in accordance with U.S. GAAP. A reconciliation of Adjusted EBITDA to net loss, the most directly comparable U.S. GAAP measure, is provided in the financial tables included in this press release. Reconciliation of Net Loss to Adjusted EBITDA (Unaudited) (in thousands)
May 13, 2026
Company Reports Revenue of $35.8 million up 395% from prior year Total Capital invested across all SPV Series: approximately $292 million Record Date of May 15th for $9 Million Dividend Payment NEW YORK, May 13, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH ) ("Dominari" or the "Company") today issued the following letter to shareholders:  Dear Shareholder, As we approach mid-year, I want to take this opportunity to thank you for being a Dominari shareholder and provide you with some updates. 10Q Summary The year is off to a strong start. As noted in our 10Q just filed with the SEC, first quarter revenue is up significantly, and we have increased our annual recurring revenue. Highlights from the 10Q include: Revenue of $35.8 million, up 395% from the prior year's first quarter's revenue of $7.2 million. Underwriting revenues totaled $32.9 million in Q1 2026 as compared to $5.6 million for Q1 2025, representing a 488% increase. Carried interest totaled $1.1 million as compared to no such revenue in Q1 2025. The Company's annual recurring revenue (ARR) increased to $1.1 million from $0.4 million at the end of Q1 2025, reflecting an increase of 189%. I encourage all shareholders to review the 10Q, which has been filed with the SEC. Company Legacy Holdings In addition, I'd like to discuss the Company's portfolio of legacy holdings. Dominari's wholly owned subsidiary, Dominari Labs, holds a portfolio of investments consisting of a mix of private company equity investments, public market holdings, preferred securities, convertible instruments, and warrant-enhanced positions. Some of our positions have seen significant unrealized appreciation, led by xAI, Groq, Cerebras, Skyline Builders Group, Datacentrex, and JFB Construction Holdings. As of mid-April 2026, the market value of our holdings in Dominari Labs exceeded $5,000,000.00. It is our intent to liquidate these positions when appropriate to augment shareholder value. Special Purpose Vehicles Another area of shareholder value is in our Special Purpose Vehicles ("SPVs"). There are speculative stories in the press about these SPVs, how they work and how Dominari runs our process. Much of what is in the media is incorrect. So, to clarify any potential confusion, I'd like to explain how our process works generally, keeping in mind that every situation is different. Generally, Dominari has two types of SPVs, "Unicorn SPVs" and "Venture SPVs." Unicorn SPVs, as the name suggests, focus on raising money to purchase shares in private companies with a valuation of one billion dollars or more, that are expected to go public. Examples of our Unicorn SPVs include the names such as, SpaceX, xAI, Groq, Cerebras. The second type of SPVs are referred to as Venture SPVs. To start, Dominari establishes a new Venture SPV for every new project. We then raise money for each new SPV, often without a specific target or use of proceeds in mind. Next, we work to identify public vehicles with operating businesses that might benefit from augmented business lines. Once a public vehicle has been identified, we conduct due diligence and collaborate with the public entity to align management with concept of augmenting its existing business. Once those issues, if any, are resolved, we then may take a position in the public entity for our clients and occasionally Dominari, through our SPVs. All of this work is done by Dominari, not our investors or advisors. Our investment thesis is simple: We identify and invest in U.S.-based leaders in new technologies that create American jobs and reduce U.S. dependence on foreign resources. The Skyline Builders/Kaz Resources transaction is an example. An American Venture SPV was formed, money was raised, and the work with Skyline Builders was performed before Kaz Resources was even approached. We then found an opportunity in Kaz Resources to lessen U.S. dependance on foreign governments for the incredibly important rare mineral of tungsten. Tungsten is crucial for the aerospace industry, military applications, electrical contacts, and heating elements. According to the U.S. Geological Survey, tungsten is not actively mined in the U.S. and approximately 80% of the world supply of tungsten is mined in China. So, in keeping with our thesis of creating American jobs and lessening our dependance on foreign governments, the combination of these two entities, created a more meaningful U.S. company that can help support America. With that background, a summary of the combined SPV data of all funds as of mid-April shows: Total capital invested across all series: approximately $ 292 million . Total estimated value of all series: approximately $ 1.27 billion . Estimated carry to Dominari: approximately $ 110 million .
May 13, 2026
Underwriting revenues increased over five-fold NEW YORK, May 13, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH ) ("Dominari" or the "Company"), today announced highlights of its financial results for the quarter ended March 31, 2026, which were filed with the Securities and Exchange Commission ("SEC") in the Company's quarterly SEC Form 10Q. The Company stated that: "In the first quarter of 2026, we experienced continued revenue growth mainly from underwriting services, increased our annual recurring revenue from our management fees that we earn on deals that we bring to market from essentially nil 18 months ago to over $1 million, and currently retain carried interest positions in some exciting emerging companies that we believe will yield positive returns over the course of the next 24 months." While the net income reflects one-time, non-recurring expenses for Q1 2026, we believe that the margins we expect from our core business for the balance of the year, will result in improved operating income and bottom-line performance." The Company concluded, "the leadership team on our broker dealer subsidiary, led by Kyle Wool, continues to deliver world class investment banking services to our ever-growing list of clients, and we believe that will yield continued improved performance for the future." First Quarter 2026 Highlights Revenue of $35.8 million, up 395% from the prior year's first quarter's revenue of $7.2 million. Underwriting revenues totaled $32.9 million in Q1 2026 as compared to $5.6 million for Q1 2025, representing a 488% increase. Carried interest totaled $1.1 million as compared to no such revenue in Q1 2025. The Company's annual recurring revenue (ARR) increased to $1.1 million from $0.4 million at the end of Q1 2025, reflecting an increase of 189%. Loss from operations of $37.6 million, an increase of $4.7 million compared to a loss of $32.9 million in the comparable period in 2025, reflecting increased one-time variable expenses in the quarter. Other expense of $6.8 million as compared to other income of $0.4 million in Q1 2025. This book loss was primarily driven by the sale of the Company's strategic investment in American Bitcoin Corp. shares in January 2026 for $32.4 million in cash that were valued on the books at $39.4 million based upon the trading value of such shares at year end 2025. Note that the Company's investment totaled just $100. Net loss to common stockholders of $57.4 million, an increase of $24.9 million compared to a net loss of $32.5 million in 2024. This increased net loss to common stockholders reflects the above noted one-time expenses in the quarter along with $12.9 million of tax expense recognized in Q1 2026 against no tax provision for the comparable quarter in 2025. Excluding the $19.3 million non-cash stock-based compensation, the non-GAAP adjusted net loss to common stockholders was $38.1 million in the quarter. In May 2026, the Company declared a $9.0 million dividend to be paid on or about May 29, 2026, to shareholders of record on May 15, 2026, continuing the Company's continued commitment to reward its shareholder base. As of March 31, 2026, the Company's liquid assets (defined as: "cash, marketable securities, securities owned and receivable from clearing brokers") totaled $67.4 million at the end of Q1 2026, working capital totaled $21.9 million, total assets were $85.3 million and total stockholders' equity was $31.6 million.
May 11, 2026
Upgrade Energy's battery and power systems expertise immediately strengthens Unusual Machines' domestic engineering and manufacturing capabilities ORLANDO, FL / ACCESS Newswire / May 11, 2026 / Unusual Machines, Inc. (NYSE American:UMAC), a leading manufacturer of NDAA-compliant drone components, today announced it has signed a definitive agreement to acquire DroneNX LLC, which operates as Upgrade Energy, a manufacturer of battery and power systems solutions for unmanned aerial systems.  The transaction is valued at approximately $52 million and is expected to consist of a combination of cash and stock consideration, including a performance-based earnout. The acquisition adds battery expertise to Unusual Machines' domestic manufacturing and engineering operations, broadens the Company's capabilities by adding new drone components, and strengthens its domestic manufacturing capabilities. Upgrade Energy currently operates out of an 18,500-square-foot facility in Torrance, CA and employs approximately 30 engineering and production personnel. Unusual Machines plans to expand battery pack operations by adding a second production facility in Orlando, FL in the coming months. "Batteries are a foundational part of drone power systems and have a huge impact on performance and reliability," said Allan Evans, CEO of Unusual Machines. "Upgrade Energy adds the best battery and power systems expertise we have worked with. In addition to the battery expertise, Matt and the entire Upgrade team share our culture, attitude, and represent a huge windfall in terms of adding talent to our workforce." "We built Upgrade Energy to solve flight time and reliability challenges for drone operators through high-performance drone batteries manufactured in the United States," said Matthew Barnard, CEO of Upgrade Energy. "Joining Unusual Machines gives us the scale and operational support to move faster and accelerate the development of our technology. We believe the drone industry is entering an important phase of growth, and we're excited to contribute to that momentum as part of Unusual Machines." The closing of the transaction remains subject to customary closing conditions, including receipt of an audit for Upgrade Energy for 2025. Following closing, the business will operate as part of Unusual Machines' growing portfolio of drone component and technology companies. 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 . Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company's anticipated acquisition of Upgrade Energy and growth of both companies. Forward-looking statements are often identifiable by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "objective," "ongoing," "plan," "predict," "project," "potential," "should," "will," or "would," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for making each forward-looking statement contained in this press release, the Company cautions that these statements are based on a combination of facts and factors currently known by the Company and its expectations of the future, about which the Company cannot be certain. Forward-looking statements are subject to considerable risks and uncertainties, as well as other factors that may cause the Company's actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: our reliance on third parties to deliver parts needed to manufacture our drone components; risks related to inventory management and potential obsolescence; uncertainty regarding government procurement programs and timelines; risks associated with our rapid expansion, the meeting of closing conditions and the various risk factors relating to manufacturing and other risks described within the section entitled "Risk Factors" in the Company's 2025 Annual Report on Form 10-K. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances, except as required by law. Investor Contact: investors@unusualmachines.com Media Contact: media@unusualmachines.com SOURCE: Unusual Machines, Inc.
May 7, 2026
Follows a series of recent program wins, reinforcing increasing demand for deployable autonomous systems in operational environments TAMPA, Fla., May 07, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB) announces that XTEND, a leader in software systems and artificial intelligence-powered robotics, has secured an order valued at approximately $8.25 million from a defense customer in Europe for the supply of advanced autonomous drone systems.  The program includes a mix of indoor operational platforms and tactical strike systems designed for deployment in complex and constrained environments where access is limited and operational speed is critical. Delivery is expected during 2026. The award builds on XTEND’s recent contract wins, representing a significant increase in program scale and reinforcing accelerating adoption of its systems across defense organizations. The increasing scale of these programs reflects a structural shift toward large-scale deployment of autonomous systems across defense operations. “This program reflects the continued evolution in how defense organizations are approaching operational challenges,” said Aviv Shapira, Co-founder and CEO of XTEND. “We are seeing growing demand for systems that can be rapidly deployed and operate effectively across different mission profiles, from confined indoor environments to tactical strike scenarios.” XTEND’s systems are powered by its proprietary XOS operating system, enabling human-guided autonomy and real-time mission execution. The platform is designed to support coordinated operations across multiple robotic systems, allowing operators to execute missions in complex environments where traditional approaches are limited. Due to the nature of the program, the customer and specific operational details remain undisclosed. The agreement reinforces XTEND’s transition into larger-scale defense programs, reflecting accelerating global adoption of autonomous systems in operational use. XTEND continues to expand its presence across multiple regions as defense organizations shift toward deployable, multi-mission autonomous capabilities. +++ 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 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 will file 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 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 6, 2026
Former Commander of U.S. Naval Special Warfare Command deepens senior military leadership and strengthens cross-domain autonomous systems strategy Powerus recently announced a proposed merger with Aureus Greenway Holdings Inc. (Nasdaq: AGH), positioning Powerus to become publicly traded upon completion WEST PALM BEACH, Fla., May 06, 2026 (GLOBE NEWSWIRE) -- Autonomous Power Corporation, doing business as Powerus, today announced the appointment of Rear Admiral (Ret.) Milton “Jamie” Sands III to its Advisory Board. His background spans every domain of modern defense — maritime, ground, air, joint, and special operations — making him a uniquely suited voice as Powerus accelerates deployment of its autonomous systems portfolio across the U.S. military and allied forces. Rear Admiral Sands will provide strategic counsel to Powerus leadership on the evolving role of autonomous systems in modern conflict and serve as a senior voice on defense and national security matters in the company's public engagement. Sands joins a senior advisory roster that includes Lt. General (Ret.) Keith Kellogg, former U.S. Special Presidential Envoy for Ukraine, and General (Ret.) Charles Q. “CQ” Brown, Jr., former Chairman of the Joint Chiefs of Staff. Rear Admiral Sands also serves as President and CEO of the Special Operations Warrior Foundation (SOWF). SOWF provides “cradle to career” education and support to the surviving children of U.S. Special Operations personnel who die in the line of duty, the children of Medal of Honor recipients, and the children of widowed active duty Special Operations personnel (specialops.org). Rear Admiral Sands brings more than three decades of operational leadership across naval warfare, special operations, intelligence, strategy, and joint force command. Key assignments include: SEAL Delivery Vehicle Team ONE SEAL Team TWO Commanding Officer, SEAL Team 8 (Joint Task Force Commander in Iraq 2010) Commodore, Naval Special Warfare Group 2 (2016–2018) Commander, Naval Service Training Command (2019–2021) Commander, United States Special Operations Command Africa (2021–2023) Chief of Staff, United States Special Operations Command (2023–2024) Commander, Naval Special Warfare Command (2024–2025) “Powerus is addressing a problem that I've watched build for years across every theater I served in — the gap between the technology that exists and the speed at which it gets to the people who need it,” said Rear Admiral (Ret.) Sands. “That's a mission I'm proud to support. Our adversaries have moved fast, and this company is built to help the U.S. and allies move faster.” Andrew Fox, CEO of Powerus, said: “Admiral Sands has dedicated his career to the defense of this country — and his commitment to the families of fallen special operations personnel through the Special Operations Warrior Foundation reflects exactly the kind of values we want around this table. His operational depth across naval warfare, joint special operations, and strategic command gives Powerus a perspective that spans the full spectrum of how autonomous systems get used, procured, and integrated. We’re honored to have him.” Brett Velicovich, Co-Founder of Powerus, added: “Admiral Sands has operated at the highest levels of joint special operations, strategic command, and naval leadership across multiple administrations. I served with him on the ground in Iraq and I’m proud to serve with him again in a new capacity, getting drone technology into the hands of the warfighters who need it most. His experience gives us a perspective that spans the full spectrum of how our autonomous systems get used, procured, and integrated — and that’s directly valuable as we scale. We’re glad to have him.” This announcement follows Powerus's 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 under the anticipated ticker symbol 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: AGH) that is expected to result in the company trading on Nasdaq under the ticker symbol 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. 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. 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. CONTACTS INVESTOR RELATIONS Jason Assad 678-570-6791 Press Contact : Maripat Finigan SVP, Strategic Comms pr@Power.us 860-508-3828