BUZZ - Drone manufacturer Powerus shares plunge after announcing securities and stock issuance plan

October 19 - ** Powerus (PUSA.O) shares fell 6.3% to $1.93 on Monday after the company disclosed its securities and stock issuance plan.

** The manufacturer of military and industrial aerial and maritime drones said earlier on Monday that, according to documents filed with the U.S. Securities and Exchange Commission (SEC) (link), the company may issue up to $250 million worth of common shares, preferred shares, debt securities, and warrants.

** Additionally, the company stated that shareholders selling their shares may sell up to around 7.4 million shares.

** The company plans to use the net proceeds for general corporate purposes, including expanding existing business, acquiring or investing in other businesses, and repaying debt.

** Since completing its merger with Aureus Greenway on October 1, the price of PUSA shares has dropped by 50% (link). Aureus Greenway is a golf club operator (link) backed by President Trump's two elder sons.

** According to the disclosed documents, Trump's two sons — Donald Trump Jr. and Eric Trump — hold about 79.6 million PUSA shares through an investment fund named "American Ventures," making their actual holding ratio 9.9%.

** Drone component manufacturer Unusual Machines (UMAC.A)—whose advisory board includes Donald Trump Jr.—holds about 10.2 million PUSA shares, with an actual holding ratio of 4.9%.

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