Aureus Greenway Holdings Inc. Announces Closing of $9.0 Million Private Placement

Core Viewpoint - Aureus Greenway Holdings Inc. has successfully closed a private placement, raising approximately $9.0 million through the issuance of common stock and pre-funded warrants [1][2][5]. Group 1: Private Placement Details - The company issued a total of 3,009,667 shares of common stock and/or pre-funded common stock purchase warrants at a price of $3.00 per share, resulting in gross proceeds of about $9.0 million before fees [2]. - The pre-funded warrants are immediately exercisable at a nominal price of $0.001 per share and will expire only when fully exercised [4]. - The transaction was conducted under exemptions from registration requirements as per Section 4(a)(2) of the Securities Act of 1933 and Rule 506(b) of Regulation D [4]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized for working capital and general corporate purposes, including expenses related to a proposed business combination with Autonomous Power Corporation [5]. Group 3: Company Overview - Aureus Greenway Holdings Inc. operates golf course properties in Florida, including Kissimmee Bay Country Club and Remington Golf Club in the greater Orlando region [8].