Exhibit 99.2

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

Defined terms used below have the same meanings ascribed to them elsewhere in this Current Report on Form 8-K.

The Merger

On March 8, 2026, Aureus Greenway Holdings Inc. (“AGH” or “Parent”), Aureus Merger Sub Inc. (“Merger Sub”), Autonomous Power Corporation (“APC” or the “Company”), and Andrew Fox, solely in his capacity as the Stockholder Representative, entered into an Agreement and Plan of Merger (the “Merger Agreement”). On October 1, 2026, following satisfaction or waiver of the applicable closing conditions, Merger Sub merged with and into APC, with APC surviving as a wholly owned subsidiary of AGH and the surviving corporation of the merger (the “Merger”). AGH, following the Merger, is referred to herein as the “Combined Company”. In connection with the Merger, AGH changed its name to “Powerus Corporation”.

At the effective time of the Merger on October 1, 2026 (the “Effective Time”):

APC Acquisitions

Prior to 2026, APC had no revenue-generating operations, and its activities consisted primarily of formation, fundraising, business development, acquisition-related activities, and other organizational activities.

On January 15, 2026, APC acquired Tandem Defense LLC (“Powerus Defense”), a defense technology entity that had no operations at the acquisition date, for cash consideration of $500. Powerus Defense is focused on the design and development of unmanned aerial systems and related tactical defense solutions. The Powerus Defense acquisition was not material.

On January 30, 2026, APC acquired Kaizen Aerospace, Inc. (“Kaizen”), which manufactures and sells drone platforms and provides related drone services for total consideration transferred of $1.8 million, consisting of $1.0 million paid at Closing and deferred cash consideration with an acquisition-date fair value of approximately $0.8 million.

On February 20, 2026, APC acquired Agile Autonomy LLC (“Agile”), which provides maritime autonomy and unmanned systems integration services, including the retrofitting of manned vessels into remotely operated or autonomous surface vessels, integration of unmanned aerial systems, customer-funded special projects, and related technical support for total consideration transferred of $3.9 million, consisting of $2.0 million paid at Closing and deferred cash consideration with an acquisition-date fair value of approximately $1.9 million.

The acquisitions of Kaizen and Agile are collectively referred to herein as the “APC Acquisitions”.

Related Transactions

In addition to the Merger and the APC Acquisitions, the unaudited pro forma condensed combined financial information gives effect to the following transactions and adjustments (collectively, the “Related Transactions”):

The Merger, the APC Acquisitions and the Related Transactions are collectively referred to herein as the “Merger and Related Transactions.”

In connection with the Merger, Andrew Fox, Roman Vintfeld and Michael Sinensky acquired 50%, 25% and 25%, respectively, of AGH’s outstanding Series A preferred stock from the existing holder (the “Preferred Purchase”). The Preferred Purchase is a separate transaction between stockholders and does not result in a separate adjustment to the unaudited pro forma condensed combined financial information. However, the voting rights associated with the Series A preferred stock following the Preferred Purchase were considered in identifying APC as the accounting acquirer.

Accounting Treatment

APC’s acquisitions of Kaizen and Agile were accounted for as business combinations in accordance with ASC 805, Business Combinations (“ASC 805”). Kaizen was determined to be APC’s predecessor for financial reporting purposes. Accordingly, Kaizen’s historical results prior to its acquisition by APC on January 30, 2026 are presented as the predecessor periods in APC’s historical financial statements. The Merger will be accounted for as a reverse acquisition under U.S. GAAP, with APC determined to be the accounting acquirer and AGH determined to be the accounting acquiree. Accordingly, the historical financial statements of APC will become the historical financial statements of the Combined Company following the consummation of the Merger.

Unaudited Pro Forma Presentation

The unaudited pro forma condensed combined balance sheet as of June 30, 2026 combines the historical consolidated balance sheet of AGH and the historical consolidated balance sheet of APC, giving effect to the Merger and Related Transactions as if they had occurred on June 30, 2026. APC’s acquisitions of Kaizen and Agile are recognized in APC’s historical balance sheet as of June 30, 2026, and therefore no transaction accounting adjustments for Kaizen or Agile are presented in the unaudited pro forma condensed combined balance sheet as of June 30, 2026. The unaudited pro forma condensed combined statements of operations and comprehensive loss for the year ended December 31, 2025 and the six months ended June 30, 2026 give effect to (i) the acquisitions of Kaizen and Agile as if they had occurred on January 1, 2025, (ii) the Merger as if it had occurred on January 1, 2025, and (iii) the Related Transactions as if they had occurred on January 1, 2025. The unaudited pro forma condensed combined statements of operations and comprehensive loss combine the historical results of AGH, APC, Kaizen and Agile for the applicable periods presented and reflect the related pro forma adjustments.

The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X and is derived from the historical financial information of AGH, APC, Kaizen and Agile, after giving effect to the acquisitions of Kaizen and Agile, the Merger and the Related Transactions, together with the related pro forma adjustments.

The unaudited pro forma condensed combined financial information should be read in conjunction with:

The unaudited pro forma condensed combined financial information is based upon currently available information and assumptions that management believes are reasonable under the circumstances.

The pro forma adjustments are based upon estimates and assumptions that are subject to change as additional information becomes available and additional analyses are completed. The pro forma adjustments have been made solely for purposes of providing the unaudited pro forma condensed combined financial information. Differences between these preliminary estimates, including APC’s purchase price allocations of Kaizen, Agile, and AGH and APC’s final purchase price allocations of Kaizen, Agile, AGH and Merger and Related Transactions may occur, and such differences could have a material impact on the accompanying unaudited pro forma condensed combined financial information.

The unaudited pro forma condensed combined financial information is presented for illustrative purposes only and does not purport to represent the financial position or results of operations that actually would have occurred had the Merger, APC Acquisitions and the Related Transactions been completed on the dates indicated, nor does it purport to project the future financial position or operating results of the Combined Company. The unaudited pro forma condensed combined financial information does not reflect any anticipated operating efficiencies, cost savings, revenue enhancements, integration costs, restructuring activities or other synergies or dis-synergies that may result from the Merger. Actual results following the completion of the Merger may differ materially from those reflected in the unaudited pro forma condensed combined financial information presented herein.

Unaudited Pro Forma Condensed Combined Balance Sheet

As of June 30, 2026

See Notes to the Unaudited Pro Forma Condensed Combined Financial Information.

Unaudited Pro Forma Condensed Combined Statement of Operations and Comprehensive Loss

For the six months ended June 30, 2026

¹Kaizen is presented for the period from January 1, 2026 through January 30, 2026, the date APC acquired Kaizen. The historical information has been derived from the Predecessor period included in APC’s historical June 30, 2026 unaudited interim financial statements included elsewhere in this Current Report on Form 8-K.

²Agile is presented for the period from January 1, 2026 through February 20, 2026, the date APC acquired Agile. The historical information has been derived from Agile’s historical information.

See Notes to the Unaudited Pro Forma Condensed Combined Financial Information.

Unaudited Pro Forma Condensed Combined Statement of Operations and Comprehensive Loss

For the year ended December 31, 2025

¹APC (Successor) is presented for the period from October 8, 2025 (Inception) through December 31, 2025.

See Notes to the Unaudited Pro Forma Condensed Combined Financial Information.

NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS

NOTE 1. BASIS OF PRESENTATION

The unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X. The historical financial information of AGH, APC, Kaizen, and Agile has been adjusted in the unaudited pro forma condensed combined financial information to reflect transaction accounting adjustments related to the APC Acquisitions, Merger, and Related Transactions, based upon the assumptions and adjustments described in the accompanying notes.

Accounting for the Merger

The Merger will be accounted for as a reverse acquisition under U.S. GAAP, with APC determined to be the accounting acquirer and AGH determined to be the accounting acquiree.

The determination that APC is the accounting acquirer is based on an evaluation of the facts and circumstances surrounding the Merger and, in particular, the indicators set forth in ASC 805. Management considered, among other factors, the following:

The assets acquired and liabilities assumed from AGH are recognized at their estimated acquisition-date fair values, with any excess of the consideration transferred over the identifiable net assets acquired recognized as goodwill. APC’s historical equity is recapitalized to reflect the legal capital structure of AGH.

AGH Reclassification Adjustments

During the preparation of the unaudited pro forma condensed combined financial information, management performed a preliminary analysis of AGH’s financial information to identify differences in financial statement presentation as compared to the presentation of the Combined Company. Based on a preliminary analysis performed, certain reclassification adjustments have been made to conform AGH’s historical combined financial statement presentation to the Combined Company’s condensed consolidated financial statement presentation.

Refer to the tables below for a summary of adjustments made to present AGH’s historical unaudited statement of operations and comprehensive loss for the six months ended June 30, 2026 and year ended December 31, 2025, to conform with the presentation of the Company’s respective historical unaudited condensed consolidated statement of operations and comprehensive loss.

NOTE 2. SHARES AND OTHER SECURITIES ISSUABLE UPON CLOSING OF THE MERGER

At the Closing, each outstanding share of APC Common Shares was converted into the right to receive shares of AGH common stock at the Exchange Ratio of 599.18229 pursuant to the Merger Agreement. Outstanding APC stock options and warrants were assumed by AGH and converted into replacement options and warrants, respectively, with the number of underlying shares and exercise prices adjusted based on the Exchange Ratio.

The following table summarizes the APC securities outstanding at Closing and the corresponding AGH securities issued in connection with the Merger, and the Earn Out Shares and the RSUs of AGH/Combined Company issued in connection with the Merger:

Notes

(1) Represents APC Common Shares outstanding at Closing, exchanged for AGH common stock based on the Exchange Ratio upon Closing.

(2) Represents 55,000,000 shares of AGH common stock issued to APC stockholders at Closing.

(3) Represents outstanding APC stock options after giving effect to option forfeitures at Closing which were assumed by AGH and converted into replacement options based on the Exchange Ratio.

(4) Represents APC’s outstanding warrants, including 33,378 American Venture Series IV Warrants, 14,305 UMAC Warrants and 6,675 AV Advisory Warrants. Pursuant to the Merger Agreement, these warrants were assumed by AGH and converted into replacement warrants based on the Exchange Ratio.

(5) Represents the 200,000 restricted stock units of the Combined Company APC agreed to issue to JHG Strategies LLC pursuant to the consulting agreement effective April 1, 2026, and the Saker RSU Award of 200,000 RSUs of the Combined Company, which was approved on October 1, 2026 on consummation of the Merger. The JHG RSUs are subject to the contractual vesting schedule of which 50,000 RSUs vested upon consummation of the Merger and the remaining RSUs vest in quarterly installments of 25,000. The Saker RSUs were fully vested at Closing.

NOTE 3. PRELIMINARY PURCHASE PRICE ALLOCATION OF APC’S ACQUISITION OF KAIZEN AND AGILE

The preliminary purchase price allocation of APC’s acquisition of Kaizen and Agile is included in Note 3. Business Combinations to APC’s historical unaudited condensed consolidated financial statements as of and for the six months ended June 30, 2026 (Successor), included in this Current Report on Form 8-K.

NOTE 4. MERGER PRELIMINARY PURCHASE PRICE ALLOCATION

The preliminary allocation of the purchase consideration to the assets acquired and liabilities assumed is based on currently available information and estimated acquisition-date fair values. The excess of the purchase consideration over the preliminary fair value of the identifiable net assets acquired has been recorded as goodwill. The preliminary purchase price allocation, including the related income tax effects, is subject to change as additional information becomes available and the valuation analyses are finalized. Any resulting adjustments could materially affect the amounts assigned to identifiable assets, liabilities and goodwill, as well as the related depreciation and amortization expense reflected in the unaudited pro forma condensed combined financial information. The identifiable intangible assets considered in the preliminary purchase price allocation include the trade name and trademark associated with AGH’s golf course operations and an existing website. Based on market-participant assumptions, including the current and expected use of these assets following the Merger, no material separate fair value has been assigned to these assets. No related amortization expense has been reflected in the unaudited pro forma condensed combined statements of operations and comprehensive loss.

Property and equipment comprises land, buildings, recreational facilities and property improvements associated with AGH’s two golf courses, Kissimmee Bay Country Club and Remington Golf Club. The estimated aggregate fair values of these properties are $3,000,000 and $2,500,000, respectively. The combined $5,500,000 provisional fair value is allocated among the property and equipment classes presented below. Buildings and recreational facilities have an estimated remaining useful life of 39 years, and property improvements have an estimated remaining useful life of 7 years. Land is not depreciated. The fair values of the two golf courses were estimated by management using an independent third-party appraisal of the fee simple interests. The appraisal applied the sales comparison approach using comparable golf course transactions and considered factors including location, physical characteristics, overall utility, revenue potential and market positioning.

(A) The preliminary gross deemed equity consideration was measured using the 26,943,582 shares of AGH Common Stock issued and outstanding immediately prior to Closing at $3.20 per share, representing the closing market price of AGH Common Stock on Closing.

(B) Represents the pre-existing $20,000,000 promissory note issued by APC to AGH and related accrued interest. Accrued interest was $1,052,055 at Closing. The related balances are eliminated on consolidation. Refer to Note 5 (D)(2) for $504,110 of interest accrued after June 30, 2026.

(C) Management will evaluate the goodwill recognized in connection with the Merger for impairment as of the Effective Time of the Merger Closing (the fourth quarter of the fiscal year-ended December 31, 2026).

NOTE 5. PRO FORMA ADJUSTMENTS

The pro forma adjustments reflect the Merger and Related Transactions. Adjustments relating to provisional fair values and related income tax effects remain subject to change as the purchase price allocations are finalized.

Pro Forma Notes:

5(A) Represents the elimination, upon consummation of the Merger, of the $20,000,000 promissory note issued by APC to AGH on March 23, 2026 and related accrued interest of $547,945 as of June 30, 2026, which became intercompany balances. The unaudited pro forma condensed combined statement of operations and comprehensive loss for the six months ended June 30, 2026 reflects the elimination of the related $547,945 of interest income recognized by AGH and interest expense recognized by APC.

5(B) Represents the provisional fair value adjustments to property and equipment described in Note 4 reflected in the unaudited pro forma condensed combined balance sheet as of June 30, 2026.

The unaudited pro forma condensed combined statements of operations and comprehensive loss reflect estimated incremental depreciation of $319,494 for the year ended December 31, 2025 and $202,246 for the six months ended June 30, 2026 related to the depreciable portion of the provisional fair value adjustment, presented within cost of revenue/cost of sales.

5(C) Represents the increase to accounts payable and accrued expenses, for the following:

5(D) Reflects the recapitalization of APC’s historical equity to reflect the legal capital structure of AGH following the Merger.

The estimated pro forma shares of AGH Common Stock outstanding are calculated as follows:

5(D)(1) The transaction accounting adjustment to common stock is based on the total AGH Common Stock issued in connection with Closing of 138,662,026 and AGH’s par value of $0.001 per share.

5(D)(2) The transaction accounting adjustment to accumulated deficit is calculated as follows:

5(D)(3) The transaction accounting adjustment to additional paid-in capital is calculated as follows:

As of June 30, 2026, AGH had 10,000,000 shares of Series A preferred stock issued and outstanding, with a par value of $0.001 per share and an aggregate carrying amount of $10,000. Each share is entitled to 20 votes and votes together with AGH Common Stock. The Series A preferred stock is nonconvertible, is not entitled to receive dividends and has no liquidation preference over AGH Common Stock. The outstanding Series A preferred stock remained outstanding following the Merger. The Preferred Purchase, as defined above, represents a transfer of the outstanding Series A preferred stock among stockholders and does not result in the issuance, cancellation or modification of the preferred shares. Accordingly, no pro forma adjustment has been recorded.

5(E) For the six months ended June 30, 2026, reflects the stock-based compensation expense associated with the RSUs granted under the JHG Consulting Agreement, described below. For the year ended December 31, 2025, represents the aggregate adjustments resulting from the Merger and the Related Transactions, consisting of the following:

Transaction-related costs. Reflects legal and other professional fees incurred by APC after June 30, 2026 in connection with the Merger and not included in APC’s historical financial statements for the six months ended June 30, 2026.

Merger-related bonuses and service fees. Reflects one-time cash bonuses and service fees payable to employees and executive officers in connection with the Merger. On July 17, 2026, the AGH Board approved the creation of a bonus pool not exceeding $10,000,000, payable to officers and employees of the Combined Company after the Closing of the Merger (the “Bonus Pool”) in order to provide a compelling long-term financial incentive for key employees through consummation of the Merger. On October 3, 2026, the Compensation Committee of the Combined Company approved individual allocations for the Bonus Pool totaling $9,955,000. These payments require no additional service after Closing and were not included in APC’s historical financial statements for the six months ended June 30, 2026. The payments are reflected as compensation expense separate from the AGH purchase price allocation. The expense is allocated based on the recipients’ functions and the nature of the services provided as presented in the table above. As the amounts remain unpaid, the balance sheet adjustment increases accounts payable and accrued liabilities, with a corresponding increase in accumulated deficit.

Pre-funded AV Advisory Warrants. Reflects the expense associated with 6,675 APC pre-funded AV Advisory Warrants, which were issued pursuant to the advisory agreement dated September 1, 2026. The warrants were issued in exchange for financial advisory services to be provided by American Ventures LLC, Series LII Powerus II. The pre-funded AV Advisory Warrants are not subject to an additional service or vesting requirement. The compensation cost is measured at the September 1, 2026 grant-date fair value of the AV Advisory Warrants, as determined by management using an independent valuation report. The fair value of the Company’s common stock underlying the AV Advisory Warrants was determined using the market price of AGH common stock, adjusted for the Exchange Ratio. The AV Advisory Warrants are classified in equity because they are indexed to APC’s own common stock and meet the applicable equity-classification conditions, including settlement in shares without a substantive requirement to settle the warrants in cash. Based on the Company’s preliminary conclusion, the warrants are accounted for as nonemployee share-based payment awards under ASC 718, Compensation—Stock Compensation (“ASC 718”) and are not subsequently remeasured while they remain equity-classified.

Saker RSU Award. Reflects stock-based compensation expense associated with 200,000 restricted stock units granted to Matthew J. Saker on October 1, 2026. The grant-date fair value was measured using the closing price of AGH common stock of $3.20 per share. The award was fully vested upon Closing and requires no additional service. The adjustment increases general and administrative expense and additional paid-in capital, with a corresponding increase in accumulated deficit.

Accelerated stock options. Acceleration is provided for under the existing equity incentive plan and applicable award agreements and does not constitute a modification of the awards. The adjustment represents the remaining unrecognized grant-date compensation cost associated with unvested options outstanding as of Closing, after giving effect to forfeitures through that date. The expense is allocated based on the recipients’ functional responsibilities as presented in the table above.

JHG Consulting Agreement RSUs. Reflects stock-based compensation expense associated with the RSUs granted under the JHG Consulting Agreement. The grant-date fair value was measured using the June 5, 2026 closing price of AGH common stock of $5.16. The adjustment reflects compensation expense over the applicable service periods, assuming the Merger occurred on January 1, 2025. Upon consummation of the Merger, 50,000 RSUs were vested and the related compensation expense of $258,000 from service inception of April 1, 2026 through June 30, 2026 increases additional paid-in capital and accumulated deficit.

Except for compensation expense associated with the JHG Consulting Agreement RSUs, these expenses are not expected to recur beyond 12 months after the Merger. Compensation expense associated with the JHG Consulting Agreement RSUs is recognized over the applicable service periods.

5(F) Represents incremental amortization expense related to the preliminary fair values of the identifiable intangible assets recognized in APC’s acquisition of Kaizen, assuming the acquisition occurred on January 1, 2025. The identifiable intangible assets consist of developed technology with a preliminary fair value of $1,200,000 and an estimated useful life of ten years, and trademarks and trade names with a preliminary fair value of $500,000 and an estimated useful life of ten years.

For the year ended December 31, 2025, the resulting incremental amortization expense was $170,000, of which $120,000 was presented within cost of goods and services and $50,000 was presented within depreciation and amortization expense. For the six months ended June 30, 2026, the resulting incremental amortization expense was $13,973, of which $9,863 was presented within cost of goods and services and $4,110 was presented within depreciation and amortization expense. The adjustment for the six months ended June 30, 2026 reflects amortization for the period from January 1, 2026 through January 30, 2026, because amortization following the Kaizen acquisition date is included in APC’s historical results. The fair values and estimated useful lives are preliminary and subject to change upon completion of the final valuation.

5(G) Represents incremental amortization expense related to the preliminary fair value of the identifiable intangible asset recognized in APC’s acquisition of Agile, assuming the acquisition occurred on January 1, 2025. The identifiable intangible asset consists of trademarks and trade names with a preliminary fair value of $500,000 and an estimated useful life of five years. The resulting incremental amortization expense was $100,000 for the year ended December 31, 2025 and $13,973 for the six months ended June 30, 2026. The fair value and estimated useful life are preliminary and subject to change upon completion of the final valuation.

5(H) Represents the pro forma effects of the August 20, 2026 amendment to the pre-funded UMAC Warrants. The original UMAC Financing closed in June 2026 and is reflected in APC’s historical consolidated financial statements as of and for the six months ended June 30, 2026. No adjustment has been made for the original financing proceeds. The pre-funded UMAC Warrants were accounted for as liabilities before the amendment. The amendment revised certain settlement provisions that had previously precluded equity classification under ASC 815-40. Following the amendment, the Company expects the UMAC Warrants will be classified in equity as the amended settlement provisions provide UMAC with the same consideration and settlement elections available to holders of APC Common Shares upon a Fundamental Transaction and do not require net cash settlement of a warrant exercise. The unaudited pro forma condensed combined balance sheet reflects the amendment as if it had occurred on June 30, 2026, resulting in the reclassification of the warrant liability to additional paid-in capital.

The unaudited pro forma condensed combined statement of operations and comprehensive loss for the six months ended June 30, 2026 eliminates the historical gain recognized in connection with the liability-classified warrants.

5(I) Represents the adjustment to the weighted-average number of common shares outstanding used to calculate unaudited pro forma basic and diluted net loss per share, giving effect to the Merger and Related Transactions as if they had occurred on January 1, 2025, as follows:

The historical AGH weighted-average common shares outstanding for the six months ended June 30, 2026 include the shares underlying AGH’s pre-funded warrants reflected in its historical basic net loss per share calculation. Therefore, no separate pro forma adjustment has been presented for those warrants.

The pre-funded UMAC and American Venture Series IV Warrants have a nominal exercise price of $0.001 per share. As little or no additional consideration is required to exercise these warrants, the underlying shares have been included in the pro forma basic weighted-average common shares outstanding for each period presented.

Shares issuable upon settlement of vested JHG RSUs are included in pro forma basic weighted-average common shares outstanding based on the contractual vesting schedule, assuming commencement of the service period on January 1, 2025. Under this assumption, 50,000 RSUs vest after four months, with an additional 25,000 RSUs vesting quarterly thereafter.

Pro forma diluted net loss per share equals pro forma basic net loss per share as the Combined Company reports a pro forma net loss for each period presented. APC stock options, unvested RSUs issuable pursuant to the JHG Consulting Agreement, and other outstanding warrants and potential common shares not already included in basic weighted-average common shares outstanding have been excluded from pro forma diluted weighted-average common shares outstanding as their inclusion would be antidilutive.