Valor Energy Inc: agrees to acquire Youngstown computing center for $3,600,000

What happened

• Valor Energy Inc reported that on Oct 18, 2026 it entered into the Youngstown Computing Center Equity Transfer Agreement dated Oct 17, 2026, under which the company agreed to acquire 100% of the outstanding equity interests of Glorious Star LLC (the target company) for an aggregate purchase price of $3,600,000.
• The target company holds interests in a computing center project at 1911 Logan Avenue, Youngstown, Mahoning County, Ohio, including approximately 30,888 square feet of warehouse space, site ownership and development rights, and rights to a 23kV electricity connection from Ohio Edison with 18,000 kVA (18 MVA) of site-level apparent power capacity. The filing states that the 18 MVA figure represents apparent power capacity and does not necessarily equal usable IT load.

Key details

• Purchase price and payments: aggregate purchase price $3,600,000; refundable performance deposit of $360,000 due within five business days after the effective date; remaining $3,240,000 payable at closing; $30,000 reimbursement for prepaid rent payable at closing.
• Timing and conditions: due diligence period of 30 business days from the effective date and a closing deadline no later than the 30th business day after that date (unless extended); closing is subject to the company’s written acceptance of due diligence, continued accuracy of seller representations and delivery of required closing documents and assets.
• allocation of charges and responsibilities: company will be responsible for electricity charges incurred after Nov 15, 2026 and will reimburse the seller for the remaining electricity security deposit balance as of that date; seller is responsible for settling historical debts before closing and agreed to indemnify for specified pre-closing matters.
• post-closing plans and uncertainties: the company plans to pursue conversion of the project into a data center for artificial intelligence and high-performance computing workloads, but the filing states that conversion will require additional design, construction, equipment and permitting and that completion is subject to uncertainties including verification of usable power and financing.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement), which covers the agreement to acquire the target company that holds the Youngstown computing center interests and sets out the purchase price, deposit, closing conditions, indemnities and other transaction terms. A filing does not show why the insider traded or why the company acted.