Recent Updates — VAI

Valor Energy Inc. entered into an equity transfer agreement with Glorious Star LLC to acquire 100% of the target company, which holds interests in a computing center project in Youngstown, Ohio. The aggregate purchase price is $3.6 million, consisting of a $360,000 refundable performance deposit and a remaining balance of $3.24 million paid at closing, plus $30,000 for prepaid rent reimbursement. The transaction includes site ownership, lease rights, and an 18 MVA electricity connection capacity. Valor Energy plans to convert the facility into a data center for artificial intelligence and high-performance computing workloads following completion of necessary design and construction. Closing is subject to a 30-business-day due diligence period and satisfaction of specific conditions. The company operates in the energy sector.