Valor Energy eliminates escrow for deposit in Youngstown Computing Center deal
VAI•Valor Energy amended its $3.6 million acquisition agreement with Glorious Star, making the $360,000 deposit a generally nonrefundable direct payment after written confirmation of satisfactory due diligence and initial valuation.
1. Deposit terms amended
Valor Energy amended its Youngstown Computing Center acquisition agreement with Glorious Star on November 3, 2026, eliminating deposit escrow. The $360,000 deposit will be paid directly to the seller and count toward the purchase price after written confirmation of satisfactory due diligence and initial valuation; the remaining balance is due at closing in exchange for transfer of all equity interests and control.
2. Closing conditions
Closing remains due 30 business days from October 18, 2026, unless extended by written agreement. Any acquisition of additional power capacity requires a separate agreement, and its availability does not affect closing or payment obligations.
