Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 95

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 95
---
 power on the expected schedule, and its operating results and financial condition.

Nuclear reactors and SMRs can be costly and time consuming to construct and commercialize. Delays and cost overruns arising from issues with procurement, regulatory approvals, construction and commercialization of nuclear reactors may materially adversely affect ONE Nuclear’s business.

The development, construction, and commercialization of nuclear reactors and SMR projects involve significant time and cost. The design, engineering, licensing, and construction of nuclear reactors, including the AP1000 and SMRs, are complex, highly regulated, and subject to lengthy timelines. SMRs, while designed to be more cost-effective and scalable than traditional nuclear reactors, are still in early stages of development and deployment globally, with limited operational history and a lack of commercially available, fully licensed designs. This increases the risk of unforeseen technical challenges, delays in regulatory approvals, and higher-than-anticipated costs.

The costs associated with developing and deploying these technologies are substantial, including expenses related to site preparation, specialized materials, and compliance with stringent nuclear safety and environmental regulations. Further, the limited number of nuclear power plants constructed in the U.S. over the last twenty years has reduced the number of skilled laborers, such as welders, necessary to construct new nuclear power plants. Any delays or cost overruns, or failure or delay in securing the services of qualified laborers, could strain ONE Nuclear’s financial resources, require additional capital, or result in project delays or cancellations.

ONE Nuclear’s management team has limited experience in the nuclear energy sector, which may hinder its ability to effectively navigate the complex technical, regulatory, and operational challenges associated with nuclear reactors and SMR projects. This lack of experience could lead to delays, misjudgments, or failure to anticipate critical risks, further increasing project costs and timelines.

Furthermore, the limited availability of commercially viable SMRs poses additional risks. The technology is still emerging, with few operational SMRs globally, and the supply chain for specialized components is underdeveloped. This could result in delays in securing necessary materials, higher costs, or reliance on unproven suppliers. If ONE Nuclear is unable to successfully develop, license, and deploy nuclear reactor or SMR projects on time and within budget, or if ONE Nuclear fails to mitigate the inherent risks of nuclear power, its business prospects, financial condition, and ability to achieve strategic objectives could be materially adversely affected.

| 61 |

ONE Nuclear may be subject to credit risks.

Credit risk includes the risk that ONE Nuclear’s customers will not pay their bills,