Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 112

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 112
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-carbon energy investment programs could materially reduce the financial attractiveness of nuclear energy at ONE Nuclear’s proposed power projects.

Commodity prices (particularly for natural gas) could impact the economic viability of ONE Nuclear’s businesses or impair its ability to commence operations if ONE Nuclear is not able to adequately pass through the cost of natural gas and other raw materials to its customers.

Natural gas will represent the primary fuel necessary to generate the initial power at ONE Nuclear’s power projects. Although ONE Nuclear expects to enter into contracts with its customers that will provide for contractual pass-through provisions relating to the cost of natural gas, there are no assurances that the costs of natural gas process will be effectively passed through or that ONE Nuclear will be able to offset fully, or on a timely basis, the effects of higher natural gas costs. Commodity prices are inherently volatile and are subject to fluctuations in response to changes in supply and demand, market uncertainty and a variety of additional factors that are beyond ONE Nuclear’s control. ONE Nuclear’s business depends heavily on the successful execution of an energy development plan that includes the construction and operation of numerous gas-fired generation assets that will require an increase in baseline fuel consumption, which may expose the projects to higher sensitivity around long-term gas supply contracting and volume stability. While ONE Nuclear expects to secure strategic relationships with gas providers, ONE Nuclear will remain exposed to fluctuations in natural gas prices. If ONE Nuclear is not able to effectively pass through the cost of natural gas or other raw materials to its customers, fluctuations in commodity prices have the potential to negatively impact its ability to achieve its earnings or cash flow targets, which could have a material adverse effect on its business, results of operations and financial condition. In addition, actual power prices and fuel costs will differ from those assumed in financial projections used to value ONE Nuclear’s trading and marketing transactions, and those differences may be material. As a result, ONE Nuclear’s financial results may be diminished in the future as those transactions are marked to market.

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Furthermore, worldwide political, economic, and military events have contributed to oil and natural gas price volatility and are likely to continue to do so in the future. The broader consequences of the Russian-Ukrainian conflict and unrest in the Middle East, which may include further sanctions, embargoes, supply chain disruptions, regional instability and geopolitical shifts, may have adverse effects on global macroeconomic conditions, increase volatility in the price and demand for oil and natural gas, increase exposure to cyberattacks, cause disruptions in global supply chains, increase foreign currency fluctuations, cause constraints or disruption