Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 150

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 150
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 equal to the difference, if any, between the fair market value of the corresponding shares of New ONE Nuclear Common Stock received in the Domestication and the U.S. Holder’s adjusted tax basis in its HVII Class A Ordinary Shares surrendered. Additionally, Non-U.S. Holders (as defined in “ Material U.S. Federal Income Tax Considerations for Holders of HVII Class A Ordinary Shares and New ONE Nuclear Common Stock — III. Non-U.S. Holders”) may become subject to withholding tax on any amounts treated as dividends paid on shares of New ONE Nuclear Common Stock after the Domestication.

Assuming that the Domestication qualifies as an F Reorganization, subject to the PFIC rules discussed below, U.S. Holders generally will be subject to Section 367(b) of the Code in connection with the Domestication, and, as a result:

| ● | a                                                                                            
 U.S. Holder who is a 10% U.S. Shareholder on the date of the Domestication generally will    
 be required to include in income as a deemed dividend deemed paid by HVII the “all           
 earnings and profits amount” (as defined in the Treasury Regulations under Section           
 367 of the Code) attributable to the HVII Class A Ordinary Shares held directly by such U.S. 
 Holder;                                                                                      |

| 92 |

| ● | a                                                                                              
 U.S. Holder whose HVII Class A Ordinary Shares have a fair market value of $50,000 or more     
 on the date of the Domestication and who, on the date of the Domestication, is not a 10%       
 U.S. Shareholder generally will recognize gain (but not loss) with respect to its HVII Class   
 A Ordinary Shares as if such U.S. Holder exchanged its HVII Class A Ordinary Shares for shares 
 of New ONE Nuclear Common Stock in a taxable transaction, unless such U.S. Holder elects       
 in accordance with applicable Treasury Regulations to include in income as a deemed dividend   
 deemed paid by HVII the “all earnings and profits” amount (as defined in the                   
 Treasury Regulations under Section 367 of the Code) attributable to such U.S. Holder’s         
 HVII Class A Ordinary Shares; and                                                              |

| ● | a                                                                                                  
 U.S. Holder whose HVII Class A Ordinary Shares have a fair market value of less than $50,000       
 on the date of the Domestication and who, on the date of the Domestication, is not a 10%           
 U.S.