Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 373

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 373
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 additional shares may be used for a variety of corporate finance transactions, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could make more difficult or discourage an attempt to obtain control of New ONE Nuclear by means of a proxy contest, tender offer, merger or otherwise.

Classified Board of Directors

The New ONE Nuclear Charter provides that the New ONE Nuclear Board will be divided into three classes of directors, with the classes to be as nearly equal in number as possible, and with each director serving a three-year term. As a result, approximately one-half of the New ONE Nuclear Board will be elected each year. The classification of directors will have the effect of making it more difficult for stockholders to change the composition of the New ONE Nuclear Board.

Stockholder Action; Special Meetings of Stockholders

The New ONE Nuclear Bylaws will provide that stockholders may not take action by written consent, but may only take action at annual or special meetings of stockholders. As a result, a holder controlling a majority of New ONE Nuclear capital stock would not be able to amend the New ONE Nuclear Bylaws or remove directors without holding a meeting of stockholders called in accordance with the New ONE Nuclear Bylaws. Further, the New ONE Nuclear Bylaws will provide that only the chairperson of the New ONE Nuclear Board, a majority of the New ONE Nuclear Board or the Chief Executive Officer of New ONE Nuclear may call special meetings of stockholders, thus prohibiting a stockholder from calling a special meeting. These provisions might delay the ability of stockholders to force consideration of a proposal or for stockholders controlling a majority of New ONE Nuclear capital stock to take any action, including the removal of directors.

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Advance Notice Requirements for Stockholder Proposals and Director Nominations

In addition, the New ONE Nuclear Bylaws will establish an advance notice procedure for stockholder proposals to be brought before an annual meeting or special meeting of stockholders. Generally, in order for any matter to be “properly brought” before a meeting, the matter must be (a) specified in a notice of meeting given by or at the direction of the New ONE Nuclear Board, (b) if not specified in a notice of meeting, otherwise brought before the meeting by the New ONE Nuclear Board, or (c) otherwise properly brought before the meeting by a stockholder who (1) is a stockholder of record entitled to vote at such annual meeting on the date of the giving of the notice and on the record date for