Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 52

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 52
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 health considerations, and geopolitical instability, such as the military
conflicts in Ukraine and the Middle East. HVII cannot at this time predict the likelihood of one or more of the above events, their duration
or magnitude or the extent to which they may negatively impact HVII’s business and its ability to complete a business combination.

Recent
Events 

Business
Combination Agreement

On
October 22, 2025, HVII, Solis Merger Sub LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of HVII (“Merger
Sub”), and ONE Nuclear Energy LLC, a Delaware limited liability company (the “ONE Nuclear”), entered into a business
combination agreement (the “Business Combination Agreement”) that contemplates a $1.0 billion equity valuation of ONE Nuclear
and an all-stock combination transaction (the “Proposed Business Combination). ONE Nuclear is an independent developer of large-scale
energy solutions powered by natural gas and advanced nuclear small modular reactor (SMR) technologies.

Pursuant
to the Business Combination Agreement, the parties thereto will enter into a business combination transaction by which, among other things,
(i) HVII will transfer by way of continuation and deregistration to and domesticate as a Delaware corporation (the “Domestication”)
and (ii) Merger Sub will merge with and into ONE Nuclear (the “Merger”), with ONE Nuclear being the surviving entity of the
Merger and becoming a direct, wholly-owned subsidiary of HVII. Upon closing of the Merger (the “Closing,” and the date on
which the Closing occurs, the “Closing Date”), ONE Nuclear will become a direct, wholly-owned subsidiary of HVII, and HVII
will be a publicly traded company operating under the name “ONE Nuclear.” Following the Closing, HVII’s shares of common
stock following the Domestication (“Common Stock”) are expected to trade on Nasdaq under the ticker symbol “ONEN.”

The
Closing will occur no later than the third business day following the satisfaction or waiver of all of the closing conditions, or at
such other time or in such other manner as agreed upon by HVII and ONE Nuclear in writing.

The
obligations of the parties to consummate the Merger and the other transactions contemplated by the Business Combination Agreement (collectively,
the “Transactions”) are subject to the satisfaction or waiver (where permissible) at or prior to the Closing of customary
closing conditions set forth in the Business Combination Agreement, including: (i)