Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 176

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 176
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On May 28, 2025, Mr. Chad Ritchie, Managing Director at B. Riley, contacted Mr. Daniel J. Hennessy, HVII’s Chairman and Chief Executive Officer, regarding ONE Nuclear and the opportunity to take ONE Nuclear public through a De-SPAC transaction. Mr. Ritchie and the B. Riley team were familiar with Mr. Daniel Hennessy because Hennessy Capital is a serial SPAC sponsor and has actively reviewed opportunities in the industrial technology, energy transition and nuclear energy generation sectors in connection with prior SPACs, and Mr. Daniel Hennessy was familiar with the B. Riley team from its financial advisory work on numerous SPAC transactions.

On May 29, 2025, HVII and ONE Nuclear executed a non-disclosure agreement, and HVII received access to the ONE Nuclear investor presentation and virtual dataroom. The HVII management team commenced initial due diligence and review of the virtual data room. ONE Nuclear continued to update the virtual dataroom with additional diligence materials until the execution of the Business Combination Agreement.

On June 3, 2025, Richard Taylor, Co-Founder, Chairman and Chief Executive Officer of ONE Nuclear, Robert Carilli, Co-Founder and Chief Strategy Officer of ONE Nuclear, Kevin Dowd, Co-Founder and Chief Operating Officer of ONE Nuclear, and representatives of B. Riley presented an overview of the ONE Nuclear business model, business plan, partnerships and industry demand to Mr. Daniel Hennessy, Mr. Thomas Hennessy, Mr. Nick Geeza and Ms. Megan Cai, a Vice President of HVII, as representatives of HVII.

On June 12, 2025, Ms. Cai, on behalf of HVII, participated in a videoconference with Messrs. Taylor, Carilli and Dowd of ONE Nuclear, as well as representatives from B. Riley, to review and discuss in further detail ONE Nuclear’s business model and historical financial statements.

On June 20, 2025, representatives of B. Riley held a videoconference with HVII’s management team to discuss updates with respect to ONE Nuclear’s business plans, questions HVII had about ONE Nuclear, and the HVII management team’s preliminary assessment of the ONE Nuclear opportunity based on information provided and reviewed.

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On June 23, 2025, HVII submitted a non-binding letter of intent to ONE Nuclear, providing for the following terms:

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 pre-money equity valuation of