Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 184

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 184
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 approving the Business Combination Agreement and the Transactions, the HVII Board determined not to obtain a third-party valuation or fairness opinion. The officers and directors of HVII have substantial experience in evaluating the operating and financial merits of companies from a wide range of industries and concluded that their experience and background, together with the experience and sector expertise of HVII’s financial advisor, enabled them to make the necessary analyses and determinations regarding the Business Combination. In addition, HVII’s officers, directors and advisors have substantial experience with public and private mergers and acquisitions, including multiple prior De-SPAC transactions completed by HVII’s management team.

The HVII Board considered a wide variety of factors in connection with its evaluation of the Transactions. In light of the complexity of those factors, the HVII Board, as a whole, did not consider it practicable to, nor did it attempt to, quantify or otherwise assign relative weights to the specific factors it took into account in reaching its decision. Individual members of the HVII Board may have given different weight to different factors in reaching the directors’ respective decisions. This explanation of the HVII Board’s reasons for approving the Transactions, and all other information presented in this section, is not intended to be exhaustive but includes material factors considered by the HVII Board and is forward-looking in nature and, therefore, should be read in light of the factors discussed under the section of this proxy statement/prospectus entitled “ Cautionary Note Regarding Forward-Looking Statements.”

Further, the final prospectus for the IPO identified the general criteria and guidelines that HVII believed would be important in evaluating prospective target businesses, although HVII also indicated it may enter into a business combination with a target business that does not meet these criteria and guidelines. The HVII Board considered these criteria in its evaluation of ONE Nuclear and the Business Combination, which include identifying companies that (i) have an expected aggregate enterprise value of $500 million or greater, (ii) operate in large addressable markets within the industrial technology and energy transition sectors, (iii) are poised for scalable, sustainable growth with distinct intellectual property and highly defensible, differentiated technology, (iv) have an experienced management team and (v) would benefit from being publicly traded and can effectively utilize the broader access to capital and public profile that are associated with being a publicly traded company.

In considering the Transactions, the HVII Board considered a number of positive factors, including, but not limited to, the following material factors, which are not necessarily presented in the order of relative importance: