Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 356

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 356
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 new nuclear generation; |

| ● | provisions                                                         
 of the Inflation Reduction Act supporting clean-energy deployment; |

| ● | DOE                                                                                
 Loan Programs Office financing for eligible nuclear and clean-energy projects; and |

| ● | potential                                                   
 state-level tax incentives, grants or development programs. |

Changes in tax law, appropriations, or regulatory interpretation could affect project economics or financing options.

Evolving Regulatory Landscape

Energy and environmental regulations continue to evolve in response to decarbonization goals, national-security priorities, reliability needs, and emerging technologies. Future policy developments, including nuclear licensing reform, grid-market redesign, gas-infrastructure regulation, or environmental-permitting modernization, could create opportunities or impose new obligations on ONE Nuclear’s business.

Legal Proceedings

From time to time, ONE Nuclear may become involved in claims, regulatory matters, or legal and administrative proceedings that arise in the ordinary course of business. Such matters can vary in scope and complexity and may involve significant uncertainty. These proceedings could, in certain circumstances, result in monetary damages, fines, penalties, or other forms of relief.

At present, ONE Nuclear is not a party to any claim, lawsuit, or proceeding that, individually or in the aggregate, ONE believes would be material to its business or would be expected to have a material adverse effect on its financial condition, operating results, or cash flows.

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<div align='center'>ONE NUCLEAR MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION</div>

The following discussion and analysis should be read in conjunction with the selected financial and operating data, the audited financial statements and related notes of One Nuclear Energy (the “Company” or “One Nuclear”) as of September 30, 2025, included elsewhere in this proxy statement/prospectus. These financial statements have been prepared in accordance with U.S. GAAP standards.

The discussion below contains forward-looking statements and reflects the current view of the Company and its subsidiaries and associates with respect to future events and financial performance. Actual results may differ materially from those anticipated in these forward-looking statements.

Overview

The Company is structured to develop, own, and operate a portfolio of behind-the-meter (BTM) microgrids and energy parks that bypass the congested centralized energy transmission infrastructure of the United States. ONE Nuclear’s objective is to cultivate a diverse and sector-agnostic client base of energy-intensive end-users, including not just hyperscale AI and cloud data centers, but also industrial manufacturers, refineries, desalination plants and critical-inf