Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 154

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 154
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 right to acquire one-twelfth (1/12) of one share of HVII Domesticated Common Stock at Closing, and (iii) each then issued and outstanding unit of HVII will be cancelled and one share of HVII Domesticated Common Stock and one Domesticated HVII Right will be issued in respect thereof.

Conversion of Securities

Pursuant to the terms of the Business Combination Agreement, the aggregate consideration to be paid to the existing equity holders of ONE Nuclear at Closing is $1.0 billion. The Base Purchase Price will be paid entirely in stock, comprised of newly issued shares of HVII Domesticated Common Stock, at a price per share equal to the amount at which Class A Ordinary Shares issued in HVII’s initial public offering may be redeemed in connection with the Closing. In addition, the ONE Nuclear Members will be entitled to receive up to an aggregate of 13.0 million additional shares of HVII Domesticated Common Stock in contingent consideration, subject to the achievement of certain share price milestones, as described below under the section titled “ Earnout Shares.”

At the effective time of the Merger, each membership unit of ONE Nuclear that is issued and outstanding immediately prior to the Effective Time will be exchanged for such fraction of a newly issued share of HVII Domesticated Common Stock that is equal to the quotient of (a) the Base Purchase Price, divided by the (b) ONE Nuclear Fully Diluted Capital (as defined in the Business Combination Agreement), divided by (c) the Redemption Price.

Earnout Shares

During the two-year period beginning on the first anniversary of the Closing Date and ending on the third anniversary of the Closing Date, HVII will issue up to 13.0 million additional shares of HVII Domesticated Common Stock as contingent consideration to the equity holders of ONE Nuclear, subject to the achievement of certain share price milestones as follows below:

| (a) | 4,333,334 Earnout Shares if the closing sale price of one share of HVII Domesticated Common Stock as reported on Nasdaq (or the exchange     
 on which the shares of HVII Domesticated Common Stock are then listed) is greater than or equal to $12.50 per share for a period of at       
 least twenty (20) days out of thirty (30) consecutive trading days ending on the trading day immediately prior to the date of determination; |
| (b) | 4,333,333 Earnout Shares if the closing sale price of one share of HVII Domesticated Common Stock as reported on Nas