Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 218

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 218
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 this amendment eliminates the HVII Class B Ordinary Shares (or their common stock equivalent) from the share structure of New ONE Nuclear.

Proposal No. 5B — Required Vote to Amend the Charter

At present, certain provisions of the HVII Charter relating to the appointment and removal of directors and the continuation of the company in a jurisdiction outside the Cayman Islands, may only be amended by special resolution of the shareholders, being the affirmative vote of the holders of not less than ninety percent (90%) of the issued and outstanding shares who, being present in person (including by virtual attendance) or by proxy and entitled to vote. Pursuant to the terms of the New ONE Nuclear Charter, the affirmative vote of the majority of the outstanding shares of capital stock entitled to vote, and the affirmative vote of the majority of the outstanding shares of each class entitled to vote thereon as a class, at a duly constituted meeting of stockholders called expressly for such purpose, is required to amend or repeal provisions of the New ONE Nuclear Charter; provided, however, that the affirmative vote of holders of at least 66.67% of the voting power of all the then-outstanding shares of voting stock of New ONE Nuclear, voting together as a single class, shall be required to amend, alter, repeal or rescind certain provisions of the New ONE Nuclear Charter relating to special meetings of New ONE Nuclear stockholders, the absence of action by written consent, directors’ and officers’ limitation of liability and indemnification, exclusive forum, amendment of the New ONE Nuclear Bylaws, and the amendment process of the New ONE Nuclear Charter.. We believe that supermajority voting requirements are appropriate at this time to protect stockholders against the potential self-interested actions by one or a few large stockholders. In reaching this conclusion, the HVII Board was cognizant of the potential for certain stockholders to hold a substantial beneficial ownership of New ONE Nuclear Common Stock following the Transaction. We further believe that going forward, a supermajority voting requirement encourages the person seeking control of New ONE Nuclear to negotiate with the board of directors to reach terms that are appropriate for all stockholders.

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(C) Proposal No. 5C — Director Removal

At present, the HVII Charter provides that, directors may be removed from office at any time, by an ordinary resolution of the holders of the HVII Class B Ordinary Shares. The New ONE Nuclear Charter provides for the removal of directors with cause only by stockholders voting at least 66.67% of the