Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 181

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 181
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6, while adding a termination right that would allow either party to terminate the Business Combination Agreement after December 31, 2025 if certain PIPE Investment subscription agreements have not been executed by such date, and (iv) splitting filing fees related to the Business Combination evenly between ONE Nuclear and HVII.

On September 25, 2025, Mr. Daniel Hennessy met in-person with Coen Weddepohl, the Chief Financial Officer of ONE Nuclear, and discussed ONE Nuclear’s business plan and strategy and commercial relationships.

On September 26, 2025, Nelson Mullins sent Sidley a revised draft of the Business Combination Agreement, which provided for the following material modifications, among others: (i) making HVII solely responsible for payment of all filing fees related to the Business Combination, (ii) making the Minimum Cash Condition a unilateral closing condition in favor of ONE Nuclear, and (iii) removing the mutual termination right if certain PIPE Investment subscription agreements have not been executed by December 31, 2025.

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On September 30, 2025, HVII and ONE Nuclear amended the LOI to extend the exclusivity period until October 17, 2025.

On October 8, 2025, the HVII Board held a meeting at which CCM presented an update on capital market conditions and the market reaction to other pending De-SPAC business combinations with SMR-focused targets that were anticipated to close in the near-term and to the recently completed Fermi Inc. initial public offering. Additionally, Mr. Taylor presented an update on the ONE Nuclear business model and plans, including efforts to strengthen commercial relationships with multiple SMR providers beyond Rolls-Royce SMR in order to expand ONE Nuclear’s supplier options. Additionally, representatives from Teneo presented on the electricity generation market, focusing on gas and nuclear generation, and Sidley provided an update regarding the Business Combination Agreement and key open issues.

On October 15, 2025, representatives of HVII and B. Riley (on behalf of ONE Nuclear) met via videoconference to discuss the key open issues in the Business Combination Agreement, and they agreed to remove the Minimum Cash Condition and the mutual termination right for failure to enter into certain PIPE Investment subscription agreements by December 31, 2025 in order to increase closing certainty, and on October 17, 2025, Sidley sent Nelson Mullins a revised draft of the Business Combination Agreement reflecting these updates.

On October 17, 2025, HVII and