Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 145

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 145
---
 the Business Combination, New ONE Nuclear will face increased legal, accounting, administrative and other costs and expenses as a public company that ONE Nuclear does not incur as a private company. The Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), including the requirements of Section 404, as well as rules and regulations subsequently implemented by the SEC, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and the rules and regulations promulgated and to be promulgated thereunder, Public Company Accounting Oversight Board (the “PCAOB”) and the securities exchanges, impose additional reporting and other obligations on public companies. Compliance with public company requirements will increase costs and make certain activities more time-consuming. A number of those requirements will require New ONE Nuclear to carry out activities ONE Nuclear has not done previously. For example, New ONE Nuclear will create new board committees and adopt new internal controls and disclosure controls and procedures. In addition, expenses associated with SEC reporting requirements will be incurred. Furthermore, if any issues in complying with those requirements are identified (for example, if the auditors identify a material weakness or significant deficiency in the internal control over financial reporting), New ONE Nuclear could incur additional costs rectifying those issues, and the existence of those issues could adversely affect New ONE Nuclear’s reputation or investor perceptions of it. It may also be more expensive to obtain director and officer liability insurance. Risks associated with New ONE Nuclear’s status as a public company may make it more difficult to attract and retain qualified persons to serve on the New ONE Nuclear Board or as executive officers. The additional reporting and other obligations imposed by these rules and regulations will increase legal and financial compliance costs and the costs of related legal, accounting and administrative activities. These increased costs will require New ONE Nuclear to divert a significant amount of money that could otherwise be used to expand the business and achieve strategic objectives. Advocacy efforts by holders of New ONE Nuclear Common Stock and third parties may also prompt additional changes in governance and reporting requirements, which could further increase costs.

New ONE Nuclear’s failure to timely and effectively implement controls and procedures required by Section 404(a) of the Sarbanes-Oxley Act that will be applicable to it after the Business Combination is consummated could have a material adverse effect on its business.

ONE Nuclear is currently not subject to Section 404 of the Sarbanes-Oxley Act. However, following the consummation of the Business Combination, New ONE Nuclear will be required to provide