Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 211

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 211
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 of directors, such as under the business judgment          
 rule and other standards. Because the judicial system is based largely on legal precedents,        
 the abundance of Delaware case law provides clarity and predictability to many areas of corporate  
 law. We believe such clarity would be advantageous to New ONE Nuclear, the New ONE Nuclear         
 Board and management to make corporate decisions and take corporate actions with greater           
 assurance as to the validity and consequences of those decisions and actions. Further, investors   
 and securities professionals are generally more familiar with Delaware corporations, and           
 the laws governing such corporations, increasing their level of comfort with Delaware corporations 
 relative to other jurisdictions. The Delaware courts have developed considerable expertise         
 in dealing with corporate issues, and a substantial body of case law has developed construing      
 Delaware law and establishing public policies with respect to corporate legal affairs. Moreover,   
 Delaware’s vast body of law on the fiduciary duties of directors provides appropriate              
 protection for New ONE Nuclear’s stockholders from possible abuses by directors and                
 officers.                                                                                          |
| ● | Increased                                                                                          
 Ability to Attract and Retain Qualified Directors. Reincorporation from the Cayman Islands         
 to Delaware is attractive to directors, officers, and stockholders alike. New ONE Nuclear’s        
 incorporation in Delaware may make New ONE Nuclear more attractive to future candidates for        
 the New ONE Nuclear Board, because many such candidates are already familiar with Delaware         
 corporate law from their past business experiences. To date, we have not experienced difficulty    
 in retaining directors or officers, but directors of public companies are exposed to significant   
 potential liability. Thus, candidates’ familiarity and comfort with Delaware laws –                
 especially those relating to director indemnification (as discussed below) – draw such             
 qualified candidates to Delaware corporations. The HVII Board therefore believes that providing    
 the benefits afforded directors by Delaware law will enable New ONE Nuclear to compete more        
 effectively with other public companies in the recruitment of talented and experienced directors   
 and officers. Moreover, Delaware’s vast body of law on the fiduciary duties of directors           
 provides appropriate protection for our stockholders from possible abuses by directors and         
 officers.                                                                                          
 The frequency of claims and litigation pursued against directors and officers has greatly          
 expanded the risks facing directors and officers of corporations in carrying out their respective  
 duties. The amount of time and money required to respond to such claims and to defend such         
 litigation can be substantial. While both Cayman Islands and Delaware law permit a corporation     
 to include a provision in its governing documents to reduce or eliminate the monetary liability    
 of