Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 116

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 116
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 terms or at all. This could result in construction delays, contract renegotiations, or asset impairments, any of which would have a material adverse effect on ONE Nuclear’s business, results of operations and cash flows.

Cost overruns and inflationary pressures could materially increase development and operating costs and impact ONE Nuclear’s capital budget and profitability.

Construction at the proposed power projects is expected to span multiple years and include capital-intensive civil, electrical, and mechanical engineering work. The prices of steel, concrete, turbine components, piping systems, data center racks, and high-voltage equipment and the associated labor have experienced material inflation in recent years. Similarly, prices for imported materials, equipment and supplies used in ONE Nuclear’s business may also be negatively impacted by tariff policy, which can be inflationary. If inflation or tariffs affect labor rates, raw materials (e.g., steel, concrete), or specialized equipment, ONE Nuclear’s project budgets may increase significantly. Historically, nuclear projects in the U.S. have experienced budget escalations due to engineering rework, licensing scope changes, and schedule slippage. Similarly, labor costs for skilled construction workers, electricians, and qualified engineers continue to rise.

If inflation persists or accelerates, the cost to complete ONE Nuclear’s power projects may exceed estimates, reducing return on investment and increasing reliance on additional capital raises. While ONE Nuclear has incorporated contingency planning into its baseline financial models, these provisions may not be sufficient to cover real-time market variability. Unexpected inflation or commodity price shocks may necessitate budget revisions or additional capital raising.

Changes in U.S. trade policy, including the imposition of tariffs and the resulting consequences, may have a material adverse impact on ONE Nuclear’s business and results of operations.

The United States government has indicated its intent to adopt a new approach to trade policy and in some cases to renegotiate, or potentially terminate, certain existing bilateral or multi-lateral trade agreements. It has also initiated or is considering the imposition of tariffs on certain foreign goods and products. Changes in United States trade policy have resulted in many United States trading partners adopting responsive trade policies, and additional responsive trade policies could be adopted in the future. These measures could materially increase the costs ONE Nuclear incurs in developing, deploying and maintaining its reactors, gas turbines and other long-lead time components.

ONE Nuclear will depend on a limited number of suppliers, including suppliers of reactors, gas turbines and other long-lead time system components that may be manufactured oversees, to provide ONE Nuclear, directly or through other suppliers, with items such as equipment for