Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 178

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 178
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 June 27, 2025 and July 9, 2025 videoconferences. The revised letter of intent provided for the following changes to the June 23, 2025 draft, among others:

| ● | reducing                                                       
 the pre-money equity valuation of ONE Nuclear to $1.0 billion; |

| ● | adding                                                                                          
 an earnout providing for the issuance to the ONE Nuclear Members of up to an additional 13.0    
 million shares of the combined company, one-third of which would be earned upon the achievement 
 during the three-year period following the Closing of the combined company’s share              
 price being greater than or equal to each of the three following share price thresholds:        
 $12.50, $15.00 and $17.50; and                                                                  |

| ● | increasing                                               
 the minimum gross cash closing condition to $50 million. |

On July 21, 2025, B. Riley (on behalf of ONE Nuclear) submitted a revised letter of intent (the “LOI”) to HVII, which provided for the following changes to HVII’s July 18, 2025 draft letter of intent, among others:

| ● | the                                                                                         
 $50 million minimum cash condition would be net of transaction fees and expenses, including 
 any PIPE fees and expenses (the “Minimum Cash Condition”);                                  |

| ● | up                                                                                          
 to 5% of the shares to be issued to ONE Nuclear Members would not be subject to the lock-up 
 solely for the purpose of serving as collateral on loans or margin accounts.                |

On July 23, 2025, HVII and ONE Nuclear executed the LOI.

Beginning July 24, 2025 through the execution of the Business Combination Agreement, representatives of HVII, ONE Nuclear, B. Riley, CCM, financial advisor to HVII, Sidley Austin LLP, legal counsel to HVII (“Sidley”), and Nelson Mullins Riley & Scarborough LLP, legal counsel to ONE Nuclear (“Nelson Mullins”), met regularly with bi-weekly meetings to discuss various topics, including ONE Nuclear’s business and strategy updates, transaction and documentation status, due diligence matters and marketing and communications strategies.

During August 6, 2025 on August 7, 2025, Mr. Daniel Hennessy, Mr. Thomas Hennessy, Mr. Geeza, Ms. Cai and Mr. Grant Allen, a director of HVII, Messrs. Brandon Sun and Thomas Deloache, as