Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 194

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 194
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 of the foregoing:

| (a) | each                                                                                           
 ONE Nuclear Unit that is owned by HVII, Merger Sub or ONE Nuclear (in treasury or otherwise)   
 immediately prior to the Effective Time (each, an “Excluded Unit”) will be cancelled           
 and will cease to exist and no consideration will be delivered in exchange therefor; and       |
| (b) | each                                                                                           
 ONE Nuclear Unit that is issued and outstanding immediately prior to the Effective Time (other 
 than Excluded Units) will be cancelled and converted into the right to receive:                |

| (i)  | a                                                                                               
 number of shares of New ONE Nuclear Common Stock (the “Per Unit Base Consideration”)            
 equal to (x) the Base Purchase Price divided by (y) the Redemption Price and further divided    
 by (z) the sum of the aggregate issued and outstanding ONE Nuclear Units, whether vested        
 or unvested, and the aggregate number of ONE Nuclear Units issuable, exercisable, exchangeable  
 or convertible into ONE Nuclear Units (on an as-converted basis) (the “ONE Nuclear              
 Fully Diluted Capital); and                                                                     |
| (ii) | subject                                                                                         
 to the vesting conditions specified in Section 2.03 of the Business Combination Agreement,      
 a number of shares of New ONE Nuclear Common Stock equal to the applicable number of Earnout    
 Shares divided by the ONE Nuclear Fully Diluted Capital (the “Per Unit Earnout Consideration”); |

provided that the Per Unit Base Consideration and the Per Unit Earnout Consideration received in respect of a ONE Nuclear Unit subject to vesting or forfeiture provisions will continue to have, and be subject to, the same vesting and forfeiture provisions applicable to such ONE Nuclear Unit immediately prior to the Effective Time.

In addition, all of Merger Sub’s outstanding membership interests immediately prior to the Effective Time will automatically be cancelled and converted into validly issued, fully paid and non-assessable membership interests of ONE Nuclear, which membership interests will constitute the only outstanding membership interests in ONE Nuclear.

Earnout

During the Earnout Period, HVII will issue, in addition to the consideration issued at Closing, up to 13.0 million shares of New ONE Nuclear Common Stock to the ONE Nuclear Members as follows upon the satisfaction of the following milestones:

| (a) | Upon                                                                                           
 the occurrence of the closing sale price of one share of New ONE Nuclear Common Stock as       
 reported on Nasdaq (or the exchange on which the shares of New ONE