Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 31

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 EVENTS

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited condensed
financial statements were issued. The Company has concluded that all such events and transactions that would require adjustment or disclosure
in the unaudited condensed financial statements have been recognized or disclosed, which include the following:

On
October 22, 2025, the Company, Solis Merger Sub LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of the
Company (“Merger Sub”), and ONE Nuclear Energy LLC, a Delaware limited liability company (the “ONE Nuclear”),
entered into a business combination agreement (the “Business Combination Agreement”) that contemplates a $1.0 billion equity
valuation of ONE Nuclear and an all-stock combination transaction (the “Proposed Business Combination). ONE Nuclear is an independent
developer of large-scale energy solutions powered by natural gas and advanced nuclear small modular reactor (SMR) technologies.

Pursuant
to the Business Combination Agreement, the parties thereto will enter into a business combination transaction by which, among other things,
(i) the Company will transfer by way of continuation and deregistration to and domesticate as a Delaware corporation (the “Domestication”)
and (ii) Merger Sub will merge with and into ONE Nuclear (the “Merger”), with ONE Nuclear being the surviving entity of the
Merger and becoming a direct, wholly-owned subsidiary of the Company. Upon closing of the Merger (the “Closing,” and the
date on which the Closing occurs, the “Closing Date”), ONE Nuclear will become a direct, wholly-owned subsidiary of the Company,
and the Company will be a publicly traded company operating under the name “ONE Nuclear.” Following the Closing, the Company’s
shares of common stock following the Domestication (“Common Stock”) are expected to trade on Nasdaq under the ticker symbol
“ONEN.”

The
Closing will occur no later than the third business day following the satisfaction or waiver of all of the closing conditions, or at
such other time or in such other manner as agreed upon by the Company and ONE Nuclear in writing.

The
obligations of the parties to consummate the Merger and the other transactions contemplated by the Business Combination Agreement (collectively,
the “Transactions”) are subject to the satisfaction or waiver (where permissible) at or prior to the Closing of customary
closing conditions set forth in the Business Combination Agreement, including: (i) approval of the Transactions by the shareholders