Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 175

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 175
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 potential acquisition targets or their 
 representatives; and                                                                       |

| ● | submitted                                                                              
 a non-binding letter of intent with respect to one potential acquisition target (i.e., 
 ONE Nuclear).                                                                          |

HVII’s management team reviewed the potential opportunities, including the Business Combination, based on the same criteria set forth in HVII’s final prospectus for the IPO and other relevant considerations, factors and criteria. HVII’s management team did not pursue a potential transaction with the other potential acquisition targets for a variety of factors, including the inability to reach a valuation that was acceptable to both sides and mutual decisions to pursue potential alternative transactions.

HVII decided to pursue a combination with ONE Nuclear because it determined that ONE Nuclear represented a compelling opportunity based upon ONE Nuclear’s dual natural gas and nuclear power generation development strategy, strong commercial relationships, experienced and committed management team and the significant anticipated growth in global electricity consumption and demand, especially for low-carbon baseload power. For additional details about the HVII Board’s reasons for approving the Business Combination, see the section of this proxy statement/prospectus entitled “ The Business Combination — The HVII Board of Directors’ Reasons for the Approval of the Business Combination.”

HVII and its advisors determined that the other alternative business combination targets were less suitable than ONE Nuclear when taking into account their management teams, strategies, business prospects, structures, valuations and likelihood of execution.

Timeline of the Business Combination

The following chronology summarizes the key meetings and events that led to the execution of the LOI (as defined below) and Business Combination Agreement and other ancillary agreements with ONE Nuclear, but it does not purport to describe all correspondence or communications among representatives of HVII, ONE Nuclear and the other parties involved in the business combination search and negotiation.

During early 2025, ONE Nuclear reviewed and evaluated its opportunities and alternatives for financing development of its initial sites. Such opportunities and alternatives included, among other things, a business combination with a SPAC to raise equity financing and to provide ONE Nuclear with greater access to debt and equity sources in the future. On March 13, 2025, ONE Nuclear engaged B. Riley Securities, Inc. (“B. Riley”) as its financial advisor, and ONE Nuclear and B. Riley agreed to contact SPACs to evaluate the terms of a potential business combination. As compensation for B. Riley’s services, B. Riley is entitled to receive a cash transaction fee payable upon closing of the Business Combination equal to 2% of the aggregate transaction value, which includes the Business Combination