Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 48

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 48
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 U.S. Holder who, on the date of the Domestication, is not a 10% U.S. Shareholder and whose HVII Class A Ordinary Shares have a fair   
 market value of $50,000 or more on the date of the Domestication generally will recognize gain (but not loss) with respect to its     
 HVII Class A Ordinary Shares as if such U.S. Holder exchanged its HVII Class A Ordinary Shares for shares of New ONE Nuclear Common   
 Stock in a taxable transaction unless such U.S. Holder elects in accordance with applicable Treasury Regulations to include in income 
 as a deemed dividend deemed paid by HVII the “all earnings and profits” amount attributable to such U.S. Holder’s                     
 HVII Class A Ordinary Shares; and                                                                                                     |
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 U.S. Holder who, on the date of the Domestication, is not a 10% U.S. Shareholder and whose HVII Class A Ordinary Shares have a fair   
 market value of less than $50,000 on the date of the Domestication generally will not recognize any gain or loss or include any part  
 of the “all earnings and profits amount” in income under Section 367 of the Code in connection with the Domestication.                |

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As discussed more fully under “ Material U.S. Federal Income Tax Considerations for Holders of HVII Class A Ordinary Shares and New ONE Nuclear Common Stock — II. U.S. Holders — A. Tax Consequences of the Domestication to U.S. Holders — 4. PFIC Considerations”, HVII believes that it is likely classified as a PFIC for U.S. federal income tax purposes for the taxable year of the consummation of the Business Combination. If HVII were classified as a PFIC for U.S. federal income tax purposes, then notwithstanding the U.S. federal income tax consequences of the Domestication discussed in the foregoing, proposed Treasury Regulations under Section 1291(f) of the Code and certain other PFIC rules (which have retroactive effective dates), if finalized in their current form, generally would require a U.S. Holder to recognize gain (but not loss) on the exchange of HVII Class A Ordinary Shares for shares of New ONE Nuclear Common Stock pursuant to the Domestication. Any such gain would be taxable income with no corresponding receipt of cash in the Domestication. The tax on any such gain would be imposed at the rate applicable to ordinary income and an interest charge would apply based on a