Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 180

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 180
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On September 10, 2025, Mr. Taylor, on behalf of ONE Nuclear, gave a management presentation to the HVII Board about ONE Nuclear’s business plan, including an illustrative timeline of developments, near-term natural gas electricity generation focus, various commercial relationships, the state of SMR technology and discussions with Rolls-Royce SMR, ONE Nuclear’s primary SMR technology provider. Mr. Taylor also answered questions from members of the HVII Board relating to ONE Nuclear’s business.

On September 16, 2025, Nelson Mullins sent Sidley a revised draft of the Business Combination Agreement, which provided for the following material modifications, among others: (i) making HVII solely responsible for payment of all filing fees related to the Business Combination and (ii) making the Minimum Cash Condition a unilateral closing condition in favor of ONE Nuclear.

On September 17, 2025, Nelson Mullins delivered the initial draft of the ONE Nuclear disclosure schedules to Sidley, which were periodically updated and supplemented through the execution of the Business Combination Agreement.

On September 18, 2025, the HVII Board held a meeting and received presentations about the findings from the due diligence reviews conducted by HVII and its advisors, including Teneo, Lockton Companies Inc. (“Lockton”), HVII’s adviser with respect to insurance matters, and Sidley. The Teneo presentation summarized key findings from Teneo’s discussions with key ONE Nuclear commercial partners (excluding Rolls-Royce SMR) and certain key business risks presented by ONE Nuclear’s strategy. During this meeting, Sidley provided an overview to the HVII Board regarding key terms of the draft Business Combination Agreement and the key open issues. CCM also delivered a presentation on the valuation of ONE Nuclear compared to comparable public companies with a significant focus on SMRs.

On September 19, 2025, Nelson Mullins distributed an initial draft of the Member Support Agreement to Sidley, which draft was further negotiated prior to the signing of the Business Combination Agreement to provide for customary updates to certain representations and covenants.

On September 20, 2025, Sidley sent Nelson Mullins a revised draft of the Business Combination Agreement, which provided for the following material modifications, among others: (i) setting November 15, 2025 as the deadline for delivery of ONE Nuclear’s PCAOB audited financial statements, (ii) making the Minimum Cash Condition a mutual condition, (iii) extending the outside date to March 31, 202