Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 354

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 354
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 market participation. Compliance obligations may change over time as federal and state policy evolves, and failure to obtain or maintain required authorizations could delay or impair project development.

| 230 |

Nuclear Licensing and Regulation

ONE Nuclear’s planned SMR facilities will be subject to comprehensive regulation by the U.S. Nuclear regulatory Commission (“NRC”), which exercises federal jurisdiction over the licensing, construction, operation and decommissioning of commercial nuclear reactors.

Key NRC requirements applicable to ONE’s SMR development include:

| ● | Reactor                            
 design certification and approval. |

| ○ | Deployment                                                                                      
 of SMRs generally requires NRC approval of the underlying reactor design or licensing framework 
 for non-light-water concepts.                                                                   |

| ● | Site                               
 licensing and environmental review |

| ○ | Each                                                                                          
 SMR site must undergo detailed environmental analysis under the National Environmental Policy 
 Act (“NEPA”), along with site-specific safety evaluations.                                    |

| ● | Construction                   
 permits and operating licenses |

| ○ | SMRs                                                                          
 may require either a combined license (“COL”), or sequential construction and 
 operating approvals, depending on the regulatory path selected.               |

| ● | Physical                                         
 security, safeguards and fuel-cycle requirements |

| ○ | Facilities                                                                                  
 must comply with strict standards regarding materials control, emergency planning, physical 
 security, cybersecurity and spent fuel storage.                                             |

| ● | Decommissioning         
 and financial assurance |

| ○ | Owners                                                                                               
 of nuclear facilities must maintain decommissioning funds and adhere to NRC-approved decommissioning 
 plans.                                                                                               |

Nuclear licensing can be a lengthy and resource-intensive process. The timing, cost, and ultimate outcome depend on regulatory capacity, stakeholder engagement, design maturity and evolving federal policy. NRC regulatory developments may materially affect ONE Nuclear’s project timelines.

Environmental and Energy Regulation

ONE Nuclear’s projects are subject to a wide range of federal and state environmental statutes and regulations, including but not limited to:

| ● | Clean                                                                                        
 Air Act (CAA) – governing air emissions from natural-gas facilities and certain construction 
 activities.                                                                                  |

| ● | Clean                                                                              
 Water Act (CWA) – regulating water withdrawals, discharges, cooling-water systems, 
 and stormwater management.                                                         |

| ● | Endangered                                                                         
 Species Act (ESA) – requiring review of potential impacts on protected species and 
 habitats.                                                                          |

| ● | National                                                                                            
 Environmental Policy Act (NEPA) – requiring detailed environmental assessments or environmental     
 impact statements for certain federal