Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 162

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 162
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 ONE Nuclear will record a valuation allowance against the total U.S. and state deferred tax assets given the net operating losses as the recoverability of the tax assets is uncertain, the tax provision is zero.

HVII expects that the redemption event and closing of the Business Combination will both occur during 2026. The shares issued for the closing of the Business Combination will exceed the number of shares redeemed in the maximum redemptions scenario. As such, HVII will not be subject to the 1% Federal excise tax and the pro forma financial statements do not reflect any accrual/payment of such tax under the maximum redemptions scenario.

The pro forma basic and diluted earnings per share amounts presented in the unaudited pro forma condensed combined statements of operations are based upon the number of the New ONE Nuclear’s shares outstanding, assuming the Business Combination occurred on September 27, 2024, the beginning of the earliest periods presented.

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The unaudited pro forma condensed combined financial information has been prepared assuming two alternative levels of redemption for cash of HVII Public Shares as of September 30, 2025:

|                                                        |     | As of              
 September 30, 2025 |             |   |     |             |             |   |
|:-------------------------------------------------------|:----|:-------------------|------------:|:--|:----|:------------|------------:|:--|
| (in thousands, except share and per share data)        |     | No                 
 Redemption         |             |   |     | Maximum     
 Redemptions |             |   |
| Net loss                                               |     | $                  |      (1,821 | ) |     | $           |      (1,821 | ) |
| Stockholders’ equity (deficit)                         |     |                    |      35,175 |   |     |             |    (149,029 | ) |
| Weighted average shares outstanding of common stock(1) |     |                    | 125,035,149 |   |     |             | 106,035,149 |   |
| Net loss per common share, basic and diluted           |     | $                  |       (0.01 | ) |     | $           |       (0.02 | ) |
| Book value (deficit) per share                         |     | $                  |        0.28 |   |     | $           |       (1.41 | ) |

| (1) | For the purposes