Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 67

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 67
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 Combination Agreement is terminated, the Business Combination Agreement will become void, and there will no liability on the part of any party thereto or any of their respective representatives, and all rights and obligations of each party will cease, except as set forth in the Business Combination Agreement or in the case of a willful and material breach of the Business Combination Agreement or any claim of fraud thereunder. Material Tax Consequences For a detailed discussion of certain U.S. federal income tax consequences and Cayman Islands tax consequences of the Business Combination, see the section of this proxy statement/prospectus entitled “ Material Tax Considerations for Holders of HVII Securities.” Anticipated Accounting Treatment The Business Combination will be accounted for as a reverse recapitalization in accordance with GAAP. Under this method of accounting, although HVII will acquire all of the outstanding equity interests of ONE Nuclear in the Business Combination, HVII will be treated as the “acquired” company and ONE Nuclear will be treated as the accounting acquirer for financial statement reporting purposes. Accordingly, the Business Combination will be treated as the equivalent of ONE Nuclear issuing stock for the net assets of HVII, accompanied by a recapitalization. The net assets of HVII will be stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination will be those of ONE Nuclear. ONE Nuclear has been determined to be the accounting acquirer based on evaluation of the following facts and circumstances under both the No Redemption Scenario and the Maximum Redemptions Scenario: ● The equity holders of ONE Nuclear will have the greatest voting interest in the New ONE Nuclear; ● The equity holders of ONE Nuclear will have the ability to control decisions regarding election and removal of directors and officers of the New ONE Nuclear; ● ONE Nuclear will comprise the ongoing operations of the New ONE Nuclear; and ● ONE Nuclear’s existing senior management will be the senior management of the New ONE Nuclear.

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Appraisal Rights

The Cayman Islands Companies Act prescribes when shareholder appraisal rights are available and sets limitations on such rights. Where such rights are available, shareholders are entitled to receive fair value for their shares. However, regardless of whether such rights are or are not available, shareholders are still entitled to exercise the rights of redemption as set out herein, and the HVII Board has determined that the redemption proceeds payable to shareholders who exercise such redemption rights represents the fair value of those shares. Shareholders of HVII Ordinary Shares will have appraisal rights under the Cayman Islands Companies Act.

Section 238.