Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 250

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 250
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 WITH PFICS ARE VERY COMPLEX AND ARE IMPACTED BY VARIOUS FACTORS IN ADDITION TO THOSE DESCRIBED ABOVE, INCLUDING THE APPLICATION OF THE RULES ADDRESSING OVERLAPS IN THE PFIC RULES AND THE SECTION 367(b) RULES AND THE RULES RELATING TO CONTROLLED NON-U.S. CORPORATIONS. ALL U.S. HOLDERS OF HVII CLASS A ORDINARY SHARES ARE URGED TO CONSULT THEIR TAX ADVISORS REGARDING THE CONSEQUENCES TO THEM OF THE PFIC RULES, INCLUDING, WITHOUT LIMITATION, WHETHER A QEF ELECTION (OR A QEF ELECTION ALONG WITH A PURGING ELECTION), AN MTM ELECTION OR ANY OTHER ELECTION IS AVAILABLE AND WHETHER AND HOW ANY OVERLAP RULES APPLY, AND THE CONSEQUENCES TO THEM OF ANY SUCH ELECTION OR OVERLAP RULE AND THE IMPACT OF ANY PROPOSED OR FINAL PFIC TREASURY REGULATIONS.

B. Tax Consequences to U.S. Holders of HVII Class A Ordinary Shares Exercising Redemption Rights

1. Generally

The U.S. federal income tax consequences to a U.S. Holder of HVII Class A Ordinary Shares that exercises its Redemption Rights with respect to its HVII Class A Ordinary Shares will depend on whether the Redemption qualifies as a sale of shares under Section 302 of the Code or is treated as a distribution under Section 301 of the Code. If the Redemption qualifies as a sale of shares by a U.S. Holder, the tax consequences to such U.S. Holder are as described below under the section entitled “ C. Tax Consequences of Ownership and Disposition of New ONE Nuclear Common Stock — 2. Sale, Taxable Exchange or Other Taxable Disposition of New ONE Nuclear Common Stock”. If the Redemption does not qualify as a sale of shares, a U.S. Holder will be treated as receiving a corporate distribution with the tax consequences to such U.S. Holder as described below under the section entitled “ C. Tax Consequences of Ownership and Disposition of New ONE Nuclear Common Stock — 1. Taxation of Distributions” .

Whether a Redemption of shares qualifies for sale treatment will depend largely on the total number of shares of HVII treated as held by the redeemed U.S. Holder before and after the Redemption relative to all of the stock of HVII outstanding both before and after the Redemption. The Redemption generally will be treated as a sale of shares (rather than as a corporate distribution