Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 64

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 64
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 Nuclear Common Stock in contingent consideration, subject to the achievement of certain share price milestones, as described below. At the Effective Time, by virtue of the Merger and without any action on the part of HVII, Merger Sub, ONE Nuclear or any holder of securities of any of the foregoing:

| (a) | each                                                                                                                                  
 ONE Nuclear Unit that is owned by HVII, Merger Sub or ONE Nuclear (in treasury or otherwise) immediately prior to the Effective Time  
 (each, an “Excluded Unit”) will be cancelled and will cease to exist and no consideration will be delivered in exchange               
 therefor; and                                                                                                                         |
| (b) | each                                                                                                                                  
 ONE Nuclear Unit that is issued and outstanding immediately prior to the Effective Time (other than Excluded Units) will be cancelled 
 and converted into the right to receive:                                                                                              |

| (i)  | a                                                                                                                                 
 number of shares of New ONE Nuclear Common Stock (the “Per Unit Base Consideration”) equal to (x) the Base Purchase Price         
 divided by (y) the Redemption Price and further divided by (z) the sum of the aggregate issued and outstanding ONE Nuclear Units, 
 whether vested or unvested, and the aggregate number of ONE Nuclear Units issuable, exercisable, exchangeable or convertible into 
 ONE Nuclear Units (on an as-converted basis) (the “ONE Nuclear Fully Diluted Capital”); and                                       |
| (ii) | subject                                                                                                                           
 to the vesting conditions specified in Section 2.03 of the Business Combination Agreement, a number of shares of New ONE Nuclear  
 Common Stock equal to the applicable number of Earnout Shares divided by the ONE Nuclear Fully Diluted Capital (the “Per Unit     
 Earnout Consideration”);                                                                                                          |

provided that the Per Unit Base Consideration and the Per Unit Earnout Consideration received in respect of a ONE Nuclear Unit subject to vesting or forfeiture provisions will continue to have, and be subject to, the same vesting and forfeiture provisions applicable to such ONE Nuclear Unit immediately prior to the Effective Time.

| 32 |

In addition, all of Merger Sub’s outstanding membership interests immediately prior to the Effective Time will automatically be cancelled and converted into validly issued, fully paid and non-assessable membership interests of ONE Nuclear, which membership interests will constitute the only outstanding membership interests in ONE Nuclear. ONE Nuclear Earnout During the Earnout Period, HVII will issue, in addition to the consideration issued at Closing, up to 13.