Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 173

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 173
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 solicitation process. HVII will pay that firm a fee of $[___] plus out-of-pocket expenses. Such fee will be paid with funds available at the Closing.

HVII will ask banks, brokers and other institutions, nominees and fiduciaries to forward the proxy materials to their principals and to obtain their authority to execute proxies and voting instructions. HVII will reimburse them for their reasonable expenses.

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<div align='center'>THE BUSINESS COMBINATION</div>

The Background of the Business Combination

The Business Combination with ONE Nuclear is a result of a thorough search for a potential transaction using the extensive network and investing and operating experience of HVII’s management team and the HVII Board. The terms of the Business Combination Agreement are the result of arm’s-length negotiations between representatives of HVII and ONE Nuclear. The following is a brief discussion of the background of these negotiations and the terms of the Business Combination.

Timeline of the General Search Process

HVII is a blank check company incorporated as a Cayman Islands exempted company on September 27, 2024, for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Hennessy Capital Group, LLC, a Delaware limited liability company (“HCG”), is the sole managing member of the Sponsor. Daniel J. Hennessy, HVII’s Chairman and Chief Executive Officer, and Thomas D. Hennessy, HVII’s President and Chief Operating Officer and Director, are the managing members of HCG.

In January 2025, HVII completed its IPO of 19,000,000 HVII Units, which included 1.5 million HVII Units sold pursuant to the partial exercise of the IPO underwriters’ over-allotment option), each HVII Unit consisting of one HVII Class A Ordinary Share and one HVII Right, generating total gross proceeds of $190,000,000. Substantially concurrently with the closing of the IPO, HVII consummated the private placement of 690,000 Private Placement Units at a price of $10.00 per Private Placement Unit to the Sponsor and the IPO underwriters, generating gross proceeds of $6,900,000. Of the 690,000 Private Placement Units, 500,000 Private Placement Units were purchased by the Sponsor and 190,000 Private Placement Units were purchased by the IPO underwriters.

Prior to the consummation of the IPO, neither HVII, nor