Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 114

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 114
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 benefits or financing backstops. In addition, changes to these credits currently under review by President Trump, the U.S. House of Representatives and the U.S. Senate, or under subsequent review in the future, due to tax reforms or political policy redirection initiatives, could materially adversely reduce the return profile of ONE Nuclear’s energy assets.

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ONE Nuclear may be subject to opposition from environmental groups, litigation, or reputational campaigns, which could delay permitting or reduce site flexibility.

New nuclear projects as well as some other types of energy projects (and their associated infrastructure) in the United States frequently face opposition from non-governmental organizations, environmental advocacy coalitions, and some local stakeholders. These groups may challenge NRC proceedings, file administrative appeals, or initiate litigation under NEPA, the Clean Water Act, or the Endangered Species Act (“ESA”) as well as challenge government activities to grant required environmental permits. Even unsuccessful litigation can delay project timelines, increase legal costs, and discourage investors or tenants.

Furthermore, reputational campaigns in media or political venues, particularly those focused on water usage, emissions from backup gas infrastructure, or perceived AI overreach, may generate public controversy that slows permitting or discourages tenant commitments.

In addition, future power projects will interact with environmental and public stakeholder processes, especially regarding land selection, nuclear permitting, air quality emissions, and water usage. Any local opposition or environmental group litigation could restrict ONE Nuclear’s ability to expand or require costly mitigation efforts.

Risks Related to ONE Nuclear’s Governance and Operating Model

ONE Nuclear will rely on a highly concentrated leadership team and may face succession or key personnel risks.

ONE Nuclear is led by a senior management team with extensive experience in the management and development of energy and infrastructure projects. ONE Nuclear’s team includes individuals with deep institutional knowledge of its operating model, site entitlement history, and financing structure. However, ONE Nuclear’s operations and the growth of its business are still dependent on a relatively small group of key personnel. If one or more of ONE Nuclear’s executive officers or senior advisors, including its CEO, CFO, CSO and COO were to become unavailable to ONE Nuclear, ONE Nuclear may not be able to replace their expertise in a timely manner or at all. The loss of their services, and the inability to recruit or retain key personnel, could delay business decisions, impact external relationships, disrupt execution of critical milestones and have a material adverse effect on ONE Nuclear’s business prospects, financial condition and results of operations.

In addition, the success of ONE Nuclear’s operations will depend,