Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 193

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 193
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 and ONE Nuclear may agree.

Preliminary Transactions; Domestication

Subject to satisfaction or waiver of the closing conditions under the Business Combination Agreement (as described below), prior to the Closing on the Closing Date, the following events will occur in connection with HVII changing its jurisdiction of organization from the Cayman Islands to Delaware:

| (k) | each                                                                                                     
 then issued and outstanding HVII Class B Ordinary Share will convert automatically, on a                 
 one-for-one basis, into one HVII Class A Ordinary Share (the “Sponsor Share Conversion”);                |
| (l) | immediately                                                                                              
 after the Sponsor Share Conversion, HVII will transfer by way of continuation and deregistration         
 to and domesticate as a Delaware corporation (such continuation and domestication, the “Domestication”); 
 and                                                                                                      |
| (m) | in                                                                                                       
 connection with, and after giving effect to, the Domestication, (i) each then issued and                 
 outstanding Class A Ordinary Share will convert automatically, on a one-for-one basis, into              
 one share of New ONE Nuclear Common Stock, (ii) each then issued and outstanding HVII Right              
 will convert automatically into a right to acquire one-twelfth (1/12) of one share of New                
 ONE Nuclear Common Stock at Closing (each a “Domesticated HVII Right”), and (iii)                        
 each then issued and outstanding unit of HVII will be cancelled, and one share of New ONE                
 Nuclear Common Stock and one Domesticated HVII Right will be issued in respect thereof.                  |

| 130 |

For more information regarding the Domestication, see the section of this proxy statement/prospectus entitled “ The Domestication Proposal”.

Consideration; Conversion of Securities

Pursuant to the terms of the Business Combination Agreement, the aggregate consideration to be paid to the ONE Nuclear Members at the Closing is $1.00 billion (the “Base Purchase Price”). The Base Purchase Price will be paid entirely in stock, comprised of newly issued shares of New ONE Nuclear Common Stock, at a price per share equal to the Redemption Price. In addition, the ONE Nuclear Members will be entitled to receive up to an aggregate of 13.0 million additional shares of New ONE 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