Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 222

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 222
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�Removal of Blank Check Company Provisions.” |

Recommendation of the HVII Board

HVII’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT HVII SHAREHOLDERS VOTE “FOR” THE APPROVAL OF EACH OF THE ADVISORY ORGANIZATIONAL DOCUMENTS PROPOSALS.

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<div align='center'>PROPOSAL NO. 6 — THE INCENTIVE PLAN PROPOSAL</div>

Overview

HVII is asking its shareholders to approve and adopt the New ONE Nuclear Equity Incentive Plan and the material terms thereunder. The New ONE Nuclear Equity Incentive Plan is described in more detail below. A copy of the New ONE Nuclear Equity Incentive Plan is included in this proxy statement/prospectus as Annex F. The following description is qualified in its entirety by reference to the plan document, which is incorporated into this proxy statement/prospectus by reference.

Summary of the New ONE Nuclear Equity Incentive Plan

The following is a brief summary of the New ONE Nuclear Equity Incentive Plan (the “Plan”).

Types of Awards; Shares Available for Awards; Share Counting Rules

The Plan provides for the grant of incentive stock options intended to qualify under Section 422 of the Code, nonqualified stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units (“RSUs”), stock bonus awards and performance compensation awards, as described below (collectively, “awards”).

Awards
(other than substitute awards granted in connection with a corporate transaction) may be made under the Plan for up to [ ]
shares of New ONE Nuclear Common Stock, all of which may be issued as incentive stock options. As of [ ],
the closing stock price of a share of HVII common stock, as reported on the Nasdaq Stock Market LLC, was $[ ]
per share.

In addition, in no event shall the fair market value of awards made under the Plan to any one non-employee director of New ONE Nuclear or its affiliates exceed $[ ], in the aggregate, in any one fiscal year.

Shares covered by awards under the Plan that expire or are terminated, surrendered, or cancelled without having been fully exercised or are forfeited, in whole or in part, or that result in any shares not being issued (including as a result of an award being settled in cash rather than stock) will be added back to the shares reserved for issuance and again be available for the grant of awards under the Plan (subject, in