Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 159

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 159
---
| 102 |

<div align='center'>Adjustments to Unaudited Pro Forma Condensed Combined Statements of Operations</div>

| (1) | Derived                                                                                             
 from the audited statement of operations of HVII for the period from September 27, 2024 (inception) 
 through December 31, 2024.                                                                          |

| (CC) | Represents                                                                                     
 the effect of the pro forma balance sheet adjustment presented in (D) above for the direct,    
 incremental costs of the Business Combination expected to be incurred by HVII. As these costs  
 are directly related to the Business Combination, they are not expected to recur in the income 
 of the New ONE Nuclear beyond 12 months after the Business Combination.                        |

| 103 |

<div align='center'>NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

Basis of Presentation

The Business Combination will be accounted for as a reverse recapitalization in accordance with GAAP as ONE Nuclear has been determined to be the accounting acquirer, primarily due to the fact that ONE Nuclear’s equity holders will continue to control the New ONE Nuclear. Under this method of accounting, although HVII will acquire all of the outstanding equity interests of ONE Nuclear in the Business Combination, HVII will be treated as the “acquired” company for financial reporting purposes. Accordingly, the Business Combination will be treated as the equivalent of ONE Nuclear issuing stock for the net assets of HVII, accompanied by a recapitalization. The net assets of HVII will be stated at historical cost, with no goodwill or other intangible assets recorded. Operations prior to the Business Combination will be those of ONE Nuclear.

The unaudited pro forma condensed combined balance sheet as of September 30, 2025, assumes that the Business Combination and related transactions occurred on September 30, 2025. The unaudited pro forma condensed combined statements of operations for the nine months ended September 30, 2025 and for the period from September 27, 2024 (inception) through December 31, 2024, presents pro forma effect to the Business Combination as if it had been completed on September 27, 2024, the beginning of the earliest periods presented.

The unaudited pro forma condensed combined balance sheet as of September 30, 2025, has been prepared using, and should be read in conjunction with, the following:

The unaudited pro forma condensed combined statement of