Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 47

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 47
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II Ordinary Shares that exercise their redemption rights with respect to their HVII Ordinary Shares are not expected to be subject to the U.S. federal income tax consequences of the Domestication described below with respect to such redeemed shares.

As discussed more fully under “ Material U.S. Federal Income Tax Considerations for Holders of HVII Class A Ordinary Shares and New ONE Nuclear Common Stock” of this proxy statement/prospectus, Sidley Austin LLP has delivered an opinion that the Domestication should qualify as a reorganization under 368(a)(1)(F) of the Code (an “F Reorganization”). Due to the absence of direct guidance on the application of Section 368(a)(1)(F) of the Code to an entity that holds only investment-type assets such as HVII, whether the Domestication qualifies as an F Reorganization is not entirely clear. Accordingly, due to the absence of such guidance, it is not possible to predict whether the IRS or a court considering the issue would take a contrary position. Assuming that the Domestication qualifies as an F Reorganization, and subject to the “passive foreign investment company” (“PFIC”) rules discussed below and under “ Material U.S. Federal Income Tax Considerations for Holders of HVII Class A Ordinary Shares and New ONE Nuclear Common Stock — II. U.S. Holders — A. Tax Consequences of the Domestication to U.S. Holders — 4. PFIC Considerations”, U.S. Holders (as defined in “ Material U.S. Federal Income Tax Considerations for Holders of HVII Class A Ordinary Shares and New ONE Nuclear Common Stock — II. U.S. Holders”) will be subject to Section 367(b) of the Code in connection with the Domestication and, as a result:

| ● | a                                                                                                                                     
 U.S. Holder who beneficially owns (directly, indirectly or constructively) 10% or more of the total combined voting power of all      
 classes of HVII shares entitled to vote or 10% or more of the total value of all classes of HVII shares (a “10% U.S. Shareholder”)    
 on the date of the Domestication generally will be required to include in income as a deemed dividend deemed paid by HVII the “all    
 earnings and profits amount” (as defined in the Treasury Regulations under Section 367 of the Code) attributable to the HVII          
 Class A Ordinary Shares held directly by such U.S. Holder;                                                                            |
| ● | a