Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 367

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 367
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 accounting, reporting and financial practices, including the integrity of its financial statements, the surveillance of administrative and financial controls and its compliance with legal and regulatory requirements. Through its regular meetings with management, including the finance, legal, internal audit and information technology functions, the audit committee will review and discuss all significant areas of New ONE Nuclear’s business and summarize for the New ONE Nuclear Board all areas of risk and the appropriate mitigating factors. In addition, the New ONE Nuclear Board will receive periodic detailed operating performance reviews from management.

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Board Committees

After the completion of the Transaction, the standing committees of the New ONE Nuclear Board will consist of an audit committee, a compensation committee and a nominating and corporate governance committee. The New ONE Nuclear Board may from time to time establish other committees.

New ONE Nuclear’s chief executive officer and other executive officers will regularly report to the non-executive directors and the audit committee to ensure effective and efficient oversight of our activities and to assist in proper risk management and the ongoing evaluation of management controls. We believe that the leadership structure of the New ONE Nuclear Board will provide appropriate risk oversight of New ONE Nuclear’s activities.

Audit Committee

Upon the completion of the Transaction, we expect New ONE Nuclear to have an audit committee consisting of Messrs. [ ] (chair) and [ ] and [ ]. Each proposed member of the audit committee is financially literate, qualifies as an independent director under the Nasdaq corporate governance standards and the independence requirements of Rule 10A-3 under the Exchange Act. Following the Merger, the New ONE Nuclear Board will determine which member of its audit committee qualifies as an “audit committee financial expert” as such term is defined in Item 407(d)(5) of Regulation S-K and possesses financial sophistication, as defined under the rules of Nasdaq. The purpose of the audit committee will be to prepare the audit committee report required by the SEC to be included in New ONE Nuclear’s proxy statement and to assist the New ONE Nuclear Board in overseeing and monitoring (1) the quality and integrity of the financial statements, (2) compliance with legal and regulatory requirements, (3) New ONE Nuclear’s independent registered public accounting firm’s qualifications and independence, (4) the performance of New ONE Nuclear’s internal audit function and (5) the performance of New ONE Nuclear’s independent registered public accounting firm.

The New ONE Nuclear Board will adopt a written charter for the audit committee which will be available on New ONE Nuclear’s website upon the completion of the Transaction.

Compensation Committee

Upon the