Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 179

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 179
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 the representatives of CCM, Messrs. Taylor, Carilli and Dowd, as representatives of ONE Nuclear, and Messrs. Chad Ritchie and Dominic Riley, as the representatives of B. Riley, met for multiple in-person meetings in Miami, Florida, which included a detailed management presentation by ONE Nuclear’s management team, various discussions regarding ONE Nuclear’s business plan, commercial due diligence, investor presentation, marketing efforts and strategy, financing options, potential process timeline and business combination documentation and workstreams.

On August 14, 2025, representatives of Sidley and Nelson Mullins met via videoconference to discuss preliminary legal topics, including legal due diligence and transaction structuring.

On August 18, 2025, HVII engaged Teneo Strategy LLC (“Teneo”) to assist HVII with conducting industry and commercial due diligence on the nuclear SMR industry and ONE Nuclear.

On August 25, 2025, HVII and ONE Nuclear amended the LOI to extend the exclusivity period until September 30, 2025. Also on August 25, 2025, Nelson Mullins delivered an initial draft of the Business Combination Agreement to HVII and Sidley.

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On August 29, 2025, Nelson Mullins and Sidley met telephonically to discuss issues related to the draft Business Combination Agreement.

On September 5, 2025, Sidley sent Nelson Mullins a revised draft of the Business Combination Agreement, which provided for the following material modifications, among others: (i) making the Minimum Cash Condition a mutual closing condition, (iv) splitting filing fees related to the Business Combination evenly between ONE Nuclear and HVII, (iii) expanding the representations made by ONE Nuclear and narrowing the representations made by HVII, (iv) narrowing exceptions to ONE Nuclear’s interim operating covenants, (v) with respect to ONE Nuclear’s and HVII’s closing conditions, revising the “bring-down” standard for certain representations and warranties of ONE Nuclear and HVII, (vi) adding a mutual termination right if the HVII Shareholders fail to approve the Business Combination, (vii) adding an outside date of December 31, 2025, with an automatic extension to March 31, 2026 if certain PIPE Investment subscription agreements are executed by December 31, 2025, and (viii) adding a termination right for HVII if ONE Nuclear’s audited financial statements are not delivered by October 31, 2025.