Hennessy VII and ONE Nuclear File Amended Registration Statement for Merger

Hennessy Capital Investment Corp. VII and ONE Nuclear Energy announced the filing with the U.S. Securities and Exchange Commission on April 3 of an amended registration statement on Form S-4 in connection with their proposed business combination. The Registration Statement includes a preliminary proxy statement/prospectus and has not yet been declared effective. The filing of the amended Registration Statement represents a step toward completing the previously announced proposed business combination between Hennessy VII and ONE Nuclear. The amended Registration Statement includes updated information regarding the proposed transaction and incorporates recent developments. Concurrently with the filing of the amended Registration Statement, Hennessy VII filed an updated investor presentation, providing enhanced details about ONE Nuclear's priority development sites and illustrative development timeline and unit economics. Hennessy VII entered into a business combination agreement with ONE Nuclear on October 23, pursuant to which, following consummation of the transaction, the combined company is expected to be listed on Nasdaq under the ticker symbol "ONEN." Completion of the transaction is subject to approval by Hennessy VII's shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. The proposed transaction is expected to provide up to approximately $210M in gross proceeds, from a combination of anticipated PIPE proceeds and up to $195M of cash held in Hennessy VII's trust account, before accounting for potential redemptions and transaction expenses. Proceeds are expected to be used to support ONE Nuclear's development activities and to fund transaction-related costs.