HVII News & Events

ONE Nuclear Energy announced it has signed a Letter of Intent with Sunshine Partners US to evaluate the joint development of power generation projects across a portfolio of five sites representing approximately 18,275 acres located in West Texas. The expansive portfolio, known as the "West Texas Platform," spans five key counties within the ERCOT West market, representing a significant energy infrastructure development opportunity. On October 23, 2025, ONE Nuclear announced that it had entered into a definitive agreement for a business combination with Hennessy Capital Investment Corp

ONE Nuclear Energy announced that Kyle Crowley and Darryl Willis have agreed to be nominated to serve on its public company board of directors, effective upon the closing of ONE Nuclear's previously announced business combination with Hennessy Capital Investment Corp. VII. "We are excited about the nominations of Kyle and Darryl," said Richard Taylor, CEO of ONE Nuclear. "These two strategic nominations will significantly strengthen our public company corporate governance framework and bring invaluable expertise to our company as we work to deploy natural gas and advanced nuclear technologies at scale. Kyle's extensive experience in corporate finance, strategic transactions, and the regulated utility sector, combined with Darryl's deep knowledge of the energy industry's digital transformation and global energy operations, will be instrumental as we execute our strategy to meet the rapidly growing demand for clean, reliable energy solutions. We look forward to benefiting from their guidance and insights as we build energy infrastructure at the scale and speed that the country needs."

Benchmark initiated coverage of Hennessy Capital Investment VII with a Buy rating and $17 price target. ONE Nuclear is a pre-revenue, independent power producer providing energy solutions to datacenter, commercial and industrial customers with a phased gas/nuclear strategy that has identified three sites for potential development with a strategy to initially deliver energy with gas reciprocating engines, to eventually be replaced by nuclear power. 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."

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.