Hennessy Capital VII converts 250K Class B shares
The merger terms also describe a second one-for-one conversion, from Class A ordinary shares into ONE Nuclear Energy Inc. successor shares.
Rhea-AI Filing Summary
Hennessy Capital Investment Corp. VII (HVII), identified as the predecessor issuer, had a reported conversion on September 23, 2026 involving 250,000 Class B ordinary shares and 250,000 Class A ordinary shares; 250,000 Class A ordinary shares were listed after the transaction. The merger terms describe one-for-one conversion from Class B to Class A, followed by conversion of Class A shares one-for-one into ONE Nuclear Energy Inc. successor shares. Nicholas Boris Geeza, identified as CFO of the predecessor issuer, had pecuniary interests through HC VII Sponsor LLC, but the footnote says he had no voting or dispositive control.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B ordinary shares F1, F2, F4, F3 | 250,000 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares F1, F3, F2, F4 | 250,000 | -- | -- |
Footnotes (4)
- F1. Pursuant to the business combination agreement dated October 22, 2025 (the "Merger Agreement"), among other things, at the closing of the transactions contemplated thereby (the "Closing," and the date on which the Closing occurred, the "Closing Date") and following the Domestication (as defined below), Hennessy Capital Investment Corp. VII, a Cayman Islands exempted company with limited liability (the "Predecessor Issuer"), was renamed "ONE Nuclear Energy Inc." ("Successor Issuer") and consummated its initial business combination with ONE Nuclear Energy LLC, a Delaware limited liability company ("ONE Nuclear"), with ONE Nuclear being the surviving company. Following the Closing, ONE Nuclear became a direct wholly-owned subsidiary of the Successor Issuer.
- F2. Pursuant to the Merger Agreement, on the Closing Date prior to the Closing, each then issued and outstanding Class B ordinary share, par value $0.0001 per share, of the Predecessor Issuer (each a "Class B Ordinary Share") converted (the "Sponsor Share Conversion") automatically, on a one-for-one basis, into one Class A ordinary share, par value $0.0001 per share, of the Predecessor Issuer (each a "Class A Ordinary Share").
- F3. Pursuant to the Merger Agreement, immediately after the Sponsor Share Conversion, the Predecessor Issuer transferred by way of continuation and deregistration to and domesticated as a Delaware corporation (such continuation and domestication, the "Domestication"). In connection with, and after giving effect to, the Domestication, each then issued and outstanding Class A Ordinary Share converted automatically, on a one-for-one basis, into one share of common stock, par value $0.0001 per share, of the Successor Issuer (each, a "Successor Share"), and the Successor Issuer became the successor issuer to the Predecessor Issuer. The conversion of the Class A Ordinary Shares into Successor Shares did not alter the proportionate interests of the security holders, and accordingly the conversion is exempt from Section 16 of the Securities Exchange Act of 1934, as amended.
- F4. The reporting person also has pecuniary interests in securities through his membership interest in HC VII Sponsor LLC, over which the reporting person does not have voting or dispositive control.
Key Figures
Key Terms
Domestication technical
pecuniary interests financial
dispositive control regulatory
FAQ
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Was the HVII conversion made under a Rule 10b5-1 plan?
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