Hennessy Capital VII director converts 25,000 shares
Rhea-AI Filing Summary
Hennessy Capital Investment Corp. VII, later renamed ONE Nuclear Energy Inc., was the predecessor issuer in the business combination under which Brian Bonner, identified as a director of the predecessor issuer, reported conversion of 25,000 Class B ordinary shares into 25,000 Class A ordinary shares on September 23, 2026, automatically one-for-one. The Class A ordinary shares then converted automatically one-for-one into successor common stock in the domestication. The transaction table reports 25,000 Class A ordinary shares following the conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,000 shares exercised/converted
Exercise
2 txns
Insider
Bonner Brian
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class B ordinary shares F1, F2, F4, F3 | 25,000 | $0.00 | $0.00 |
| Exercise | Class A ordinary shares F1, F3, F2, F4 | 25,000 | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 0 contracts (Direct);
Class A ordinary shares — 25,000 shares (Direct)
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
Class B ordinary shares converted: 25,000 shares
Class A ordinary shares received: 25,000 shares
Class A ordinary shares following transaction: 25,000 shares
3 metrics
Class B ordinary shares converted
25,000 shares
September 23, 2026; converted one-for-one
Class A ordinary shares received
25,000 shares
Converted from Class B ordinary shares
Class A ordinary shares following transaction
25,000 shares
Reported after the conversion
Key Terms
Sponsor Share Conversion, Domestication, Successor Share
3 terms
Domestication technical
"such continuation and domestication"
Domestication is the legal process by which a company changes its official ‘legal home’ from one place to another without creating a new business entity, similar to moving a household’s registration from one city to another while keeping the same people and possessions. It matters to investors because it can alter which laws, tax rules, reporting standards and shareholder rights apply, potentially affecting costs, governance and the value or liquidity of the company’s shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was Brian Bonner’s HVII transaction made under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for Brian Bonner’s transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.