Hennessy Capital Investment Corp. VII and ONE Nuclear presented a pre-recorded podcast discussing their announced business combination and ONE Nuclear’s multi-technology approach to deliver near-term gas power and longer-term small modular reactor (SMR) nuclear power.
Management cited a $1.1 billion combination announced in October, a $1.0 billion valuation reference, a $17 Benchmark price target, plans for behind-the-meter gas generation delivering first electrons in 2028 and 1 GW of gas power by 2029, and an ordering goal of ~15 GW by 2033. The parties say deSPAC closing and PIPE term sheet finalization are underway and that commercial agreements described remain non-binding.
Hennessy Capital Investment Corp. VII reported net income of $575,611 for the three months ended March 31, 2026, driven mainly by $1.67 million of interest on its trust investments, partly offset by $1.10 million of general and administrative costs.
Cash held in the trust account reached $198.6 million, or about $10.45 per redeemable Class A share, while cash outside the trust was $323,217, leaving working capital of $600,019.
The SPAC has agreed to a proposed all‑stock business combination with ONE Nuclear, valuing the target at $1.0 billion, and on March 31, 2026 extended the deal’s outside date to June 30, 2026. HVII has until January 21, 2027 to complete a business combination, and management states that this deadline and limited liquidity raise substantial doubt about its ability to continue as a going concern if no transaction closes.
Hennessy Capital Investment Corp. VII and ONE Nuclear announced two independent director nominees for the combined public company board. Kyle Crowley and Darryl Willis have agreed to be nominated to ONE Nuclear’s public company board, effective upon closing of the previously announced business combination with HVII. The nominees are expected to chair key board committees: Mr. Crowley for Audit and Mr. Willis for Compensation.
Hennessy Capital Investment Corp. VII (HVII) and ONE Nuclear Energy discussed their proposed business combination and ONE Nuclear’s developer‑owner‑operator model for behind‑the‑meter gas generation and future small modular reactor (SMR) deployments. ONE Nuclear cites >75 sites under evaluation, 1 GW targeted online by end of 2029 with first gas revenues in 2028, and a total potential of 15 GW. Management highlighted a hybrid strategy: fast‑track reciprocating gas engines (partnering with Rolls‑Royce) to generate early cash flow, vendor‑agnostic SMR options for later baseload nuclear, and strategic commercial collaborations including BP Energy, Black & Veatch and others. Transaction closing and NASDAQ listing as ONEN are subject to SEC review and customary closing conditions.
Hennessy Capital Investment Corp. VII filed under Rule 425 to publish a LinkedIn post from ONE Nuclear Energy that reiterates forward-looking statements and outlines certain non-binding commercial relationships and proxy/registration procedures related to the proposed business combination (the “Business Combination”).
The communication emphasizes that described collaborations (including with Rolls‑Royce, Black & Veatch, and FutureWorx) are based on non-binding discussions and remain subject to negotiation and definitive agreements. It points readers to HVII’s Registration Statement on Form S-4 and related proxy materials, and reminds investors to review HVII’s Annual Report on Form 10-K filed March 6, 2026.
Hennessy Capital Investment Corp. VII and ONE Nuclear announced Benchmark Company initiated coverage of Hennessy VII with a Buy rating and a $17.00 price target. Executives will join a Benchmark-hosted fireside chat on May 6, 2026. Hennessy VII has a signed business combination agreement with ONE Nuclear dated October 23, 2025, and the proposed transaction is expected to provide up to approximately $210 million in gross proceeds, including up to $195 million in Hennessy VII’s trust account, subject to shareholder approval, SEC effectiveness of the registration statement, and customary closing conditions.
Hennessy Capital Investment Corp. VII files a Rule 425 transcript of a BofA Virtual Nuclear Conference featuring executives from ONE Nuclear and peer companies describing strategy, timelines, and risks tied to a proposed business combination.
ONE Nuclear describes a dual model: near-term natural gas generation targeting initial revenues by 2028 and a long-term SMR nuclear program targeting 3 gigawatts by 2034. Management stresses flexibility across reactor technologies, supply‑chain and licensing risks, and that certain commercial relationships remain non-binding.
Hennessy Capital Investment Corp. VII and ONE Nuclear Energy presented at the Jefferies Virtual Nuclear Conference and discussed their SPAC combination and development plan. Management said pro forma cash at close will be just under $200 million and pro forma enterprise value about $1.2 billion. They target first behind-the-meter gas power by 2028 and first nuclear power by 2034, aim to develop up to 15 gigawatts across a multi-site pipeline, and expect key PPAs (noted for the Texas site) to drive final investment decisions and project financing.
Hennessy Capital Investment Corp. VII filed an amended Form S-4 on April 3, 2026 in connection with its proposed business combination with ONE Nuclear Energy LLC and concurrently posted an updated investor presentation.
The parties say the proposed transaction is expected to provide up to approximately $210 million in gross proceeds, including up to $195 million of cash held in Hennessy VII’s trust account, before accounting for potential redemptions and transaction expenses. Completion is subject to shareholder approval, SEC effectiveness of the Registration Statement and customary closing conditions.
Hennessy Capital Investment Corp. VII (HVII) and ONE Nuclear Energy amended their Business Combination Agreement and related Promissory Note on March 31, 2026. The Omnibus Amendment extends the outside date to consummate the Business Combination to June 30, 2026 and extends the Promissory Note maturity to June 30, 2026. The Promissory Note originally provided for loan advances up to an aggregate principal amount of $300,000 to cover third‑party legal, accounting, and audit expenses. An amended investor presentation dated April 2026 was furnished.