Mergers & Acquisitions ·
ONE Nuclear Energy Inc. closes business combination, redeems 13.8M shares for $146.5 million to advance 5 GW power portfolio
HVIIONE Nuclear Energy Inc.
ONE Nuclear Energy Inc., formerly Hennessy Capital Investment Corp. VII, closed its business combination with ONE Nuclear Energy LLC on September 23, 2026, resulting in the company's domestication as a Delaware corporation and renaming to ONE Nuclear Energy Inc. The combined entity commenced trading on Nasdaq under the ticker symbol "ONEN" on September 24, 2026. In connection with the closing, HVII redeemed 13,809,029 Class A ordinary shares for approximately $10.61 per share, totaling an aggregate payment of roughly $146.5 million, leaving approximately $2.2 million in the trust account. The transaction positions ONE Nuclear to advance a 5 GW portfolio of nuclear, natural gas, and battery storage projects, including Project Amberjack (up to 1 GW SMR), Project Cayman (2.88 GW natural gas plus storage), and Project Barracuda (1.2 GW natural gas plus storage). The company operates in the advanced nuclear energy and large-scale infrastructure development sector.