ONE Nuclear Energy Inc.
Develops large-scale power generation that pairs natural gas plants with advanced nuclear small modular reactors.
Power, grid and thermal infrastructure suppliersIndependent Power and Renewable Electricity Producers ·Nasdaq: ONEN · merged with Hennessy Capital Investment Corp. VII (HVII) · closed 23 Sept 2026, listed
Published without a full cross-check. The figures marked “Not cross-checked” were not checked against the filings they cite. Read them in the filing before relying on them.
ONE Nuclear Energy went public through its combination with Hennessy Capital Investment Corp. VII, which closed on 23 September 2026, after holders of 13,809,029 public shares redeemed at the closing vote. It had $1.7 million in cash at closing, the trust cash left after redemptions and payments to New Circle under a prepaid forward purchase agreement, and by 16 October 2026 the company, which has not generated any revenue, had filed no periodic report covering a period after the closing.
As announced, illustrative
At closing
- Revenue, FY2025
- $0 (pre-revenue)1
- SPAC trust at IPO
- $190M2
- Trust cash kept at closing
- $1.7M3
- Financing funded at closing
- Not disclosed
- Cash at closing, before expenses
- Not disclosed
- Financing funded before closing (not in cash at closing)
- Not disclosed
- Committed, not funded at closing
- Not disclosed
- Equity value at closing, common shares at $10.00
- $1.08B3
- Earn-out shares
- Contingent earnout shares to ONE Nuclear Members, one-third each issuable at $12.50, $15.00 and $17.50 share price milestones3
- Other instrument
- B. Riley Promissory Note (B. Riley Principal Capital), maturity extended to December 31, 2026, monthly commitment fee $9,224.98; amount stated is the maximum aggregate principal of advances, not the confirmed outstanding balance3
- Other instrument
- Shares reserved under the 2026 Equity and Incentive Plan (approx. 12% of shares outstanding)3
Latest filings
- Revenue, H1 2026
- $0 (pre-revenue)5
- Cash and cash equivalents, 23 Sept 2026
- Not disclosed
- Share price
- Not yet tracked
Sources and uses, as announced
| Line | Sources | Uses |
|---|---|---|
| One Nuclear Rollover6Not cross-checked | $1B | |
| Cash in Trust6Not cross-checked | $195M | |
| PIPE/Convert6Not cross-checked | $15M | |
| Total6Not cross-checked | $1.21B | |
| Equity Consideration to One Nuclear Equity Holders6Not cross-checked | $1B | |
| Cash to Balance Sheet6Not cross-checked | $174M | |
| Illustrative Transaction Expenses6Not cross-checked | $36M | |
| Total6Not cross-checked | $1.21B |
This record is for informational purposes only. It is compiled from SEC filings and, for share prices, the named market-data provider, with the assistance of AI. Although checked against its sources, it may contain errors or omissions and has not been audited; where it differs from the original filings, the filings prevail. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Past performance does not indicate future results.