Hennessy Capital Investment (HVII) Rebounds 17% After Hours — ONE Nuclear Merger Complete

Hennessy Capital Investment Corp. VII (NASDAQ:HVII) shares gained 17.44%, or $0.78, to $5.24 after the bell on Wednesday, following the company’s business combination with Florida-based advanced nuclear and large-scale energy infrastructure developer ONE Nuclear Energy LLC. Announcement Reverses Intraday Slide The announcement, made after markets closed, resonated positively on the stock market. The surge in the late trading session follows an intraday decline of 50.88% to $4.46, according to Benzinga Pro data. Hennessy VII shareholders approved the deal at an extraordinary general meeting on Aug. 24, the company said. Hennessy VII has since completed its domestication as a Delaware corporation, and ONE Nuclear became its wholly owned subsidiary. The combined company has been renamed ONE Nuclear Energy Inc., with shares expected to begin trading on the Nasdaq Global Market under ticker “ONEN” around Thursday. Nuclear-Gas Platform Aims to Meet AI Power Demand ONE Nuclear pairs natural gas generation with advanced small modular reactor technology to deliver baseload power. Chief Executive Richard Taylor said, “As a public company, we are well positioned to accelerate the development of our integrated natural gas and advanced nuclear platform and help meet the surging demand for reliable, baseload power.” Read Also: Glucotrack Stock Is Trending: Here's Why GCTK Jumped Over 80% After Hours B. Riley Securities Inc. (NASDAQ:RILY) served as financial advisor to ONE Nuclear, while Cohen & Company Capital Markets served as exclusive financial and lead capital markets advisor to Hennessy VII. Trading Metrics, Technical Analysis Hennessy Capital Investment has a market capitalization of $116.06 million, a 52-week high of $12.04 and a 52-week low of $3.69. The company has approximately 19.69 million shares outstanding. The Relative Strength Index (RSI) of HVII stands at 29.71. The stock of the Nevada-based special purpose acquisition company has fallen 56.32% over the past 12 months. HVII is currently trading at about 9% of its 52-week range, meaning it is closer to its 52-week low. See More: Top Value Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: tadamichi on Shutterstock.com