08:59 AM EDT, 10/23/2025 (MT Newswires) -- ONE Nuclear Energy said it plans to merge with Hennessy Capital Investment VII (HVII) to become a publicly traded company on Nasdaq under the ticker 'ONEN'.

The company said the deal values ONE Nuclear at about $1 billion and could generate up to $210 million in proceeds.

ONE Nuclear said it plans to build up to 2 GW of gas capacity by 2028 and 3 GW of nuclear capacity by 2034 across its first sites in Oklahoma and East Texas to meet energy demand from data centers and industrial users.

The merger is expected to close in H1 2026, it added.