Power Developer One Nuclear to Go Public in US Via SPAC Deal

One Nuclear Energy LLC has agreed to go public through a merger with a blank-check company in a deal that valued the developer of nuclear and natural gas power plants at about $1 billion on an equity basis.

The merger with Hennessy Capital Investment Corp. VII is expected to raise as much as $210 million to help the company develop about 2 gigawatts of gas capacity by 2028, according to a statement reviewed by Bloomberg News. The deal is expected to be completed in the first half of 2026 and One Nuclear plans to trade on the Nasdaq exchange under the symbol ONEN.