ONE Nuclear (ONEN) Director Allen Grant Exercises 25,000 Shares

What Happened

• Allen Grant (listed as a director of the Predecessor Issuer) reported an exercise/conversion of derivative securities on 2026-09-23. The filing shows he acquired 25,000 shares via exercise/conversion (code M) and disposed of 25,000 shares as a derivative transaction with $0.00 proceeds.
• No cash proceeds or per-share price is reported for the acquisition (N/A), and the disposal is reported at $0.00, so the reported monetary value of the transaction is $0.

Key Details

• Transaction date: 2026-09-23 (same date as filing; timely).
• Transaction codes: M (exercise or conversion of derivative security).
• Shares reported acquired: 25,000 (price N/A). Shares disposed: 25,000 (price $0.00; proceeds $0).
• Shares owned after the transaction: Not specified in the filing.
• Footnotes: Transactions occurred in connection with the closing of the business combination, Sponsor Share Conversion, and domestication (see F1–F3). The conversion of Predecessor shares into Successor shares was stated to be exempt from Section 16. The reporting person also has pecuniary interests via HC VII Sponsor LLC (F4).

Context

• Code M indicates an exercise or conversion of a derivative (e.g., options, warrants, or sponsor shares converting). The $0.00 disposal and the footnotes tie these entries to corporate restructuring tied to the merger/domestication—not a typical open-market sale for cash.
• Such conversion/exercise entries related to business combinations often reflect administrative/legal share conversions rather than a discretionary trade signaling personal liquidity or market view.