Company: HVIIR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002259
Chunk: 290

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-15
Form: S-1/A
Chunk 290
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 exemption from registration contained in Section 4(a)(2) of the Securities Act.

The founder shares will automatically convert into Class A ordinary shares at the time of our initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to adjustment or potential forfeiture, as described in this prospectus. If we increase or decrease the size of this offering, we will effect a capitalization or share repurchase or redemption or other appropriate mechanism, as applicable, with respect to Class B ordinary shares prior to the consummation of this offering in such amount as to maintain the number of founder shares at 25% of the total number of Class A ordinary shares and Class B ordinary shares outstanding at such time (assuming the underwriters exercise their option to purchase additional units in full and excluding the private placement shares). The Sponsor is an accredited investor for purposes of Rule 501 of Regulation D.

In addition, the Sponsor, Cohen & Company Capital Markets, Clear Street LLC and Loop Capital Markets LLC have subscribed to purchase an aggregate of 675,000 private placement units (or up to 701,250 private placement units if the underwriters’ option to purchase additional units is exercised in full) at a price of $10.00 per private placement unit for a total purchase price of $6,750,000 (or up to $7,012,500 if the underwriters’ option to purchase additional units is exercised in full) in the private placement that will close simultaneously with the closing of this offering. Of those 675,000 private placement units (or up to 701,250 private placement units if the underwriters’ option to purchase additional units is exercised in full), our sponsor has subscribed for 500,000 private placement units (whether or not the underwriters’ option to purchase additional units is exercised in full or at all) and the underwriters have subscribed for 175,000 private placement units (or up to 201,250 private placement units if the underwriters’ option to purchase additional units is exercised in full). Each private placement unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12) of a Class A ordinary share upon the consummation of an initial business combination. This purchase will take place on a private placement basis simultaneously with the completion of our initial public offering. These issuances will be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No underwriting