Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 8

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 the Completion Window or (B) with respect to any other provisions
relating to shareholders’ rights or pre-Business Combination activity. The proceeds deposited in the Trust Account could become
subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Company’s public
shareholders.

The Company will provide
the Company’s public shareholders with the opportunity to redeem all or a portion of their public shares upon the completion of
its Business Combination either in connection with a general meeting called to approve its Business Combination or by means of a tender
offer. The decision as to whether the Company will seek shareholder approval of a proposed Business Combination or conduct a tender offer
will be made by the Company, solely in its discretion. The public shareholders will be entitled to redeem their shares at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to
the consummation of a Business Combination, including interest earned on the funds held in the Trust Account (less permitted withdrawals),
divided by the number of then outstanding public shares, subject to the limitations.

The Class A ordinary
shares subject to redemption were recorded at a redemption value and classified as temporary equity upon the completion of the Initial
Public Offering, in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification
(“ASC”) Topic 480, “Distinguishing Liabilities from Equity.”

The Company will have
only the duration of the Completion Window to complete its Business Combination. However, if the Company is unable to complete its Business
Combination within the Completion Window, the Company will as promptly as reasonably possible but not more than ten business days thereafter,
redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including
interest earned on the funds held in the Trust Account (less the amount of permitted withdrawals and up to $100,000 of interest to pay
dissolution expenses), divided by the number of then outstanding public shares, which redemption will constitute full and complete payment
for the public shares and completely extinguish public shareholders’ rights as shareholders (including the right to receive further
liquidation or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims
of creditors and subject to the other requirements of applicable law.

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HENNESSY CAPITAL INVESTMENT CORP.