Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 66

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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 as a result of approving
a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A ordinary shares will not be entitled
to vote on these matters during such time. These provisions of the amended and restated memorandum and articles of association may only
be amended if approved by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in
respect of the consummation of a Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so,
vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company.

Share
Rights — Except in cases where the Company is not the surviving company in a Business Combination, each holder of a Share
Right will automatically receive one-twelfth (1/12) of one Class A ordinary share upon consummation of its Business Combination. The
Company will not issue fractional shares in connection with an exchange of Share Rights. Fractional shares will either be rounded down
to the nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman law. In the event the Company
is not the surviving company upon completion of its Business Combination, each holder of a Share Right will be required to affirmatively
convert his, her or its Share Rights in order to receive the one-twelfth (1/12) of one Class A ordinary share underlying each Share Right
upon consummation of its Business Combination. If the Company is unable to complete its Business Combination within the required time
period and the Company will redeem the public shares for the funds held in the Trust Account, holders of Share Rights will not receive
any of such funds for their Share Rights and the Share Rights will expire worthless.

NOTE
8 — FAIR VALUE MEASUREMENTS

The
fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on the observable inputs and