Company: HVIIR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002259
Chunk: 20

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-15
Form: S-1/A
Chunk 20
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 to the initial public offering of Hennessy VII, in line with equity received by outside directors for similar entities. All of our directors, director nominees and officers are individual investors in our sponsor.

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Capital Markets Experience

The Hennessy Capital team believes it has substantial capital markets expertise which will make us an attractive business combination partner to target businesses. As examples of this, the Hennessy Capital team has completed SPAC business combinations with a combined total enterprise value of $6.7 billion (at the time of the business combination), completed ten SPAC IPOs for a total of approximately $2.4 billion and raised over $900 million of PIPE and backstop capital to support its business combinations with footprints across six continents.

In June 2024, Hennessy VI announced its business combination with Namib Minerals, which is expected to close in the first quarter of 2025. The transaction implies a pro forma combined enterprise value for Namib Minerals of approximately $602 million and is expected to provide up to approximately $75 million of net proceeds to support the rapid growth of the company.

Our Established Network of Third-Party Advisors

We intend to utilize what our management team believes is an accomplished and proven network of third-party advisors and relationships to assist with target company origination and evaluation, due diligence and implementation of value creation programs and activities following our initial business combination. With respect to target identification, the Hennessy Capital team has identified, in total, over 1,500 potential targets since 2014 for prior Hennessy SPACs. Our origination activities are a core competency that we believe allow us to select value-maximizing opportunities for our shareholders, consistent with our investment strategy. Once a letter of intent is signed with a target, our team of advisors and consultants is activated and comprehensive due diligence activities are undertaken and overseen by us, including a review of the target’s financial statements and model, IPO readiness, commercial and competitive analysis, operations and performance improvement, strategic growth opportunities as well as customary legal and accounting due diligence. This network of advisors has supported Hennessy Capital since inception in 2013 and is now highly familiar with the SPAC vehicle and our comprehensive due diligence process. We believe that our network of established third party advisors and relationships represents an attractive and differentiated value proposition for investors, sellers, target companies and their management teams. As reflected below, the Hennessy VI management team identified and evaluated over 390 potential acquisition target companies and completed meaningful reviews of 115 potential