Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 21

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 the Sponsor, commencing on January 17, 2025 through the earlier of the Company’s consummation of a Business
Combination and its liquidation, to pay an aggregate of $15,000 per month for office space, utilities, and secretarial and administrative
support services. For the three months ended March 31, 2025, the Company incurred and paid $37,258 administrative services fees.

The Company entered
into an agreement with the CFO, commencing on January 17, 2025, to pay an aggregate of $10,000 per month for services prior to the consummation
of the Company’s Business Combination or until the Company’s liquidation. For the three months ended March 31, 2025, the Company
incurred $24,839 under this agreement with the CFO and are included in accounts payable and accrued expenses on the balance sheet as of
March 31, 2025.

    13

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

NOTE 6 — COMMITMENTS AND CONTINGENCIES

Risks
and Uncertainties

The United States and
global markets are experiencing volatility and disruption following the geopolitical instability resulting from the ongoing Russia-Ukraine
conflict and the Israel-Hamas conflict, as well as recent developments to U.S. tariff policies. In response to the ongoing Russia-Ukraine
conflict, the North Atlantic Treaty Organization (“NATO”) deployed additional military forces to eastern Europe, and the U.S.,
the United Kingdom, the European Union and other countries have announced various sanctions and restrictive actions against Russia, Belarus
and related individuals and entities, including the removal of certain financial institutions from the Society for Worldwide Interbank
Financial Telecommunication (“SWIFT”) payment system. Certain countries, including the United States, have also provided and
may continue to provide military aid or other assistance to Ukraine and to Israel, increasing geopolitical tensions among a number of
nations. The invasion of Ukraine by Russia and the Israel-Hamas conflict and the resulting measures that have been taken, and could be
taken in the future, by NATO, the United States, the United Kingdom, the European Union, Israel and its neighboring states and other countries
have created global security concerns that could have a lasting impact on regional and global economies. Although the length and impact
of the ongoing conflicts are highly unpredictable