Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 83

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 83
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 a “controlled
company” and may elect not to comply with certain corporate governance requirements, including the requirements that:

  HVII                                                                                            
  HVII                                                                                            
  HVII                                                                                            

HVII
does not intend to utilize these exemptions and intends to comply with the corporate governance requirements of Nasdaq, subject to applicable
phase-in rules. However, if HVII determines in the future to utilize some or all of these exemptions, shareholders will not have the
same protections afforded to shareholders of companies that are subject to all of Nasdaq corporate governance requirements.

HVII
may be a passive foreign investment company, or “ PFIC,” which could result in adverse U. S. federal income tax consequences
to U. S. investors.

If
HVII is a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U. S. Holder (as defined in the section
of HVII’s final prospectus filed in connection with its initial public offering “ Taxation - Material United States
Federal Income Tax Considerations - U. S. Holders”) of HVII’s Class A ordinary shares or share rights, such U. S. Holder
may be subject to adverse U. S. federal income tax consequences and may be subject to additional reporting requirements. HVII’s
PFIC status for its current and subsequent taxable years may depend on whether it qualifies for the PFIC start-up exception (as defined
in the section of HVII’s final prospectus filed in connection with its initial public offering entitled “ Taxation - 
Material United States Federal Income Tax Considerations - U. S. Holders - Passive Foreign Investment Company Rules”).
Depending on the particular circumstances, the application of the start-up exception may be subject to uncertainty, and there cannot
be any assurance that HVII will qualify for the start-up exception. Accordingly, there can be no assurances with respect to HVII’s
status as a PFIC for its current taxable year or any subsequent taxable year. HVII’s actual PFIC status for any taxable year, however,
will not be determinable until after the end of such taxable year (and, in the case of the start-up exception, potentially not until
after the two taxable years following HVII’s current taxable year).

If
HVII determines it is a PFIC for any taxable year, upon written request by a U. S. Holder, HVII will endeavor to provide to a U. S. Holder
such information as the Internal Revenue