Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 77

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 77
---
 required to seek additional financing to complete such proposed
business combination. HVII may also obtain financing prior to the closing of its business combination to fund its working capital needs
and transaction costs in connection with its search for and completion of its business combination. There is no limitation on HVII’s
ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in
connection with its business combination, any backstop or similar agreements HVII may enter into following the consummation of this offering
or otherwise. Subject to compliance with applicable securities laws, HVII would only complete such financing simultaneously with the
completion of HVII’s business combination. If HVII is unable to complete its business combination because it does not have sufficient
funds available to it, HVII will be forced to cease operations and liquidate the Trust Account. In addition, following its business combination,
if cash on hand is insufficient, HVII may need to obtain additional financing in order to meet its obligations.

Off-Balance
Sheet Financing Arrangements

HVII
has no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of June 30, 2025. HVII does not
participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable
interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. HVII has not entered
into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other
entities or purchased any non-financial assets.

Contractual
Obligations

HVII
does not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement
to pay an aggregate of $15,000 per month for office space, utilities and secretarial and administrative support services and an agreement
to pay Nicholas Geeza, HVII’s chief financial officer, an aggregate of $10,000 per month. HVII began incurring these fees on January
17, 2025, and will continue to incur these fees monthly until the earlier of the completion of its business combination and its liquidation.

The
underwriters of HVII’s initial public offering were entitled to a cash underwriting discount of $0.20 per unit, or $3,800,000 in
the aggregate, which was paid to the underwriters in cash at the closing of the initial