Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 39

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 39
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iving any right, title, interest or claim of any kind
in or to monies held in the trust account. HVII’s sponsor will also not be liable as to any claims under HVII’s indemnity
of the underwriters of HVII’s initial public offering against certain liabilities, including liabilities under the Securities Act.
In the event that HVII liquidates and it is subsequently determined that the reserve for claims and liabilities is insufficient, shareholders
who received funds from HVII’s trust account could be liable for claims made by creditors.

If
HVII files a bankruptcy or winding-up petition or an involuntary bankruptcy or winding-up petition is filed against it that is not dismissed,
the proceeds held in the trust account could be subject to applicable bankruptcy or insolvency law, and may be included in HVII’s
bankruptcy or insolvency estate and subject to the claims of third parties with priority over the claims of HVII’s shareholders.
To the extent any bankruptcy or insolvency claims deplete the trust account, there is no assurance that HVII will be able to return $10.00
per share to its public shareholders. Additionally, if HVII files a bankruptcy or winding-up petition or an involuntary bankruptcy or
winding-up petition is filed against it that is not dismissed, any distributions received by shareholders could be viewed under applicable
debtor/creditor and/or bankruptcy and/or insolvency laws as either a “preferential transfer” or a “fraudulent conveyance.”
As a result, a bankruptcy or insolvency court could seek to recover some or all amounts received by HVII’s shareholders. Furthermore,
HVII’s board of directors may be viewed as having breached its fiduciary duty to HVII’s creditors and/or may have acted in
bad faith, and thereby exposing itself and HVII to claims of punitive damages, by paying public shareholders from the trust account prior
to addressing the claims of creditors. There is no assurance that claims will not be brought against HVII for these reasons. Please see
the section of this Report entitled “ Risk Factors - If, after HVII distributes the proceeds in the trust account to its
public shareholders, HVII files a bankruptcy or winding-up petition or an involuntary bankruptcy or winding-up petition is filed against
HVII that is not dismissed, a bankruptcy or insolvency court may seek to recover such proceeds, and HVII and its board may be exposed
to claims of punitive damages.

HVII’s
public shareholders will be entitled to receive funds from the trust account only upon