Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 273

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 273
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 Rule 10b5-1 plan, as it will be dependent upon several factors, including but not limited to, the timing and size of such purchases. Depending on such circumstances, HVII’s insiders may either make such purchases pursuant to a Rule 10b5-1 plan or determine that such a plan is not necessary.

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In the event that the Sponsor and HVII’s directors, officers, advisors, or any of their respective affiliates purchase HVII Public Shares or HVII Rights in privately negotiated transactions from HVII Public Shareholders who have already elected to exercise their redemption rights or submitted a proxy to vote against HVII’s initial business combination, such selling HVII Public Shareholders would be required to revoke their prior elections to redeem their shares. The Sponsor and its affiliates have entered into an agreement with HVII, pursuant to which they have agreed to waive their redemption rights with respect to their shares of Founder Shares and HVII Public Shares. HVII does not currently anticipate that such purchases, if any, would constitute a tender offer subject to the tender offer rules under the Exchange Act or a going-private transaction subject to the going-private rules under the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases are subject to such rules, the purchasers will comply with such rules.

The purpose of such purchases would be to ensure that such HVII Public Shares would not be redeemed in connection with an initial business combination. This may result in the completion of HVII’s initial business combination that may not otherwise have been possible. Any such purchases will be reported pursuant to Section 13 and Section 16 of the Exchange Act to the extent such purchasers are subject to such reporting requirements.

In addition, if such purchases are made, the public “float” of HVII Public Shares or HVII Rights may be reduced and the number of beneficial holders of HVII Securities may be reduced, which may make it difficult to maintain or obtain the quotation, listing or trading of HVII Securities on a national securities exchange.

The Sponsor and HVII’s officers, directors, advisors, and/or any of their respective affiliates anticipate that they may identify HVII Public Shareholders with whom the Sponsor or HVII’s officers, directors, advisors, or any of their respective affiliates may pursue privately negotiated purchases by either HVII Public Shareholders contacting HVII directly or by the receipt of redemption requests submitted by HVII Public Shareholders following HVII’s mailing of proxy materials in connection with HVII’s initial business combination. To the extent