Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 114

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 114
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 of and to have consented to the forum provisions in HVII’s share right agreement. If any action, the subject matter of which
is within the scope the forum provisions of the share right agreement, is filed in a court other than a court of the State of New York
or the United States District Court for the Southern District of New York (a “foreign action”) in the name of any holder
of HVII’s share rights, such holder shall be deemed to have consented to: (A) the personal jurisdiction of the state and federal
courts located in the State of New York in connection with any action brought in any such court to enforce the forum provisions (an “enforcement
action”), and (B) having service of process made upon such share right holder in any such enforcement action by service upon such
share right holder’s counsel in the foreign action as agent for such share right holder.

  64  

This
choice-of-forum provision may limit a share right holder’s ability to bring a claim in a judicial forum that it finds favorable
for disputes with HVII, which may discourage such lawsuits. Alternatively, if a court were to find this provision of HVII’s share
right agreement inapplicable or unenforceable with respect to one or more of the specified types of actions or proceedings, HVII may
incur additional costs associated with resolving such matters in other jurisdictions, which could materially and adversely affect HVII’s
business, financial condition and results of operations and result in a diversion of the time and resources of HVII’s management
and board of directors.

Because
each unit contains one right to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation of HVII’s initial
business combination, and only whole shares will be issued in exchange for share rights, the units may be worth less than units of other
SPACs.

Except
in cases where HVII is not the surviving company in a business combination, each holder of a share right will automatically receive one-twelfth
(1/12) of one Class A ordinary share upon consummation of HVII’s initial business combination. In the event HVII will not be the
surviving company upon completion of HVII’s initial business combination, each holder of a share right will be required to affirmatively
convert its share rights in order to receive the one-twelfth (1/12) of one Class A ordinary share underlying each share right upon consumm