Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 53

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 53
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 as promptly as reasonably possible following
such redemption, subject to the approval of HVII’s remaining shareholders and its board of directors, liquidate and dissolve, subject
in each case to HVII’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law. In such case, HVII’s public shareholders may only receive $10.00 per share, and its share rights will expire worthless.

HVII
may decide not to extend the term it has to consummate its initial business combination, in which case it would redeem its public shares,
and the share rights will be worthless.

HVII
has until the date that is 24 months from the closing of its initial public offering, or until such earlier liquidation date as its board
of directors may approve, to consummate its initial business combination.

If
HVII does not consummate an initial business combination by such deadline, it may decide not to seek to extend the date by which it must
consummate its initial business combination. If HVII does not seek to extend the date by which it must consummate its initial business
combination, and it is unable to consummate its initial business combination within the applicable time period, it will, as promptly
as reasonably possible but not more than ten business days thereafter, redeem the public shares for a pro rata portion of the funds held
in the trust account, subject to its obligations under Cayman Islands law to provide for claims of creditors and the requirements of
other applicable law. In such event, the share rights will be worthless.

If
HVII seeks shareholder approval of its initial business combination, HVII’s management team, sponsor or any of their respective
affiliates may elect to purchase public shares or share rights from public shareholders. This may influence a vote on a proposed initial
business combination and reduce the public “float” of HVII’s Class A ordinary shares.

If
HVII seeks shareholder approval of its initial business combination and does not conduct redemptions in connection with its initial business
combination pursuant to the tender offer rules, HVII’s management team, sponsor or any of their respective affiliates may purchase
public shares or share rights in privately negotiated transactions or in the open market either prior to or following the completion
of HVII’s initial business combination, although they are under no obligation or duty to do so. Any such price per share may be
different than the amount per share a public shareholder would receive if it elected to redeem its shares in connection with