Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 22

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 fees, respectively.

The Company entered into an agreement with the CFO, commencing on January
17, 2025, to pay an aggregate of $10,000 per month for services prior to the consummation of the Company’s Business Combination
or until the Company’s liquidation. For the three and nine months ended September 30, 2025, the Company incurred $30,000 and $84,839,
respectively, under this agreement with the CFO and are included in accounts payable and accrued expenses on the balance sheet as of September
30, 2025. The Company has agreed to pay consulting and advisory fees of $11,000 per month, with a discretionary annual bonus of up to
$25,000, to an affiliate of the Sponsor for services related to the execution and consummation of a Business Combination, which payments
commenced in September 2025. An aggregate of approximately $9,068 was charged to operations for the
three months and nine months ended September 30, 2025 for such consulting and advisory services. In addition, in January
2025, the Company began to compensate a Vice President of the Company $16,500 per month, with a discretionary annual bonus of up to $165,000,
for her services. An aggregate of approximately $44,406 and $136,771, respectively, was charged to operations for the three months
and nine months ended September 30, 2025, respectively, for such services.

    13

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(UNAUDITED)

NOTE
6 — COMMITMENTS AND CONTINGENCIES

Risks
and Uncertainties

The
United States and global markets are experiencing volatility and disruption following the geopolitical instability resulting from the
ongoing Russia-Ukraine conflict, the Israel-Hamas war and the conflict between Israel and Iran, as well as recent developments to U.S.
tariff policies. In response to the ongoing Russia-Ukraine conflict, the North Atlantic Treaty Organization (“NATO”) deployed
additional military forces to eastern Europe, and the U.S., the United Kingdom, the European Union and other countries have announced
various sanctions and restrictive actions against Russia, Belarus and related individuals and entities, including the removal of certain
financial institutions from the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) payment system. Certain