Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 94

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 94
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 will be totally dependent upon the efforts
of HVII’s key personnel, some of whom may join HVII following its initial business combination. The loss of key personnel could
negatively impact the operations and profitability of HVII’s post-combination business.

HVII’s
ability to successfully effect its initial business combination is dependent upon the efforts of HVII’s key personnel. The role
of HVII’s key personnel in the target business, however, cannot presently be ascertained. Although some of HVII’s key personnel
may remain with the target business in senior management or advisory positions following HVII’s initial business combination, it
is likely that some or all of the management of the target business will remain in place. While HVII intends to closely scrutinize any
individuals employed after its initial business combination, it cannot assure investors that the assessment of these individuals will
prove to be correct. These individuals may be unfamiliar with the requirements of operating a company regulated by the SEC, which could
cause HVII to have to expend time and resources helping them become familiar with such requirements. In addition, the officers and directors
of an initial business combination candidate may resign upon completion of HVII’s initial business combination. The departure of
an initial business combination target’s key personnel could negatively impact the operations and profitability of HVII’s
post-combination business. The role of an initial business combination candidate’s key personnel upon the completion of HVII’s
initial business combination cannot be ascertained at this time. Although HVII contemplates that certain members of an initial business
combination candidate’s management team will remain associated with the initial business combination candidate following HVII’s
initial business combination, it is possible that members of the management of an initial business combination candidate will not wish
to remain in place. The loss of key personnel could negatively impact the operations and profitability of HVII’s post-combination
business.

HVII
is dependent upon its executive officers and directors and their departure, or a reduction in the amount of time they can dedicate to
HVII’s initial business combination, could adversely affect HVII’s ability to operate.

HVII’s
operations are dependent upon a relatively small group of individuals and, in particular, its executive officers and directors. HVII
believes that its success depends on the continued service of its executive officers and directors, at least until HVII has completed
its initial business combination. In addition, HVII’s officers and directors are not required to commit any specified amount of