Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 58

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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, diluted income per ordinary share is the same as basic income per ordinary share for the periods presented.

The following table
reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 SCHEDULE
OF CALCULATION OF BASIC AND DILUTED NET INCOME PER ORDINARY SHARE

    Redeemable
                                                                                Class A  
    Non-redeemable Class A  
    Class B 

    For the Three Months Ended 

    March 31, 2025 

    Redeemable
                                                                                Class A  
    Non-redeemable Class A  
    Class B 
  
    Basic and diluted net income per ordinary share 

    Numerator: 

    Allocation of net income 
    $695,793  
     25,268  
    $296,946 

    Denominator: 

    Basic and diluted weighted average shares outstanding 
     14,566,667  
     529,000  
     6,216,666 
  
    Basic and diluted net income per ordinary share 
    $0.05  
     0.05  
    $0.05 

    10

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

Share-Based Compensation

The Company records
share-based compensation in accordance with FASB ASC Topic 718, “Compensation-Share Compensation” (“ASC 718”),
guidance to account for its share-based compensation. It defines a fair value-based method of accounting for an employee share option
or similar equity instrument. The Company recognizes all forms of share-based payments at their fair value on the grant date, which are
based on the estimated number of awards that are ultimately expected to vest. Share-based payments are valued using a Black-Scholes option
pricing model. Grants of share-based payment awards issued to non-employees for services rendered have been recorded at the fair value
of the share-based payment, which is the more readily determinable value. The grants are amortized on a straight-line basis over the requisite
service periods, which is generally the vesting period. If an award is granted, but vesting does not occur, any previously recognized
compensation cost is reversed in the period related to the termination of service. Share-based compensation expenses are included in