Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 4

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 in operating assets and liabilities: 

    Prepaid expenses 
     (63,022)
  
    Prepaid insurance 
     (85,938)
  
    Accounts payable and accrued expenses 
     11,931 
  
    Deferred legal fees 
     125,000 
  
    Net cash used in operating activities 
     (488,511)

    Cash flows from investing activities: 

    Investment of cash into Trust Account 
     (190,000,000)
  
    Net cash used in investing activities 
     (190,000,000)

    Cash flows from financing activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     186,200,000 
  
    Proceeds from sale of Private Placement Units 
     6,900,000 
  
    Proceeds from promissory note - related party 
     33,203 
  
    Repayment of promissory note - related party 
     (109,993)
  
    Payment of deferred offering costs 
     (510,412)
  
    Net cash provided by financing activities 
     192,512,798 

    Net change in cash and cash equivalents 
     2,024,287 
  
    Cash and cash equivalents, beginning of the period 
     20,005 
  
    Cash and cash equivalents, end of the period 
    $2,044,292 

    Noncash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $100,000 
  
    Deferred offering costs included in deferred legal fees 
    $150,000 
  
    Deferred underwriting fee payable 
    $7,600,000 

The accompanying notes are an integral part
of the unaudited condensed financial statements.

4

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

NOTE 1 — ORGANIZATION AND BUSINESS OPERATIONS

Hennessy Capital Investment
Corp. VII (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on September 27, 2024.
The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization,
or similar business combination with one or more businesses (a “Business Combination”).

As of March