Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 117

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 117
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 of the United States are, as a matter of the laws of the United States, the sole
and exclusive forum for determination of such a claim.

HVII’s
amended and restated memorandum and articles of association also provide that, without prejudice to any other rights or remedies that
HVII may have, each of its shareholders acknowledges that damages alone would not be an adequate remedy for any breach of the selection
of the courts of the Cayman Islands as exclusive forum and that accordingly HVII shall be entitled, without proof of special damages,
to the remedies of injunction, specific performance or other equitable relief for any threatened or actual breach of the selection of
the courts of the Cayman Islands as exclusive forum.

This
choice of forum provision may increase a shareholder’s cost and limit the shareholder’s ability to bring a claim in a judicial
forum that it finds favorable for disputes with HVII or its directors, officers or other employees, which may discourage lawsuits against
HVII and its directors, officers and other employees. Any person or entity purchasing or otherwise acquiring any of HVII’s shares
or other securities, whether by transfer, sale, operation of law or otherwise, shall be deemed to have notice of and have irrevocably
agreed and consented to these provisions. There is uncertainty as to whether a court would enforce such provisions, and the enforceability
of similar choice of forum provisions in other companies’ charter documents has been challenged in legal proceedings. It is possible
that a court could find this type of provision to be inapplicable or unenforceable, and if a court were to find this provision in the
amended and restated memorandum and articles of association to be inapplicable or unenforceable in an action, HVII may incur additional
costs associated with resolving the dispute in other jurisdictions, which could have an adverse effect on its business and financial
performance.

  66  

The
securities in which HVII invests the funds held in the trust account could bear a negative rate of interest, which could reduce the aggregate
value of the assets held in the trust account such that the per share redemption amount received by public shareholders may be less than
their anticipated per share redemption amount.

The
funds in the trust account may be invested only in U. S. government treasury bills with a maturity of 185 days or less or in money market
funds that meet certain conditions under Rule 2a-7 under the Investment Company Act and that invest only in