Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 100

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 100
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 before identifying a business combination, which may deprive HVII of key personnel.

While
there is no current intention to do so, and the members of HVII’s management team and sponsor have not done so with any of their
respective previously formed SPACs, HVII may approve an amendment or waiver of the letter agreement that would allow the sponsor to directly,
or members of its sponsor to indirectly, transfer founder shares and private placement shares or membership interests in its sponsor
in a transaction in which the sponsor removes itself as HVII’s sponsor before identifying a business combination. As a result,
there is a risk that HVII’s sponsor and its officers and directors may divest their ownership or economic interests in HVII or
in its sponsor, which would likely result in HVII’s loss of certain key personnel, including Daniel J. Hennessy, Thomas D. Hennessy
and Nicholas Geeza. There can be no assurance that any replacement sponsor or key personnel will successfully identify a business combination
target for HVII, or, even if one is so identified, successfully complete such business combination.

  57  

Risks
Relating to HVII’s Securities

If
HVII is deemed to be an investment company under the Investment Company Act, it may be required to institute burdensome compliance requirements
and its activities may be restricted, which may make it difficult for HVII to complete its initial business combination.

If
HVII is deemed to be an investment company under the Investment Company Act, its activities may be restricted, including:

  restrictions                           

  restrictions                                                                                 
  on the issuance of securities, each of which may make it difficult for HVII to complete its  
  initial business combination.                                                                
 ───────────────────────────────────────────────────────────────────────────────────────────────

In
addition, HVII may have imposed upon it burdensome requirements, including:

  registration               

  adoption                                        

  reporting,                                                                                  

In
order not to be regulated as an investment company under the Investment Company Act, unless HVII can qualify for an exclusion, it must
ensure that it is engaged primarily in a business other than investing, reinvesting or trading in securities and that its activities
do not include investing, reinvesting, owning, holding or trading “investment securities” constituting more than 40% of its
total assets (exclusive of U. S. government securities and cash items) on an unconsolidated basis. HVII’s business will be to identify