Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 77

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 77
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an adverse effect on the price of HVII’s securities.

  43  

The
provisions of HVII’s amended and restated memorandum and articles of association that relate to its pre-business combination activity
(and corresponding provisions of the agreement governing the release of funds from its trust account), including an amendment to permit
HVII to withdraw funds from the trust account such that the per share amount investors will receive upon any liquidation or redemption
is substantially reduced or eliminated, may be amended with the approval of a special resolution which requires the approval of the holders
of at least two-thirds of HVII’s ordinary shares who attend and vote at a general meeting of the company. It may be easier for
HVII to amend its amended and restated memorandum and articles of association and the trust agreement to facilitate the completion of
an initial business combination that some of HVII’s shareholders may not support.

HVII’s
amended and restated memorandum and articles of association provides that any of its provisions related to pre-initial business combination
activity (including the requirement to deposit certain proceeds of HVII’s initial public offering and the private placement of
units into the trust account and not release such amounts except in specified circumstances, and to provide redemption rights to public
shareholders as described herein and including to permit HVII to withdraw funds from the trust account such that the per share amount
investors will receive upon any redemption or liquidation is substantially reduced or eliminated) may be amended if approved by special
resolution, meaning holders of at least two-thirds of HVII’s ordinary shares who attend and vote at a general meeting of the company,
voting together as a single class, and corresponding provisions of the trust agreement governing the release of funds from HVII’s
trust account may be amended if approved by holders of at least two-thirds of HVII’s ordinary shares who attend and vote at a general
meeting of the company; provided that the provisions of HVII’s amended and restated memorandum and articles of association governing
the appointment or removal of directors prior to HVII’s initial business combination and continuing the company in a jurisdiction
outside the Cayman Islands, may only be amended by a special resolution passed by holders representing at least 90% of HVII’s issued
and outstanding Class B ordinary shares. HVII’s initial shareholders, who collectively beneficially own approximately 24% of HVII’s
ordinary shares, will participate in any vote to amend HVII’s amended and restated memorandum and articles of association and/or
trust agreement and