Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 48

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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 “Sponsor”), and an aggregate of 190,000 Private Placement Units were purchased by the underwriters of the Initial
Public Offering (collectively, the “Underwriters”): Cohen & Company Capital Markets, a division of J.V.B Financial Group,
LLC (133,000); Clear Street LLC (28,500); and Loop Capital Markets LLC (28,500). The Private Placement Units are identical to the Units
sold in the Initial Public Offering, except that (i) the Private Placement Units (and the Class A ordinary shares (the “private
placement shares”) and Share Rights underlying the Private Placement Units and the Class A ordinary shares issuable upon conversion
of the Share Rights) may not be transferred, assigned or sold, subject to certain limited exceptions, until 30 days after the completion
of its Business Combination and (ii) the holders of the Private Placement Units are entitled to certain registration rights in respect
thereof (and with respect to the private placement shares and Share Rights underlying such Private Placement Units and the Class A ordinary
shares issuable upon conversion of the Share Rights).

Transaction costs of
the Initial Public Offering amounted to $12,656,782, consisting of $3,800,000 of cash underwriting fee, $7,600,000 of deferred underwriting
fee and $1,256,782 of other offering costs.

The Company’s
management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the Private
Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination
(less deferred underwriting commissions).

The Company’s
Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net
balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the
income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. However, the Company
will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting
securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as
an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance
that the Company will be able to successfully effect