Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 69

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 complete its Business Combination within the required time period
and the Company will redeem the public shares for the funds held in the Trust Account, holders of Share Rights will not receive any of
such funds for their Share Rights and the Share Rights will expire worthless.

NOTE 8 — FAIR VALUE
MEASUREMENTS 

The fair value of
the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received
in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between
market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks
to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs
(internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and
unobservable inputs used in order to value the assets and liabilities:

Level 1: Quoted prices in active markets for identical
assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with
sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2: Observable inputs other than Level 1 inputs.
Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets
or liabilities in markets that are not active.

Level 3: Unobservable inputs based on assessment of
the assumptions that market participants would use in pricing the asset or liability.

    16

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

At March 31, 2025,
assets held in the Trust Account were comprised of $191,494,489 in a money market account. At December 31, 2024, there were no assets
held in the Trust Account. The Company has not withdrawn any interest income from the Trust Account.

 SCHEDULE OF ASSETS MEASURED AT FAIR VALUE

    March 31, 

    Level  
    2025 
  
    Assets: 

    Marketable securities held in Trust Account 
     1  
    $191,494,489 

The following table
presents information about the Company’s assets