Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 14

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 14
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 result, if the cash portion of the purchase price
exceeds the amount available from the trust account, net of amounts needed to satisfy redemptions by public shareholders, HVII may be
required to seek additional financing to complete such proposed initial business combination. HVII may also obtain financing prior to
the closing of its initial business combination to fund its working capital needs and transaction costs in connection with its search
for and completion of its initial business combination. There is no limitation on HVII’s ability to raise funds through the issuance
of equity or equity-linked securities or through loans, advances or other indebtedness in connection with its initial business combination,
including pursuant to any backstop or similar agreements it may enter into following the consummation of its initial public offering
or otherwise. Subject to compliance with applicable securities laws, HVII would only complete such financing simultaneously with the
completion of its business combination. If HVII is unable to complete its initial business combination because it does not have sufficient
funds available to it, it will be forced to cease operations and liquidate the trust account. In addition, following HVII’s initial
business combination, if cash on hand is insufficient, it may need to obtain additional financing in order to meet its obligations.

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Nasdaq
rules require that HVII must complete one or more business combinations having an aggregate fair market value of at least 80% of the
value of the trust account (excluding any deferred underwriting commissions and taxes payable on the interest earned on the trust account)
at the time of its agreement to enter into its initial business combination. If HVII’s securities are no longer listed on Nasdaq,
it will not be obligated to satisfy such 80% test. HVII’s board of directors will make the determination as to the fair market
value of its initial business combination. If HVII’s board of directors is not able to independently determine the fair market
value of the target business or businesses, HVII will obtain an opinion from an independent investment banking firm that is a member
of FINRA or from an independent registered public accounting firm, with respect to the satisfaction of such criteria. While HVII considers
it unlikely that its board of directors will not be able to make an independent determination of the fair market value of its initial
business combination, it may be unable to do so if it is less familiar or experienced with the business of a particular target or if
there is a significant amount of uncertainty as to the value of a target’s