Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 49

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 49
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 ordinary shares, representing a quorum under HVII’s
amended and restated memorandum and articles of association, vote their shares at a general meeting of the company, HVII will not need
any public shares in addition to HVII’s founder shares to be voted in favor of an initial business combination in order to approve
an initial business combination. Accordingly, if HVII seeks shareholder approval of its initial business combination, the agreement by
HVII’s initial shareholders to vote in favor of HVII’s initial business combination will increase the likelihood that HVII
will receive the requisite shareholder approval for such initial business combination.

Investors’
only opportunity to affect the investment decision regarding a potential business combination will be limited to the exercise of their
right to redeem their shares from HVII for cash, unless HVII seeks shareholder approval of the initial business combination.

At
the time of an investment in HVII, investors will not be provided with an opportunity to evaluate the specific merits or risks of HVII’s
initial business combination. Since HVII’s board of directors may complete an initial business combination without seeking shareholder
approval, public shareholders may not have the right or opportunity to vote on the initial business combination, unless HVII seeks such
shareholder vote. Accordingly, if HVII does not seek shareholder approval, investors’ only opportunity to affect the investment
decision regarding a potential business combination may be limited to exercising their redemption rights within the period of time (which
will be at least 20 business days) set forth in HVII’s tender offer documents mailed to HVII’s public shareholders in which
HVII describes its initial business combination. The amount of the deferred underwriting commissions payable to the underwriters will
not be adjusted for any shares that are redeemed in connection with an initial business combination. The per-share amount HVII will distribute
to shareholders who properly exercise their redemption rights will not be reduced by the deferred underwriting commission and after such
redemptions, the per-share value of shares held by non-redeeming shareholders will reflect HVII’s obligation to pay the deferred
underwriting commissions.

The
ability of HVII’s public shareholders to redeem their shares for cash may make its financial condition unattractive to potential
business combination targets, which may make it difficult for HVII to enter into a business combination with a target.

HVII
may seek to enter into a business combination transaction agreement with a minimum cash requirement for (i) cash consideration to be
paid to the target or its owners, (ii