Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 5

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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31, 2025,
the Company had not commenced any operations. All activity for the period from September 27, 2024 (inception) through March 31, 2025 relates
to the Company’s formation and the initial public offering (the “Initial Public Offering”), as described below and,
subsequent to the Initial Public Offering, identifying and completing a suitable Business Combination. The Company will not generate any
operating revenues until after the completion of its Business Combination, at the earliest. The Company generates non-operating income
in the form of interest income on investments from the proceeds derived from the Initial Public Offering.

The registration statement
for the Company’s Initial Public Offering was declared effective on January 16, 2025. On January 21, 2025, the Company consummated
the Initial Public Offering of 19,000,000 units (the “Units”), which includes the partial exercise by the underwriters of
their over-allotment option in the amount of 1,500,000 Units, at $10.00 per Unit, generating gross proceeds of $190,000,000, which is
described in Note 3. Each Unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12) of one Class A ordinary
share upon the consummation of its Business Combination (“Share Right”).

Simultaneously with
the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 690,000 private placement units (the “Private
Placement Units”) at a price of $10.00 per Private Placement Unit, generating gross proceeds of $6,900,000, which is described in
Note 4. Of the 690,000 Private Placement Units, 500,000 Private Placement Units were purchased by HC VII Sponsor LLC, the Company’s
sponsor (the “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