Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 43

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 43
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Reporting and Financial Information

HVII
will provide shareholders with audited financial statements of the prospective target business as part of the tender offer materials
or proxy solicitation materials sent to shareholders to assist them in assessing the target business. These financial statements may
be required to be prepared in accordance with, or be reconciled to, GAAP or IFRS, depending on the circumstances and the historical financial
statements may be required to be audited in accordance with the standards of the PCAOB. These financial statement requirements may limit
the pool of potential target businesses HVII may acquire because some targets may be unable to provide such financial statements in time
for HVII to disclose such financial statements in accordance with federal proxy rules and complete its initial business combination within
the completion window. There is no assurance that any particular target business identified by HVII as a potential business combination
candidate will have financial statements prepared in accordance with GAAP or that the potential target business will be able to prepare
its financial statements in accordance with the requirements outlined above. To the extent that these requirements cannot be met, HVII
may not be able to acquire the proposed target business. While this may limit the pool of potential business combination candidates,
HVII does not believe that this limitation will be material.

HVII
will be required to evaluate its internal control procedures for the fiscal year ending December 31, 2025, as required by the Sarbanes-Oxley
Act. Only in the event HVII is deemed to be a large accelerated filer or an accelerated filer and no longer qualifies as an emerging
growth company, will HVII be required to have its internal control procedures audited. A target business may not be in compliance with
the provisions of the Sarbanes-Oxley Act regarding the adequacy of their internal controls. The development of the internal controls
of any such entity to achieve compliance with the Sarbanes-Oxley Act may increase the time and costs necessary to complete any such acquisition.

  24  

HVII
has filed a registration statement on Form 8-A with the SEC to voluntarily register its securities under Section 12 of the Exchange Act.
As a result, HVII is subject to the rules and regulations promulgated under the Exchange Act and has reporting obligations, including
the requirement that HVII file annual, quarterly and current reports with the SEC. In accordance with the requirements of the Exchange
Act, HVII’s annual reports will contain financial statements audited and reported on by its