Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 197

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 197
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, our initial shareholders,       
 officers and directors will agree to waive their rights to liquidating distributions from           
 the trust account with respect to any founder shares held by them if we fail to consummate          
 our initial business combination within the completion window. However, if our initial shareholders 
 or any of our officers, directors or affiliates acquire public shares in or after this offering,    
 they will be entitled to liquidating distributions from the trust account with respect to           
 such public shares if we fail to consummate our initial business combination within the completion  
 window. If we do not complete our initial business combination within such applicable time          
 period, the proceeds of the sale of the private placement units held in the trust account           
 will be used to fund the redemption of our public shares, and the private placement units           
 will expire worthless. Except as described herein, (1) pursuant to a letter agreement entered       
 into with us, our initial shareholders, officers and directors will agree not to transfer,          
 assign or sell any founder shares held by them until 180 days after completion of our initial       
 business combination. Any permitted transferees would be subject to the same restrictions           
 and other agreements of our sponsor with respect to any founder shares, and (2) pursuant            
 to a letter agreement entered into with us, our sponsor will agree not to transfer, assign          
 or sell any private placement units and the Class A ordinary shares underlying such private         
 placement units and the private placement rights included in such private placement units           
 until 30 days after the completion of our initial business combination. We refer to such            
 transfer restrictions throughout this prospectus as the lock-up. Notwithstanding the foregoing,     
 if we complete a liquidation, merger, stock exchange, reorganization or other similar transaction   
 after our initial business combination that results in all of our public shareholders having        
 the right to exchange their ordinary shares for cash, securities or other property, the founder     
 shares will be released from the lock-up. Since our sponsor, members of our management team         
 may directly or indirectly own ordinary shares and Share Rights following this offering,            
 our officers and directors may have a conflict of interest in determining whether a particular      
 target business is an appropriate business with which to effectuate our initial business            
 combination.                                                                                        |

| 144 |

| ● | Our                                                                                             
 key personnel may negotiate employment or consulting agreements with a target business in       
 connection with a particular business combination. These agreements may provide for them        
 to receive compensation following our initial business combination and as a result, may cause   
 them to