Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 70

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 that are measured at fair value, and indicates the fair value hierarchy of the valuation
inputs the Company utilized to determine such fair value:

The
fair value of the Share Rights as of January 21, 2025 issued in the Initial Public Offering was $1,577,000,
or $0.083
per Share Right. The Share Rights issued in the Initial Public Offering have been classified within shareholders’ deficit and will
not require remeasurement after issuance. The following table presents the quantitative information regarding market assumptions used
in the valuation of the Share Rights issued in the Initial Public Offering:

 SCHEDULE OF FAIR VALUE ASSUMPTIONS USED IN VALUATION OF SHARE RIGHTS

    January 21, 2025 
  
    Underlying share price 
    $9.91 
  
    Pre-adjusted value per share right 
    $0.83 
  
    Market adjustment(1) 
     10.0%
  
    Fair Value per share right 
    $0.083 
  
    Valuation of share rights issued 
    $0.083 

(1)Market adjustment reflects additional factors not fully captured by low volatility selection,
which may include likelihood of a Business Combination occurring, market perception of lack of available or suitable targets, or possible
post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded right
prices to simulated model outputs. The market adjustment was determined by calibrating traded Share Rights prices as of the valuation
dates.

NOTE 9 — SEGMENT
REPORTING

ASC Topic 280, “Segment
Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products,
services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business
activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is
regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate
resources and assess performance.

The Company’s
CODM has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company
as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that
there is only one reportable segment.

    17

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANC