Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 18

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
---
 permitted transferees, the Private Placement Units (including the private placement shares and Share
Rights underlying the Private Placement Units and the Class A ordinary shares issuable upon conversion of the Share Rights) may not,
subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of a Business
Combination and (ii) the holders of Private Placement Units are entitled to certain registration rights in respect thereof (and with
respect to the private placement shares and Share Rights underlying such Private Placement Units and the Class A ordinary shares issuable
upon conversion of the Share Rights).

    11

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

The
Sponsor and the Company’s officers and directors have entered into a letter agreement with the Company, pursuant to which they
have agreed to (i) waive their redemption rights with respect to their founder shares, private placement shares and public shares in
connection with the completion of a Business Combination; (ii) waive their redemption rights with respect to their founder shares and
private placement shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum
and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection
with its Business Combination or to redeem 100% of the public shares if the Company has not consummated a Business Combination within
the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-Business Combination
activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect to their founder shares and private
placement shares if the Company fails to complete its Business Combination within the Completion Window, although they will be entitled
to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete its
Business Combination within the Completion Window and to liquidating distributions from assets outside the Trust Account; and (iv) vote
any founder shares or private placement shares held by them and any public shares purchased during or after the Initial Public Offering
(including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements
of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving a Business Combination) in favor