Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 276

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 276
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 not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on investments from the proceeds derived from the Proposed Public Offering (as defined below). The Company has selected December 31 as its fiscal year end.

The Company’s Sponsor is HC VII Sponsor LLC (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering of 17,500,000 units at $10.00 per unit (the “Units”) (or 20,125,000 Units if the underwriters’ over-allotment option is exercised in full), which is discussed in Note 3 (the “Proposed Public Offering”), and the sale of an aggregate of 675,000 private placement units (or up to 701,250 private placement units if the underwriters’ option to purchase additional units is exercised in full) (the “Private Placement Units”) to the Sponsor and the underwriters at a price of $10.00 per unit, or $6,750,000 in the aggregate (or up to $7,012,500 if the underwriters’ option to purchase additional units is exercised in full), in a private placement that will close simultaneously with the Proposed Public Offering. Each Unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12) of a Class A ordinary share upon the consummation of an initial business combination (“Share Right”). Of those 675,000 Private Placement Units (or up to 701,250 Private Placement Units if the underwriters’ option to purchase additional units is exercised in full), the Sponsor has subscribed for 500,000 Private Placement Units (whether or not the underwriters’ option to purchase additional units is exercised in full or at all) and the underwriters have subscribed for 175,000 Private Placement Units (or up to 201,250 Private Placement Units if the underwriters’ option to purchase additional units is exercised in full). The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions).

The Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined