Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 59

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 59
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 amount therein, pro rata, to HVII’s public
shareholders, as part of any liquidation process, such winding up, liquidation and distribution must comply with the applicable provisions
of the Companies Act. In that case, investors may be forced to wait beyond such time from the closing of HVII’s initial public
offering, before the redemption proceeds of HVII’s trust account become available to them, and they receive the return of their
pro rata portion of the proceeds from HVII’s trust account. HVII has no obligation to return funds to investors prior to the date
of HVII’s redemption or liquidation unless, prior thereto, HVII consummates its initial business combination or amends certain
provisions of HVII’s amended and restated memorandum and articles of association, and only then in cases where investors have sought
to redeem their Class A ordinary shares. Only upon HVII’s redemption or any liquidation will public shareholders be entitled to
distributions if HVII does not complete its initial business combination and does not amend certain provisions of HVII’s amended
and restated memorandum and articles of association. HVII’s amended and restated memorandum and articles of association provides
that, if HVII winds up for any other reason prior to the consummation of its initial business combination, HVII will follow the foregoing
procedures with respect to the liquidation of the trust account as promptly as reasonably possible but not more than ten business days
thereafter, subject to applicable Cayman Islands law.

  34  

Investors
will not have any rights or interests in funds from the trust account, except under certain limited circumstances. To liquidate their
investment, therefore, shareholders may be forced to sell their public shares or share rights, potentially at a loss.

HVII’s
public shareholders will be entitled to receive funds from the trust account only upon the earliest to occur of: (i) HVII’s completion
of an initial business combination, and then only in connection with those Class A ordinary shares that such shareholder properly elected
to redeem, subject to the limitations described herein, (ii) the redemption of any public shares properly submitted in connection with
a shareholder vote to amend HVII’s amended and restated memorandum and articles of association (A) to modify the substance or timing
of HVII’s obligation to provide for the redemption of its public shares in connection with an initial business combination or to
redeem 100% of its public shares if HVII has not