Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 320

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 320
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 additional consideration, resulting in the Sponsor holding a total of 6,708,333 Founder Shares. The number of Founder Shares issued was determined based on the expectation that the Founder Shares would represent 25% of the outstanding HVII Ordinary Shares upon completion of the IPO. In December 2024, the Sponsor transferred 250,000 Founder Shares to Nicholas Geeza, HVII’s Executive Vice President, Chief Financial Officer and Secretary, and an aggregate of 130,000 Founder Shares to its independent directors. In January 2025, the Sponsor transferred 750,000 Founder Shares to Thomas D. Hennessy, HVII’s President and Chief Operating Officer.

Private Placement Units

The Sponsor and the IPO underwriters purchased an aggregate of 690,000 Private Placement Units for a purchase price of $10.00 per Private Placement Unit in the private placement, for a total of $6,900,000. Of the 690,000 Private Placement Units, 500,000 Private Placement Units were purchased by the Sponsor, and an aggregate of 190,000 Private Placement Units were purchased by the IPO underwriters. The Private Placement Units (including the securities underlying such Private Placement Units) may not, subject to certain limited exceptions, be transferred, assigned or sold by the Sponsor or the IPO underwriters until 30 days after the completion of HVII’s initial business combination.

If any of HVII’s officers or directors becomes aware of a business combination opportunity which is suitable for one or more entities to which he or she has fiduciary, contractual or other obligations or duties, he or she will honor these obligations and duties to present such business combination opportunity to such entities first, and only present it to HVII if such entities reject the opportunity and he or she determines to present the opportunity to us. HVII’s officers and directors currently have other relevant fiduciary, contractual or other obligations or duties that may take priority over their duties to HVII.

The Sponsor and HVII’s officers and directors or any of their respective affiliates are reimbursed for any out-of-pocket expenses incurred in connection with activities on HVII’s behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. HVII’s audit committee reviews on a quarterly basis all payments that were made by HVII to the Sponsor and HVII’s officers, directors or any of their respective affiliates and determines which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons