Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 87

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 87
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 to complete a business combination.

Results
of Operations

HVII
has neither engaged in any operations nor generated any operating revenues to date. The only activities from inception through June 30,
2025, were organizational activities and those necessary to prepare for HVII’s initial public offering, described below. HVII does
not expect to generate any operating revenues until after the completion of its business combination. It expects to generate non-operating
income in the form of interest income from funds held after the initial public offering. Subsequent to its initial public offering, HVII
has incurred increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance),
as well as for due diligence expenses in connection with searching for, and completing, a business combination.

For
the three months ended June 30, 2025, HVII had net income of $1,520,515, which consisted of interest earned on marketable securities
held in the Trust Account of $1,953,980, interest earned on cash equivalents of $15,444 offset by $448,910 of general and administrative
costs.

For
the six months ended June 30, 2025, HVII had net income of $2,538,521, which consisted of interest earned on marketable securities held
in the Trust Account of $3,448,469, interest earned on cash equivalents of $27,997 offset by $937,945 of general and administrative costs.

21

Liquidity
and Capital Resources

Until
the consummation of the initial public offering, HVII’s only source of liquidity was an initial purchase of Class B ordinary shares,
par value $0.0001 per share, by HVII’s sponsor for $25,000 and loans from HVII’s sponsor, which were repaid at the closing
of the initial public offering.

Subsequent
to the period covered by this Report, on January 21, 2025, HVII consummated the initial public offering of 19,000,000 units, which includes
the partial exercise by the underwriters of their over-allotment option in the amount of 1,500,000 units, at $10.00 per unit, generating
gross proceeds of $190,000,000. Simultaneously with the closing of the initial public offering, HVII consummated the sale of an aggregate
of 690,000 private placement units at a price of $10.00