Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 3

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 3
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)), Target (Banzai International,                     
  Inc. (“ Banzai”)). 7GC’s initial public offering closed December 22, 2020,                        
  at approximately $230 million. The SPAC term was extended twice and there were approximately      
  77.9% and 34.4% redemptions, respectively, in connection with extensions and approximately        
  99.3% in connection with the business combination. 7GC’s business combination with                
  Banzai closed on December 14, 2023. Shares of Banzai common stock trade on the Nasdaq Stock       
  Market under the symbol “ BNZI”, and the price of the common stock, after giving                  
  effect to its stock split, has ranged from $0.73 to $828.50 following the consummation of         
  the business combination, with a closing price of $1.44 on February 28, 2025;                     
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   2  

  Hennessy                                                                                       
  VI (2021): SPAC (Hennessy Capital Investment Corp. VI (“ Hennessy VI”)), Target                
  (Namib Minerals (“ Namib”)). Hennessy VI’s initial public offering closed                      
  September 28, 2021, at approximately $341 million. The SPAC term was extended three times      
  and there were approximately 24.3%, 79.6% and 37.8% redemptions, respectively, in connection   
  with extensions. Hennessy VI and Namib executed a business combination agreement on June       
  17, 2024, and it is expected to close in the second quarter of 2025;                           
  Compass                                                                                        
  Digital (2021) (members of HVII’s management team acquired the SPAC sponsor): SPAC             
  (Compass Digital Acquisition Corp. (“ Compass Digital”)), Target (EEW Renewables               
  Ltd (“ EEW”)). Compass Digital’s initial public offering closed October                        
  14, 2021, at approximately $212 million. The SPAC term was extended twice and there were       
  approximately 76% and 52% redemptions, respectively, in connection with extensions. Compass    
  Digital and EEW executed a definitive merger agreement on September 6, 2024;                   
  Jaguar                                                                                         
  Global (2022): SPAC (