Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 25

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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including any Class A ordinary shares issued pursuant to the Underwriters’ over-allotment
option and excluding the private placement shares), plus (ii) all Class A ordinary shares and equity-linked securities issued or deemed
issued, in connection with the closing of a Business Combination (excluding any shares or equity-linked securities issued, or to be issued,
to any seller in a Business Combination and any private placement-equivalent shares issued to the Sponsor or any of its affiliates or
to the Company’s officers or directors upon conversion of Working Capital Loans) minus (iii) any redemptions of Class A ordinary
shares by public shareholders in connection with a Business Combination; provided that such conversion of founder shares will never occur
on a less than one-for-one basis.

    15

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

Holders of record of
the Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to
be voted on by shareholders. Unless specified in the amended and restated memorandum and articles of association or as required by the
Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum and articles
of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being entitled to
do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company is generally required to
approve any matter voted on by the Company’s shareholders. Approval of certain actions require a special resolution under Cayman
Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting, and pursuant to
the Company’s amended and restated memorandum and articles of association, such actions include amending the amended and restated
memorandum and articles of association and approving a statutory merger or consolidation with another company. There is no cumulative
voting with respect to the appointment of directors, meaning, following the Company’s Business Combination, the holders of more
than 50% of the ordinary shares voted for the appointment of directors can elect all of the directors. Prior to the consummation of