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

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 25
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 include a contractual acknowledgment that such shareholder, although still the record
holder of HVII’s shares, is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption rights.
In the event that HVII’s sponsor, directors, officers or their affiliates purchase shares in privately negotiated transactions
from public shareholders who have already elected to exercise their redemption rights or submitted a proxy to vote against HVII’s
initial business combination, such selling shareholders would be required to revoke their prior elections to redeem their shares and
any proxy to vote against HVII’s initial business combination. HVII does not currently anticipate that such purchases, if any,
would constitute a tender offer subject to the tender offer rules under the Exchange Act or a going-private transaction subject to the
going-private rules under the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases
are subject to such rules, the purchasers will be required to comply with such rules. It is intended that, if Rule 10b-18 would apply
to purchases by HVII’s sponsor, directors, executive officers or any of their affiliates, then such purchases will comply with
Rule 10b-18 under the Exchange Act, to the extent it applies, which provides a safe harbor for purchases made under certain conditions,
including with respect to timing, pricing and volume of purchases.

Additionally,
at any time at or prior to HVII’s initial business combination, subject to applicable securities laws (including with respect to
material nonpublic information), HVII’s sponsor, directors, executive officers or their affiliates may enter into transactions
with investors and others to provide them with incentives to acquire public shares, vote their public shares in favor of HVII’s
initial business combination, or not redeem their public shares. However, they have no current commitments, plans or intentions to engage
in such transactions and have not formulated any terms or conditions for any such transactions. None of the funds in the trust account
will be used to purchase public shares or share rights in such transactions. If they engage in such transactions, they will be restricted
from making any such purchases when they are in possession of any material non-public information not disclosed to the seller or if such
purchases are prohibited by Regulation M under the Exchange Act. HVII has an insider trading policy which will require insiders to (1)
refrain from purchasing securities when they are in possession of any material non-public information and (2) to clear all trades with
HVII’s compliance personnel or legal counsel prior