Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 284

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 284
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 be issued in connection with the Proposed Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and will classify the share rights under equity treatment at its assigned value. There are no Public or Private Placement Rights currently outstanding as of October 11, 2024.

Recent Accounting Pronouncements

Management does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

Note 3 — Proposed Public Offering

In the Proposed Public Offering, the Company will offer for sale up to 17,500,000 Units, (or 20,125,000 Units if the underwriters’ over-allotment option is exercised in full) at a purchase price of $10.00 per Unit. Each Unit that the Company is offering has a price of $10.00 and consists of one Class A ordinary share and one right entitling the holder thereof to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation of an initial Business Combination.

Note 4 — Private Placement

The Sponsor and the underwriters have committed to purchase an aggregate of 675,000 Private Placement Units (or 701,250 private placement units if the underwriters’ option to purchase additional units is exercised in full), each unit consisting of one Class A ordinary share and one right to receive one-twelfth (1/12) of a Class A ordinary share upon the consummation of an initial business combination (“Private Placement Rights”), at a price of $10.00 per unit, or $6,750,000 in the aggregate (or up to $7,012,500 if the underwriters’ option to purchase additional units is exercised in full), in a private placement that will close simultaneously with the closing of this offering. Of those 675,000 Private Placement Units (or up to 701,250 Private Placement Units if the underwriters’ option to purchase additional units is exercised in full), the Sponsor has subscribed for 500,000 Private Placement Units (whether or not the underwriters’ option to purchase additional units is exercised in full or at all) and the underwriters have subscribed for 175,000 Private Placement Units (or up to 201,250 Private Placement Units if the underwriters’ option to purchase additional units is exercised in full).

The Private Placement Units will be identical to the Public Units sold