Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 46

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 46
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  The                                                                                                 
  Resources                                                                                           
  The                                                                                                 
  Recent                                                                                              
  Military                                                                                            
  Changes                                                                                             

Risks
Relating to HVII’s Search for, Consummation of, or Inability to Consummate, a Business Combination and Post-Business Combination
Risks

HVII’s
public shareholders may not be afforded an opportunity to vote on HVII’s proposed initial business combination, and even if a vote
is held, holders of HVII’s founder shares will participate in such vote, which means HVII may complete its initial business combination
even though a majority of HVII’s public shareholders do not support such a combination.

HVII
may choose not to hold a shareholder vote to approve its initial business combination unless the initial business combination would require
shareholder approval under applicable Cayman Islands law or stock exchange listing requirements or if HVII decides to hold a shareholder
vote for business or other legal reasons. Except as required by law, the decision as to whether HVII will seek shareholder approval of
a proposed initial business combination or will allow shareholders to sell their shares to HVII in a tender offer will be made by HVII,
solely in its discretion, and will be based on a variety of factors, such as the timing of the transaction and whether the terms of the
transaction would otherwise require HVII to seek shareholder approval. Even if HVII seeks shareholder approval, the holders of HVII’s
founder shares will participate in the vote on such approval. Accordingly, HVII may consummate its initial business combination even
if holders of a majority of HVII’s outstanding public shares do not approve of the initial business combination HVII consummates.
Please see the section of this Report entitled “ Business - Shareholders May Not Have the Ability to Approve HVII’s
Initial Business Combination

  27  

Changes
in the market for directors and officers liability insurance could make it more difficult and more expensive for HVII to negotiate and
complete an initial business combination.

The
market for directors and officers liability insurance for SPACs has changed in ways adverse to HVII and its management team. Fewer insurance
companies are offering quotes for directors and officers liability coverage, the premiums charged for such policies have generally increased,
and the terms of such policies have generally become less favorable. These trends may continue into the future.

The
increased cost and decreased availability of directors and officers liability insurance could make it more difficult and more expensive
for HVII