Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 63

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 63
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 or other third parties to operate or may be forced to liquidate. None of HVII’s sponsor, members of its management
team nor any of their affiliates is under any obligation to advance funds to HVII in such circumstances. Any such advances would be repaid
only from funds held outside the trust account or from funds released to HVII upon completion of its initial business combination. Up
to $2.5 million of such loans may be convertible into private placement units, at a price of $10.00 per private placement unit at the
option of the lender, upon consummation of HVII’s initial business combination. Prior to the completion of its initial business
combination, HVII does not expect to seek loans from parties other than its sponsor or an affiliate of its sponsor as it does not believe
third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in its trust
account. If HVII is unable to obtain these loans, it may be unable to complete its initial business combination. If HVII is unable to
complete its initial business combination because it does not have sufficient funds available to it, it will be forced to cease operations
and liquidate the trust account. Consequently, its public shareholders may only receive approximately $10.00 per share on its redemption
of its public shares, and its share rights will expire worthless.

Subsequent
to the completion of HVII’s initial business combination, it may be required to take write-downs or write-offs, restructuring and
impairment or other charges that could have a significant negative effect on its financial condition, results of operations and the price
of its ordinary shares, which could cause investors to lose some or all of their investment.

Even
if HVII conducts extensive due diligence on a target business with which it combines, it cannot assure investors that this diligence
will surface all material issues that may be present inside a particular target business, that it would be possible to uncover all material
issues through a customary amount of due diligence, or that factors outside of the target business and outside of HVII’s control
will not later arise. As a result of these factors, HVII may be forced to later write-down or write-off assets, restructure its operations
or incur impairment or other charges that could result in reporting losses. Even if HVII’s due diligence successfully identifies
certain risks, unexpected risks may arise and previously known risks may materialize in a manner not consistent with its preliminary