Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 21

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 21
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 or she has pre-existing fiduciary or contractual obligations, he or she may be required to present
such business combination opportunity to such entity prior to presenting such business combination opportunity to HVII. All of HVII’s
executive officers and directors currently have certain relevant fiduciary duties or contractual obligations that may take priority over
their duties to HVII, subject to his or her fiduciary duties under Cayman Islands law. HVII’s amended and restated memorandum and
articles of association provide that to the fullest extent permitted by applicable law: (i) no individual serving as a director or an
officer shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly
in the same or similar business activities or lines of business as HVII; and (ii) HVII renounces any interest or expectancy in, or in
being offered an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity for any director
or officer, on the one hand, and HVII, on the other.

HVII
anticipates that target business candidates will also be brought to its attention from various unaffiliated sources, including investment
bankers, private investment funds and other intermediaries. Target businesses may be brought to HVII’s attention by such unaffiliated
sources as a result of being solicited by HVII through calls or mailings. These sources may also introduce HVII to target businesses
in which they think HVII may be interested on an unsolicited basis, since many of these sources will have read this Report and know what
types of businesses HVII is targeting. HVII’s officers and directors, as well as their affiliates, may also bring to HVII’s
attention target business candidates that they become aware of through their business contacts as a result of formal or informal inquiries
or discussions they may have, as well as attending trade shows or conventions. In addition, HVII expects to receive a number of proprietary
deal flow opportunities that would not otherwise necessarily be available to HVII as a result of the track record and business relationships
of its officers and directors.

Selection
of a Target Business and Structuring of HVII’s Initial Business Combination

Nasdaq
rules require that HVII must complete one or more business combinations having an aggregate fair market value of at least 80% of the
value of the trust account (excluding any deferred underwriting commissions and taxes payable on the interest earned on the trust account)