Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 71

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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IAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

The CODM assesses performance
for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations
as net income or loss. The measure of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation, the CODM reviews the below key metric included in net income or loss:

 SCHEDULE OF SEGMENT

    For Three Months Ended
                                                                                March 31, 2025 
  
    General and administrative costs 
    $489,035 
  
    Interest earned on marketable securities held in Trust Account 
    $1,494,489 

    As of March 31,  
    As of December 31, 

    2025  
    2024 
  
    Cash 
    $2,044,292  
    $20,005 
  
    Marketable securities held in Trust Account 
    $191,494,489  
    $- 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the trust agreement. General and administrative costs
are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business
Combination or similar transaction within the Completion Window. The CODM also reviews general and administrative costs to manage,
maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General and
administrative costs, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All other segment items
included in net income or loss are reported on the statement of operations and described within their respective disclosures.

NOTE 10 — SUBSEQUENT
EVENTS

The Company evaluated
subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited condensed financial statements
were issued. The Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited condensed
financial statements.

18

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

References in this Quarterly
Report on Form 10-Q (this “Quarterly Report”) to “