Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 98

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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II does not expect that its
disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how
well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures
are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the
benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no
evaluation of disclosure controls and procedures can provide absolute assurance that HVII has detected all HVII’s control deficiencies
and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain assumptions about the
likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential
future conditions.

Changes in Internal Control over Financial Reporting

There were no changes in HVII’s
internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most
recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, HVII’s internal control over
financial reporting.

24

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

To the knowledge of HVII’s
management, there is no litigation currently pending against HVII, any of HVII’s officers or directors in their capacity as such
or against any of HVII’s property.

ITEM 1A. RISK FACTORS

As of the date of this Quarterly
Report, except as detailed below, there have been no material changes to the risk factors disclosed in HVII’s Annual Report on Form
10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025. Any of these factors could result in a significant or
material adverse effect on HVII’s results of operations or financial condition. Additional risk factors not presently known to HVII
or that HVII currently deems immaterial may also impair HVII’s business or results of operations. HVII may disclose changes to such
risk factors or disclose additional risk factors from time to time in its future filings with the SEC.

Changes in international
trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on HVII’s search for a business
combination target or the performance or business prospects of