Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 91

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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 HVII undertakes no obligation
to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may
be required under applicable securities laws.

Overview

HVII is a SPAC incorporated in
the Cayman Islands on September 27, 2024, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or other similar business combination with one or more businesses. HVII intends to effectuate its business
combination using cash derived from the proceeds of its initial public offering and the sale of the private placement units and any sale
of securities in connection with its business combination, its shares, debt or a combination of cash, shares and debt.

The issuance of additional ordinary shares in a business
combination:

    ●
    may significantly dilute the equity interest of HVII’s public shareholders, which dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Class B ordinary shares;

    ●
    may subordinate the rights of holders of ordinary shares if preference shares is issued with rights senior to those afforded to ordinary shares;

    ●
    could cause a change of control if a substantial number of ordinary shares are issued, which may affect, among other things, HVII’s ability to use its net operating loss carry forwards, if any, and could result in the resignation or removal of HVII’s present officers and directors;

    ●
    may have the effect of delaying or preventing a change of control of HVII by diluting the equity ownership or voting rights of a person seeking to obtain control of HVII; and

    ●
    may adversely affect prevailing market prices for Class A ordinary shares and/or share rights.

Similarly, if HVII issues debt securities or otherwise
incur significant indebtedness, it could result in:

    ●
    default and foreclosure on HVII’s assets if its operating revenues after a business combination are insufficient to repay its debt obligations;

20

    ●
    acceleration of HVII’s obligations to repay the indebtedness even if it makes all principal and interest payments when due if HVII breaches certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;

    ●
    HVII’s immediate payment of all principal and accrued interest, if any, if the debt is payable on demand;