Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 101

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 101
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 price of $10.00 per private placement unit, generating gross proceeds to HVII of $6,900,000. Of the 690,000 private placement
units, 500,000 private placement units were purchased by HVII’s sponsor and 190,000 private placement units were purchased by the
underwriters. The private placement units are identical to the units sold in HVII’s initial public offering, except that (i) the
private placement units (and the Class A ordinary shares and share rights underlying the private placement units and the Class A ordinary
shares issuable upon conversion of the share rights) may not be transferred, assigned or sold, subject to certain limited exceptions set
forth in the letter agreement and as described in the registration statement filed in connection with HVII’s initial public offering,
until 30 days after the completion of the HVII’s business combination, and (ii) the holders of the private placement units are entitled
to certain registration rights in respect thereof (and with respect to the Class A ordinary shares and share rights underlying such private
placement units and the Class A ordinary shares issuable upon conversion of the share rights). The issuance of the private placement units
was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The underwriters of HVII’s
initial public offering were entitled to a cash underwriting discount of $0.20 per unit, or $3,800,000 in the aggregate, which were paid
to the underwriters in cash at the closing of the initial public offering. Additionally, the underwriters are entitled to a deferred underwriting
discount of up to $0.40 per unit, or up to $7,600,000 in the aggregate (subject to reduction based on the funds remaining in the Trust
Account after giving effect to the public shares that are redeemed in connection with a business combination), payable to the underwriters
for deferred underwriting commissions on amounts remaining in the Trust Account after all redemptions by public shareholders have been
met. The deferred underwriting discount will become payable to the underwriters from the amounts held in the Trust Account solely in the
event HVII completes its business combination.

For a description of the use of
the proceeds generated in HVII’s initial public offering, please see Part I, Item 2 of this Quarterly Report.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES