Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 103

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 103
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, it will update its disclosure
to reflect how such changes impact the risk that it may be considered to be operating as an unregistered investment company.

To
mitigate the risk that HVII might be deemed to be an investment company for purposes of the Investment Company Act, it may, at any time,
instruct the trustee to liquidate the securities held in the trust account and instead to hold the funds in the trust account in cash
or an interest-bearing account until the earlier of the consummation of HVII’s initial business combination or its liquidation.
As a result, following the liquidation of securities in the trust account, HVII would likely receive minimal interest, if any, on the
funds held in the trust account, which would reduce the dollar amount HVII’s public shareholders would receive upon any redemption
or liquidation of the Company.

The
funds in the trust account will be (i) invested only in U. S. government treasury obligations with a maturity of 185 days or less or in
money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U. S. government
treasury obligations, and/or (ii) deposited in an interest-bearing demand deposit account at a U. S.-chartered commercial bank with consolidated
assets of $50 billion or more. However, to mitigate the risk of HVII being deemed to be an unregistered investment company (including
under the subjective test of Section 3(a)(1)(A) of the Investment Company Act) and thus subject to regulation under the Investment Company
Act, HVII may, at any time, and it expects that it will, on or prior to the 24-month anniversary of the closing date of HVII’s
initial public offering, instruct Odyssey Transfer and Trust Company, the trustee with respect to the trust account, to liquidate the
U. S. government treasury obligations or money market funds held in the trust account and thereafter to hold all funds in the trust account
in cash or an interest-bearing account until the earlier of consummation of HVII’s initial business combination or liquidation
of the Company. Following such liquidation, HVII would likely receive minimal interest, if any, on the funds held in the trust account.
However, interest previously earned on the funds held in the trust account still may be released to HVII for permitted withdrawals and
certain other expenses as permitted. As a result, any decision to liquidate the