Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 20

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 20
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 transaction, in which case any such fee will be paid out of the funds held in the trust account. In no event,
however, will HVII’s sponsor or any of its existing officers or directors or any entity with which HVII’s sponsor or officers
are affiliated, be paid any finder’s fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation
by the company prior to, or in connection with any services rendered in order to effectuate, the completion of HVII’s initial business
combination (regardless of the type of transaction that it is). None of HVII’s sponsor, executive officers or directors or any
of their respective affiliates, are allowed to receive any compensation, finder’s fees or consulting fees from a prospective business
combination target in connection with a contemplated initial business combination. HVII has agreed to pay an affiliate of its sponsor
a total of $15,000 per month for office space, utilities and secretarial and administrative support and to reimburse its sponsor for
any out-of-pocket expenses related to identifying, investigating and completing an initial business combination. Some of HVII’s
officers and directors may enter into employment or consulting agreements with the post-transaction company following HVII’s initial
business combination. The presence or absence of any such fees or arrangements will not be used as a criterion in HVII’s selection
process of an initial business combination candidate. HVII pays Nicholas Geeza, its Chief Financial Officer, $10,000 per month for his
services until the earlier of the consummation of HVII’s initial business combination or its liquidation.

  11  

HVII
is not prohibited from pursuing an initial business combination with a company that is affiliated with its sponsor, executive officers
or directors or making the acquisition through a joint venture or other form of shared ownership with its sponsor, executive officers
or directors. In the event HVII seeks to complete an initial business combination with a target that is affiliated with its sponsor,
executive officers or directors, HVII or a committee of independent directors, would obtain an opinion from an independent investment
bank which is a member of FINRA or a qualified independent accounting firm that such an initial business combination is fair to HVII
from a financial point of view. HVII is not required to obtain such an opinion in any other context.

If
any of HVII’s executive officers or directors becomes aware of a business combination opportunity that falls within the line of
business of any entity to which he