Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 99

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 99
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 meet such criteria. Even if the post-transaction company owns 50% or more of the voting securities
of the target, HVII’s shareholders prior to the initial business combination may collectively own a minority interest in the post-business
combination company, depending on valuations ascribed to the target and HVII in the initial business combination. For example, HVII could
pursue a transaction in which it issues a substantial number of new Class A ordinary shares in exchange for all of the outstanding capital
stock, shares or other equity interests of a target. In this case, HVII would acquire a 100% interest in the target. However, as a result
of the issuance of a substantial number of new ordinary shares, HVII’s shareholders immediately prior to such transaction could
own less than a majority of its outstanding ordinary shares subsequent to such transaction. In addition, other minority shareholders
may subsequently combine their holdings resulting in a single person or group obtaining a larger share of the company’s stock than
HVII initially acquired. Accordingly, this may make it more likely that HVII’s management will not be able to maintain its control
of the target business. HVII cannot provide assurance that, upon loss of control of a target business, new management will possess the
skills, qualifications or abilities necessary to profitably operate such business.

  56  

Members
of HVII’s management team and companies affiliated thereof have been, and may from time to time be, involved in legal proceedings
or governmental investigations unrelated to HVII’s business.

Members
of HVII’s management team have been (and intend to be) involved in a wide variety of businesses. Such involvement has, and may
lead to, media coverage and public awareness. As a result of such involvement, members of HVII’s management team and companies
affiliated thereof have been, and may from time to time be, involved in legal proceedings or governmental investigations unrelated to
HVII’s business. Any such proceedings or investigations may be detrimental to HVII’s or their reputation or result in other
negative consequences or damages, which could negatively affect HVII’s ability to identify and complete an initial business combination
and may have an adverse effect on the price of its securities.

HVII
may approve an amendment or waiver of the letter agreement that would allow its sponsor to directly, or members of its sponsor to indirectly,
transfer founder shares and private placement shares or membership interests in its sponsor in a transaction in which the sponsor removes
itself as HVII’s sponsor