Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 30

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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17

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(UNAUDITED)

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statements of operations as net income or loss. The measure of segment assets is reported on the balance sheets as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews the below key
metric included in net income or loss:

 SCHEDULE OF SEGMENT

    September 30, 2025  
    December
31, 2024 
  
    Cash and cash equivalents 
    $1,622,799  
    $20,005 
  
    Marketable securities held in Trust Account 
    $195,206,616  
    $— 

    For
                                            the Three
                                            Months Ended September 30, 2025  
    For
                                            the Nine
                                            Months Ended September 30, 2025  
    For
                                            the Period from
                                                                               September
                                            27, 2024 (inception)
                                            through September 30, 2024 
  
    General and administrative costs 
    $819,219  
    $1,757,164  
    $10,420 
  
    Interest earned on marketable securities held in Trust Account 
    $1,997,672  
    $5,446,141  
    $— 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the trust agreement. General and administrative costs are
reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination
or similar transaction within the Completion Window. The CODM also reviews general and administrative costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported
on the condensed statements of operations, are the significant segment expenses provided to the CODM on a regular basis.

All
other segment items included in net income or loss are reported on the condensed statements of operations and described within their
respective disclosures.

NOTE
10 — SUBSEQUENT