Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 65

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 in the amount of 1,500,000 Units and forfeited
the remaining unexercised balance of 1,125,000 Units.

The Underwriters were
entitled to a cash underwriting discount of $0.20 per Unit, or $3,800,000 in the aggregate, 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 the Company’s 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 the Company
completes its Business Combination.

    14

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

Deferred
Legal Fees

As of March 31, 2025,
the Company had a total deferred legal fee of $725,000, of which $125,000 was related to general matters and $600,000 was related to the
Initial Public Offering and charged to offering costs, all of which is to be paid to the Company’s legal advisors upon consummation
of its Business Combination. As of December 31, 2024, the Company had a total deferred legal fee of $450,000, all of which was related
to the Initial Public Offering and charged to offering costs. As the settlement or liquidation of amounts of deferred legal fees are not
reasonably expected to require the use of current assets or require the creation of current liabilities, the amount is classified as a
non-current liability in the accompanying balance sheets as of March 31, 2025 and December 31, 2024.

NOTE 7 — SHAREHOLDERS’ DEFICIT

Preference Shares
— The Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of March 31, 2025 and
December 31, 2024, there were