Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 97

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 97
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 opportunity, HVII may be precluded from pursuing such opportunities. Subject to their fiduciary
duties under Cayman Islands law, none of the members of HVII’s management team who are also employed by HVII’s sponsor or
its affiliates have any obligation to present HVII with any opportunity for a potential business combination of which they become aware.
HVII’s management team and sponsor are also not prohibited from sponsoring, investing or otherwise becoming involved with, any
other SPACs, including in connection with their initial business combinations, prior to HVII completing its initial business combination.
Accordingly, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented.
These conflicts may not be resolved in HVII’s favor and a potential target business may be presented to another entity prior to
its presentation to HVII. HVII’s amended and restated memorandum and articles of association provide that to the fullest extent
permitted by applicable law: (i) no individual serving as a director or an officer shall have any duty, except and to the extent expressly
assumed by contract, to refrain from engaging directly or indirectly in the same or similar business activities or lines of business
as HVII; and (ii) HVII renounces any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction
or matter which may be a corporate opportunity for any director or officer on the one hand, and HVII, on the other.

  55  

For
a complete discussion of HVII’s officers’ and directors’ business affiliations and the potential conflicts of interest
that investors should be aware of, please see the sections of this Report entitled “ Directors, Executive Officers and Corporate
Governance Certain Relationships and Related Party Transactions, and Director Independence.

HVII’s
officers, directors, security holders and their respective affiliates may have competitive pecuniary interests that conflict with its
interests.

HVII
has not adopted a policy that expressly prohibits its directors, officers, security holders or affiliates from having a direct or indirect
pecuniary or financial interest in any investment to be acquired or disposed of by HVII or in any transaction to which HVII is a party
or has an interest. In fact, HVII may enter into an initial business combination with a target business that is affiliated with its sponsor
or its affiliates, its directors or officers, although it does not intend to do so. HVII does not have a policy that expressly prohibits