Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 26

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 any other equity-linked securities, are issued or deemed issued in excess of the amounts sold
in the Initial Public Offering and related to or in connection with the closing of a Business Combination, the ratio at which Class B
ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary
shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares
issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i) the total number of all Class
A ordinary shares outstanding upon the completion of the Initial Public Offering (including any Class A ordinary shares issued pursuant
to the Underwriters’ over-allotment option and excluding the private placement shares), plus (ii) all Class A ordinary shares and
equity-linked securities issued or deemed issued, in connection with the closing of a Business Combination (excluding any shares or equity-linked
securities issued, or to be issued, to any seller in a Business Combination and any private placement-equivalent shares issued to the
Sponsor or any of its affiliates or to the Company’s officers or directors upon conversion of Working Capital Loans) minus (iii)
any redemptions of Class A ordinary shares by public shareholders in connection with a Business Combination; provided that such conversion
of founder shares will never occur on a less than one-for-one basis.

    15

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(UNAUDITED)

Holders
of record of the Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on
all matters to be voted on by shareholders. Unless specified in the amended and restated memorandum and articles of association or as
required by the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum
and articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company is generally
required to approve any matter voted on by the Company’s shareholders. Approval of certain actions require a special resolution
under Cayman Islands law, which (except as specified