Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 47

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 47
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 from the closing of
the Initial Public Offering or by such earlier liquidation date as the Company’s board of directors may approve (the “Completion
Window”), subject to applicable law, or (iii) the redemption of the Company’s public shares properly submitted in connection
with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association to (A) modify the substance
or timing of the Company’s obligation to allow redemption in connection with its Business Combination or to redeem 100% of the
Company’s public shares if the Company has not consummated its Business Combination within the Completion Window or (B) with respect
to any other provisions relating to shareholders’ rights or pre-Business Combination activity. The proceeds deposited in the Trust
Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the
Company’s public shareholders.

The
Company will provide the Company’s public shareholders with the opportunity to redeem all or a portion of their public shares upon
the completion of its Business Combination either in connection with a general meeting called to approve its Business Combination or
by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed Business Combination
or conduct a tender offer will be made by the Company, solely in its discretion. The public shareholders will be entitled to redeem their
shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two
business days prior to the consummation of a Business Combination, including interest earned on the funds held in the Trust Account (less
permitted withdrawals), divided by the number of then outstanding public shares, subject to the limitations.

The
Class A ordinary shares subject to redemption were recorded at a redemption value and classified as temporary equity upon the completion
of the Initial Public Offering, in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards
Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity.”

The
Company will have only the duration of the Completion Window to complete its Business Combination. However, if the Company is unable
to complete its Business Combination within the Completion Window, the Company will as promptly as reasonably possible but not more than
ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on
deposit in the Trust Account, including interest earned on the funds held in the