Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 54

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 54
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,191,791, which consisted of interest earned on marketable securities
held in the Trust Account of $1,997,672, interest earned on cash equivalents of $13,338 offset by $819,219 of general and administrative
costs.

For
the nine months ended September 30, 2025, HVII had net income of $3,730,312, which consisted of interest earned on marketable securities
held in the Trust Account of $5,446,141, interest earned on cash equivalents of $41,335 offset by $1,757,164 of general and administrative
costs.

For
the period from September 27, 2024 (Inception) through September 30, 2024, HVII had a net loss of $10,420 which consisted of general
and administrative costs.

21

Liquidity
and Capital Resources

Until
the consummation of the initial public offering, HVII’s only source of liquidity was an initial purchase of Class B ordinary shares,
par value $0.0001 per share, by HVII’s sponsor for $25,000 and loans from HVII’s sponsor, which were repaid at the closing
of the initial public offering.

On January 21, 2025,
HVII consummated the initial public offering of 19,000,000 units, which includes the partial exercise by the underwriters of their over-allotment
option in the amount of 1,500,000 units, at $10.00 per unit, generating gross proceeds of $190,000,000. Simultaneously with the closing
of the initial public offering, HVII consummated the sale of an aggregate of 690,000 private placement units at a price of $10.00 per
private placement unit, generating gross proceeds of $6,900,000. Of the 690,000 private placement units, 500,000 private placement units
were purchased by the HVII’s sponsor, and an aggregate of 190,000 private placement units were purchased by the underwriters of
HVII’s initial public offering: Cohen & Company Capital Markets (133,000); Clear Street LLC (28,500); and Loop Capital Markets
LLC (28,500).

Following
the closing of the initial public offering and the sale of the private placement units, a total of $190,000,000 was placed in the Trust
Account. HVII incurred $12,656,782