Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 28

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 each Share Right
upon consummation of its Business Combination. If the Company is unable to complete its Business Combination within the required time
period and the Company will redeem the public shares for the funds held in the Trust Account, holders of Share Rights will not receive
any of such funds for their Share Rights and the Share Rights will expire worthless.

NOTE
8 — FAIR VALUE MEASUREMENTS

The
fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

Level
1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which
transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level
2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets
or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

Level
3: Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

    16

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(UNAUDITED)

At
September 30, 2025, assets held in the Trust Account were comprised of $195,206,616 in a money market account. At December 31, 2024,
there were no assets held in the Trust Account. The Company has not withdrawn any interest income from the Trust Account.

The
following table presents information about the Company’s assets that are measured at fair value, and indicates the fair value hierarchy
of the valuation inputs the Company utilized to determine such fair value:

 SCHEDULE OF ASSETS MEASURED AT