Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 115

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 115
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ation
of the business combination. HVII will not issue fractional shares in connection with an exchange of share rights. As a result, holders
must hold share rights in multiples of 12 in order to receive Class A ordinary shares for all of their share rights upon closing of a
business combination. If HVII is unable to complete an initial business combination within the required time period and HVII redeems
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.

The
determination of the offering price of HVII’s units and the size of its initial public offering is more arbitrary than the pricing
of securities and size of an offering of an operating company in a particular industry. Investors may have less assurance, therefore,
that the offering price of HVII’s units properly reflects the value of such units than they would have in a typical offering of
an operating company.

Prior
to HVII’s initial public offering, there was no public market for any of HVII’s securities. The public offering price of
the units and the terms of the share rights were determined through discussions between HVII and the underwriters. In determining the
size of HVII’s initial public offering, management held customary organizational meetings with representatives of the underwriters,
both prior to HVII’s inception and thereafter, with respect to the state of capital markets, generally, and the amount the underwriters
believed they reasonably could raise on HVII’s behalf. Factors considered in determining the size of HVII’s offering, prices
and terms of the units, including the Class A ordinary shares and share rights underlying the units, include:

  the                                                                                                 

  prior                          

  HVII’s                                          

  HVII’s              

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  general                                                                              

  other                             

Although
these factors were considered, the determination of HVII’s offering price is more arbitrary than the pricing of securities of an
operating company in a particular industry since HVII has no historical operations or financial results.

  65  

A
market for HVII’s securities may not develop, which would adversely affect the liquidity and price of HVII’s securities.

The
price of HVII’s securities may vary significantly due to one or more potential business combinations and general market or economic
conditions. Furthermore, an active trading market for HVII’s securities may never develop or, if developed, it may not be sustained.
Investors