Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 283

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 283
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 HVII Public Shares electing to redeem their HVII Public Shares will be distributed promptly after the completion of HVII’s initial business combination.

If HVII’s initial business combination is not approved or completed for any reason, then HVII Public Shareholders who elected to exercise their redemption rights would not be entitled to redeem their HVII Public Shares for the applicable pro rata share of the Trust Account. In such case, HVII will promptly return any certificates delivered by holders of HVII Public Shares who elected to redeem their HVII Public Shares.

If HVII’s initial proposed business combination is not completed, it may continue to try to complete a business combination with a different target until the end of the completion window.

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Redemption of HVII Public Shares and Liquidation if no Initial Business Combination

The HVII Charter provides that HVII will have only the time of the completion window to complete its initial business combination. If HVII is unable to complete its initial business combination within such completion window, it will: (i) cease all operations except for the purpose of winding up; (ii) 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 (net of permitted withdrawals and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding HVII Public Shares, which redemption will completely extinguish HVII Public Shareholders’ rights as HVII Public Shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law; and (iii) as promptly as reasonably possible following such redemption, subject to the approval of HVII’s remaining shareholders and the HVII Board, liquidate and dissolve, subject in each case to HVII’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to HVII Share Rights, which will expire worthless if HVII fails to complete its initial business combination within the completion window.

The Initial Shareholders and HVII’s officers and directors have entered into the Letter Agreement, pursuant to which they have waived their rights to liquidating distributions from the Trust Account with respect to any Founder Shares held by them if HVII fails to complete its initial business combination within the completion window. However, if the Sponsor or any of HVII’s officers and directors acquires HVII Public