Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 24

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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which was related to the Initial Public Offering and charged to offering costs. As the settlement or liquidation of amounts of deferred
legal fees are not reasonably expected to require the use of current assets or require the creation of current liabilities, the amount
is classified as a non-current liability in the accompanying balance sheets as of June 30, 2025 and December 31, 2024.

NOTE
7 — SHAREHOLDERS’ DEFICIT

Preference
Shares — The Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of
June 30, 2025 and December 31, 2024, there were no preference shares issued or outstanding.

Class
A Ordinary Shares — The Company is authorized to issue a total of 200,000,000 Class A ordinary shares at par value of $0.0001
each. As of June 30, 2025 and December 31, 2024, there were 690,000 and 0 Class A ordinary shares issued or outstanding, respectively,
excluding the 19,000,000 Class A ordinary shares subject to possible redemption as of June 30, 2025.

Class
B Ordinary Shares — The Company is authorized to issue a total of 20,000,000 Class B ordinary shares at par value of $0.0001
each. On October 8, 2024, the Sponsor made a capital contribution of $25,000, or approximately $0.004 per share, for which the Company
issued 5,750,000 founder shares to the Sponsor. On January 10, 2025, the Company issued an additional 958,333 founder shares (up to 125,000
shares of which are subject to forfeiture depending on the extent to which the Underwriters’ over-allotment option was exercised)
for no additional consideration, resulting in the Sponsor holding a total of 6,708,333 founder shares (up to 875,000 of which were subject
to forfeiture by the holders thereof depending on the extent to which the Underwriters’ option to purchase additional units was
exercised). On January 21, 2025, the underwriters partially exercised their over-allotment option in the amount of 1,500,000 Units and
forfeited the remaining unexercised balance of 1,125,000 Units, resulting in the forfeiture of 375