Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 108

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 108
---
 loans or their respective permitted
transferees are registered.

  61  

HVII
may issue additional ordinary shares or preference shares to complete its initial business combination or under an employee incentive
plan after completion of its initial business combination. HVII may also issue Class A ordinary shares upon the conversion of the Class
B ordinary shares at a ratio greater than one-to-one at the time of its initial business combination as a result of the anti-dilution
provisions contained in its amended and restated memorandum and articles of association. Any such issuances would dilute the interest
of HVII’s shareholders and likely present other risks.

HVII’s
amended and restated memorandum and articles of association authorizes the issuance of up to 200,000,000 Class A ordinary shares, par
value $0.0001 per share, 20,000,000 Class B ordinary shares, par value $0.0001 per share and 1,000,000 preference shares, par value $0.0001
per share. There are 180,310,000 and 13,291,667 authorized but unissued Class A ordinary shares and Class B ordinary shares, respectively,
available for issuance, which amount does not take into account the Class A ordinary shares underlying the share rights and the private
placement share rights reserved for issuance or the Class A ordinary shares issuable upon conversion of Class B ordinary shares. There
are no preference shares issued and outstanding. Class B ordinary shares are convertible into Class A ordinary shares initially at a
one-for-one ratio but subject to adjustment as set forth herein, including in certain circumstances in which HVII issues Class A ordinary
shares or equity-linked securities related to its initial business combination.

HVII
may issue a substantial number of additional ordinary shares or preference shares to complete its initial business combination or under
an employee incentive plan after completion of its initial business combination (although its amended and restated memorandum and articles
of association provides that HVII may not issue securities that can vote with public shareholders on matters related to its pre-initial
business combination activity). HVII may also issue Class A ordinary shares upon conversion of the Class B ordinary shares at a ratio
greater than one-to-one at the time of its initial business combination as a result of the anti-dilution provisions contained in its
amended and restated memorandum and articles of association. However, its amended and restated memorandum and articles of association
provides, among other things, that prior to its initial