Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 63

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 the event the Company completes its Business Combination.

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HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

Deferred
Legal Fees

As
of June 30, 2025, the Company had a total deferred legal fee of $775,000, of which $175,000 was related to general matters and $600,000
was related to the Initial Public Offering and charged to offering costs, all of which is to be paid to the Company’s legal advisors
upon consummation of its Business Combination. As of December 31, 2024, the Company had a total deferred legal fee of $450,000, all of
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