Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 280

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 280
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 proposed transaction.

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HVII’s proposed initial business combination may impose a minimum cash requirement for: (i) cash consideration to be paid to the target or its owners; (ii) cash to be transferred to the target for working capital or other general corporate purposes; or (iii) the retention of cash to satisfy other conditions in accordance with the terms of the proposed business combination. In the event the aggregate cash consideration HVII would be required to pay for all HVII Class A Ordinary Shares that are validly submitted for redemption plus any amount required to satisfy cash conditions pursuant to the terms of the proposed business combination exceed the aggregate amount of cash available to HVII, it will not complete the business combination or redeem any shares, and all HVII Class A Ordinary Shares submitted for redemption will be returned to the holders thereof.

Limitation on Redemption Upon Completion of HVII’s Initial Business Combination if it Seeks HVII Public Shareholder Approval

Notwithstanding the foregoing, if HVII seeks HVII Public Shareholder approval of its initial business combination and it does not conduct redemptions in connection with its initial business combination pursuant to the tender offer rules, the HVII Charter provides that a HVII Public Shareholder, together with any affiliate of such HVII Public Shareholder or any other person with whom such HVII Public Shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), is restricted from seeking redemption rights with respect to more than an aggregate of 15% of the HVII Public Shares sold in the IPO (“Excess Shares”), without its prior consent. HVII believes this restriction will discourage HVII Public Shareholders from accumulating large blocks of shares, and subsequent attempts by such holders to use their ability to exercise their redemption rights against a proposed business combination as a means to force HVII or its affiliates to purchase their HVII Public Shares at a significant premium to then-current market price or on other undesirable terms. Absent this provision, a HVII Public Shareholder holding more than an aggregate of 15% of the Public Shares sold in the IPO could threaten to exercise its redemption rights if such holder’s HVII Public Shares are not purchased by HVII or its affiliates at a premium to then-current market price or on other undesirable terms. By limiting HVII Public Shareholders’ ability to redeem no more than 15% of the HVII Public Shares sold in the IPO, HVII believes it will limit the ability of a small group of HVII Public Shareholders to