Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 28

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 OF FAIR VALUE ASSUMPTIONS USED IN VALUATION OF SHARE RIGHTS

    January 21, 2025 
  
    Underlying share price 
    $9.91 
  
    Pre-adjusted value per share right 
    $0.83 
  
    Market adjustment(1) 
     10.0%
  
    Fair Value per share right 
    $0.083 
  
    Valuation of share rights issued 
    $0.083 

(1)Market adjustment reflects additional factors not fully captured by low volatility selection,
which may include likelihood of a Business Combination occurring, market perception of lack of available or suitable targets, or possible
post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded right
prices to simulated model outputs. The market adjustment was determined by calibrating traded Share Rights prices as of the valuation
dates.

NOTE 9 — SEGMENT
REPORTING

ASC Topic 280, “Segment
Reporting,” establishes standards for companies to report in their financial statement information about operating segments, products,
services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business
activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is
regularly evaluated by the Company’s chief operating decision maker (“CODM”), or group, in deciding how to allocate
resources and assess performance.

The Company’s
CODM has been identified as the Chief Financial Officer, who reviews the assets, operating results, and financial metrics for the Company
as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that
there is only one reportable segment.

    17

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

The CODM assesses performance
for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations
as net income or loss. The measure of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s
performance and making key decisions regarding resource allocation, the CODM reviews the below key metric included in net income or loss:

 SCHEDULE OF SEGMENT

    For Three Months Ended
                                                                                March 31, 2025