Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 28

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 28
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 combination, including interest (net of permitted withdrawals),
divided by the number of then outstanding public shares, subject to the limitations described herein. The amount in the trust account
as of January 21, 2025 is approximately $10.00 per public share, net of accrued taxes. The per share amount HVII will distribute to investors
who properly redeem their shares will not be reduced by the deferred underwriting commissions HVII will pay to the underwriters. The
redemption right will include the requirement that any beneficial owner on whose behalf a redemption right is being exercised must identify
itself in order to validly redeem its shares. Each public shareholder may elect to redeem its public shares irrespective of whether they
vote for or against, or vote at all in connection with, the proposed transaction. There will be no redemption rights upon the completion
of HVII’s initial business combination with respect to share rights. HVII’s initial shareholders, officers and directors
have entered into a letter agreement with HVII, pursuant to which they agreed to waive their redemption rights with respect to any founder
shares and any public shares held by them in connection with the completion of HVII’s initial business combination.

Manner
of Conducting Redemptions

HVII
will provide its public shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion
of its initial business combination either: (1) in connection with a general meeting called to approve the business combination; or (2)
by means of a tender offer. The decision as to whether HVII will seek shareholder approval of a proposed business combination or conduct
a tender offer will be made by HVII, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction
and whether the terms of the transaction would require HVII to seek shareholder approval under applicable law or stock exchange listing
requirements. Under Nasdaq rules, asset acquisitions and share purchases would not typically require shareholder approval while direct
mergers with HVII where it does not survive and any transactions where it issues more than 20% of its outstanding ordinary shares or
seeks to amend its amended and restated memorandum and articles of association would require shareholder approval. If HVII structures
a business combination transaction with a target company in a manner that requires shareholder approval, it will not have discretion
as to whether to seek a shareholder vote to approve the proposed business combination. HVII currently intends to conduct redemptions
pursuant to a