Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 47

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 47
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 to negotiate an initial business combination. In order to obtain directors and officers liability insurance or modify its coverage
as a result of becoming a public company, the post-business combination entity might need to incur greater expense, accept less favorable
terms, or both. However, any failure to obtain adequate directors and officers liability insurance could have an adverse impact on the
post-business combination’s ability to attract and retain qualified officers and directors.

In
addition, even after HVII were to complete an initial business combination, HVII’s directors and officers could still be subject
to potential liability from claims arising from conduct alleged to have occurred prior to the initial business combination. As a result,
in order to protect HVII’s directors and officers, the post-business combination entity may need to purchase additional insurance
with respect to any such claims (“run-off insurance”). The need for run-off insurance would be an added expense for the post-business
combination entity and could interfere with or frustrate HVII’s ability to consummate an initial business combination on terms
favorable to HVII’s investors.

HVII
may engage one or more of its underwriters or one of their respective affiliates to provide additional services to HVII, which may include
acting as M& A advisor in connection with an initial business combination or as placement agent in connection with a related financing
transaction. HVII’s underwriters are entitled to receive deferred underwriting commissions that will be released from the trust
account only upon a completion of an initial business combination. These financial incentives may cause them to have potential conflicts
of interest in rendering any such additional services to HVII, including, for example, in connection with the sourcing and consummation
of an initial business combination.

HVII
may engage one or more of its underwriters or one of their respective affiliates to provide additional services to HVII, including, for
example, identifying potential targets, providing M& A advisory services, acting as a placement agent in a private offering, or arranging
debt financing transactions. HVII may pay such underwriter or its affiliate fair and reasonable fees or other compensation that would
be determined at that time in an arm’s length negotiation. No agreement was entered into with any of the underwriters or their
respective affiliates and no fees or other compensation for such services was paid to any of the underwriters or their respective affiliates
prior to the date that was 60 days from the date of the IPO.

The
underwriters are also entitled to receive deferred underwriting commissions that are