Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 83

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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II’s ability to identify a suitable target
and to complete a business combination. If HVII completes a business combination with such a target, the post-business combination company’s
operations and financial results could be adversely affected as a result of tariffs or changes to trade policies, which may cause the
market value of the securities of the post-business combination company to decline.

25

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On October 8, 2024, HVII’s
sponsor purchased an aggregate of 5,750,000 Class B ordinary shares for an aggregate purchase price of $25,000, or approximately $0.004
per share. On January 10, 2025, HVII issued to HVII’s sponsor an additional 958,333 Class B ordinary shares for no additional consideration,
resulting in HVII’s sponsor holding a total of 6,708,333 Class B ordinary shares. The number of Class B ordinary shares issued was
determined based on the expectation that the Class B ordinary shares would represent 25% of the outstanding ordinary shares of HVII upon
completion of HVII’s initial public offering. In December 2024, HVII’s sponsor transferred 250,000 Class B ordinary shares
to Nicholas Geeza, HVII’s Executive Vice President, Chief Financial Officer and Secretary and an aggregate of 130,000 Class B ordinary
shares to its independent directors. In January 2025, HVII’s sponsor transferred 750,000 Class B ordinary shares to Thomas D. Hennessy,
HVII’s President and Chief Operating Officer.

On January 21, 2025, HVII consummated
the initial public offering of 19,000,000 units, which includes the partial exercise by the underwriters of their over-allotment option
in the amount of 1,500,000 units, at $10.00 per unit, generating gross proceeds of $190,000,000. Each unit consists of one Class A ordinary
share and one right to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation of a business combination.

Simultaneously with the closing
of HVII’s initial public offering, HVII consummated the private placement and sale of an aggregate of 690,000 private placement
units at a price of $10.00 per private placement unit, generating gross proceeds to HVII of $6