Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 34

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 34
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 (i) to modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with            
 an initial business combination or to redeem 100% of our public shares if we have not consummated our initial business combination       
 within the completion window or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial                 
 business combination activity; and (3) the redemption of all of our public shares if we are unable to complete our initial business      
 combination within the completion window, subject to applicable law. The proceeds deposited in the trust account could become subject    
 to the claims of our creditors, if any, which could have priority over the claims of our public shareholders.                            |
| Anticipated                             
 expenses and funding sources            |     | Unless                                                                                                                                   
 and until we complete our initial business combination, no proceeds held in the trust account will be available for our use, except      
 permitted withdrawals. The funds in the trust account will be (i) invested only in U.S. government treasury bills with                   
 a maturity of 185 days or less or in money market funds that meet certain conditions under Rule 2a-7 under the Investment                
 Company Act and that invest only in direct U.S. government obligations and/or (ii) deposited in an interest-bearing demand               
 deposit account at a U.S.-chartered commercial bank with consolidated assets of $50 billion or more. Based upon current interest         
 rates, we expect the trust account to generate approximately $8,750,000 of interest annually (assuming no exercise of the                
 underwriters’ option to purchase additional units and an interest rate of 5.0% per year); however, we can provide no assurances          
 regarding this amount. Unless and until we complete our initial business combination, we may pay our expenses only from such interest    
 withdrawn from the trust account and any loans or additional investments from our sponsor, members of our management team or any         
 of their respective affiliates or other third parties, although they are under no obligation or other duty to loan funds to, or invest   
 in, us, and provided that any such loans will not have any claim on the proceeds held in the trust account unless such proceeds are      
 released to us upon completion of our initial business combination. If we complete our initial business combination, we expect to        
 repay such loaned amounts out of the proceeds of the trust account released to us. In the event that our initial business combination    
 does not close, we may use a portion of the working capital held