Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 11

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 11
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 origination activities are a core competency that it believes allows it to
select value-maximizing opportunities for its shareholders, consistent with its investment strategy. Once a letter of intent is signed
with a target, HVII’s team of advisors and consultants is activated, and comprehensive due diligence activities are undertaken
and overseen by HVII, including a review of the target’s financial statements and model, IPO readiness, commercial and competitive
analysis, operations and performance improvement, strategic growth opportunities, as well as customary legal and accounting due diligence.
This network of advisors has supported HCG since inception in 2013 and is now highly familiar with the SPAC vehicle and HVII’s
comprehensive due diligence process. HVII believes that its network of established third-party advisors and relationships represents
an attractive and differentiated value proposition for investors, sellers, target companies and their management teams. The HVII management
team identified and evaluated over 390 potential acquisition target companies and completed meaningful reviews of 115 potential acquisition
targets.

Investment
Strategy

HVII’s
investment strategy is directed at industrial technology and energy transition targets of $500 million or greater in expected aggregate
enterprise value and is informed and validated by its research and analysis and complemented by what it believes are favorable market
conditions for the SPAC asset class.

   6  

HVII’s
Acquisition Criteria

HVII
has identified the following general criteria and guidelines that it believes are important in evaluating prospective target businesses.
HVII has used these criteria and guidelines in evaluating acquisition opportunities, but it may decide to enter into its initial business
combination with a target business that does not meet these criteria and guidelines.

  $500                                                                                                
  Large                                                                                               
  Scalable                                                                                            
  Strong                                                                                              
  Experienced                                                                                         
  Partnership                                                                                         
  Benefit                                                                                             

These
criteria are not intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be
based, to the extent relevant, on these general guidelines as well as other considerations, factors and criteria that HVII’s management
may deem relevant. These criteria are substantially similar to the criteria set forth by Hennessy I, Hennessy II, Hennessy III, Hennessy
IV, Hennessy V and Hennessy VI for their respective initial business combinations. All of the previously completed Hennessy Capital business
combinations have met substantially all of the aforementioned criteria, with the exception of Hennessy I, which was targeting a smaller
business combination.