Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 124

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 124
---
 in nature. In those circumstances, although there is no statutory enforcement
in the Cayman Islands of judgments obtained in the United States, the courts of the Cayman Islands will recognize and enforce a foreign
money judgment of a foreign court of competent jurisdiction without retrial on the merits based on the principle that a judgment of a
competent foreign court imposes upon the judgment debtor an obligation to pay the sum for which judgment has been given provided certain
conditions are met. For a foreign judgment to be enforced in the Cayman Islands, such judgment must be final and conclusive and for a
liquidated sum, and must not be in respect of taxes or a fine or penalty, inconsistent with a Cayman Islands judgment in respect of the
same matter, impeachable on the grounds of fraud or obtained in a manner, or be of a kind the enforcement of which is, contrary to natural
justice or the public policy of the Cayman Islands (awards of punitive or multiple damages may well be held to be contrary to public
policy). A Cayman Islands Court may stay enforcement proceedings if concurrent proceedings are being brought elsewhere.

As
a result of all of the above, public shareholders may have more difficulty in protecting their interests in the face of actions taken
by HVII’s management team or controlling shareholders than they would as public shareholders of a United States company.

Holders
of Class A ordinary shares will not be entitled to vote on any appointment or removal of directors and to continue HVII in a jurisdiction
outside the Cayman Islands prior to HVII’s initial business combination.

Prior
to HVII’s initial business combination, only holders of HVII’s founder shares will have the right to vote on the appointment
of directors and to continue HVII in a jurisdiction outside the Cayman Islands. Holders of HVII’s public shares will not be entitled
to vote on the appointment of directors or to continue HVII in a jurisdiction outside the Cayman Islands during such time. In addition,
prior to HVII’s initial business combination, holders of a majority of HVII’s founder shares may remove a member of the board
of directors for any reason. Accordingly, public shareholders will not have any say in the management of HVII prior to the consummation
of an initial business combination.

  70  

HVII
is an emerging growth company and a smaller reporting company within the meaning of the rules adopted by the Securities and Exchange
Commission, and if HVII takes advantage of certain exemptions from disclosure requirements available to emerging growth companies