Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 40

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 40
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 the earliest to occur of: (i) HVII’s completion
of an initial business combination, and then only in connection with those Class A ordinary shares that such shareholder properly elected
to redeem, subject to the limitations described herein, (ii) the redemption of any public shares properly submitted in connection with
a shareholder vote to amend HVII’s amended and restated memorandum and articles of association (A) to modify the substance or timing
of HVII’s obligation to provide for the redemption of its public shares in connection with an initial business combination or to
redeem 100% of its public shares if HVII has not consummated its initial business combination within the completion window or (B) with
respect to any other provision relating to shareholders’ rights or pre-initial business combination activity and (iii) the redemption
of HVII’s public shares if HVII is unable to complete an initial business combination within the completion window, subject to
applicable law and as further described herein. In no other circumstances will a shareholder have any right or interest of any kind to
or in the trust account. In the event HVII seeks shareholder approval in connection with its initial business combination, a shareholder’s
voting in connection with HVII’s initial business combination alone will not result in a shareholder’s redeeming its shares
to HVII for an applicable pro rata share of the trust account. Such shareholder must have also exercised its redemption rights described
above.

  22  

Amended
and Restated Memorandum and Articles of Association

HVII’s
amended and restated memorandum and articles of association contain certain requirements and restrictions relating to its initial public
offering that will apply to HVII until the consummation of its initial business combination. If HVII seeks to amend any provisions of
its amended and restated memorandum and articles of association (A) to modify the substance or timing of HVII’s obligation to provide
for the redemption of its public shares in connection with an initial business combination or to redeem 100% of its public shares if
HVII has not consummated its initial business combination within the completion window or (B) with respect to any other provision relating
to shareholders’ rights or pre-initial business combination activity, HVII will provide public shareholders with the opportunity
to redeem their public shares in connection with any such vote. HVII’s initial shareholders, officers and directors have agreed
to waive any redemption rights with respect to any founder shares and any public shares held by them in connection