Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 35

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 35
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 then on deposit in the
trust account, including interest (net of permitted withdrawals and up to $100,000 of interest to pay dissolution expenses), divided
by the number of then outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders
(including the right to receive further liquidating distributions, if any), subject to applicable law; and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of HVII’s remaining shareholders and its board of directors, liquidate
and dissolve, subject in each case to HVII’s obligations under Cayman Islands law to provide for claims of creditors and the requirements
of other applicable law. There will be no redemption rights or liquidating distributions with respect to share rights, which will expire
worthless if HVII fails to complete its initial business combination within the completion window.

HVII’s
initial shareholders, officers and directors have entered into a letter agreement with HVII, pursuant to which they have waived their
rights to liquidating distributions from the trust account with respect to any founder shares held by them if HVII fails to complete
its initial business combination within the completion window. However, if HVII’s sponsor or any of its officers and directors
acquires public shares after HVII’s initial public offering, they will be entitled to liquidating distributions from the trust
account with respect to such public shares if HVII fails to complete its initial business combination within the completion window.

HVII’s
initial shareholders, officers and directors have agreed, pursuant to a letter agreement with HVII, that they will not propose any amendment
to HVII’s amended and restated memorandum and articles of association (i) 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 (ii) with respect to any other provision
relating to shareholders’ rights or pre-initial business combination activity, unless HVII provides its public shareholders with
the opportunity to redeem their Class A ordinary shares upon approval of any such amendment at a per share price, payable in cash, equal
to the aggregate amount then on deposit in the trust account, including interest (net of permitted withdrawals), divided by the number
of then outstanding public shares.

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HVII
expects that all costs and expenses associated with implementing its plan of dissolution, as