Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 37

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 37
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 memorandum and articles of association and/or trust agreement and will have the discretion to vote in any manner        
 they may choose. Our initial shareholders, officers and directors will agree, pursuant to a letter agreement with us, that they will         
 not propose any amendment to our amended and restated memorandum and articles of association (A) 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 (B) with     
 respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, unless we provide              
 our public shareholders with the opportunity to redeem their 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 earned on the funds held             
 in the trust account (net of permitted withdrawals), divided by the number of then outstanding public shares. Our initial shareholders,      
 officers and directors will enter into a letter agreement with us, pursuant to which they will agree to waive their redemption rights        
 with respect to any founder shares and any public shares held by them in connection with the completion of our initial business combination. 
 Any permitted transferees would be subject to the same restrictions and other agreements of our initial shareholders with respect            
 to any founder shares.                                                                                                                       |

| 31 |

| Release of funds in trust account on closing                                         
 of our initial business combination                                                  |     | On                                                                                                                                            
 the completion of our initial business combination, the funds held in the trust account will be used to pay amounts due to any public         
 shareholders who exercise their redemption rights as described above under “Proposed Business — Redemption                                    
 rights for public shareholders upon completion of our initial business combination,” to pay the underwriters their deferred                   
 underwriting commissions, to pay all or a portion of the consideration payable to the target or owners of the target of our initial           
 business combination and to pay other expenses associated with our initial business combination. If our initial business combination          
 is paid for using equity or debt securities or not all of the funds released from the trust account are used for payment of the consideration 
 in connection with our initial business combination or used for redemption of our public shares, we may apply the balance of the              
 cash released to us from the trust account for general corporate purposes, including for maintenance or expansion of operations of            
 post-transaction businesses, the payment