Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 65

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 in a Business Combination and any private placement-equivalent
shares issued to the Sponsor or any of its affiliates or to the Company’s officers or directors upon conversion of Working Capital
Loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection with a Business Combination; provided
that such conversion of founder shares will never occur on a less than one-for-one basis.

    15

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

Holders
of record of the Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on
all matters to be voted on by shareholders. Unless specified in the amended and restated memorandum and articles of association or as
required by the Companies Act or stock exchange rules, an ordinary resolution under Cayman Islands law and the amended and restated memorandum
and articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company is generally
required to approve any matter voted on by the Company’s shareholders. Approval of certain actions require a special resolution
under Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds of the votes cast by
such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting,
and pursuant to the Company’s amended and restated memorandum and articles of association, such actions include amending the amended
and restated memorandum and articles of association and approving a statutory merger or consolidation with another company. There is
no cumulative voting with respect to the appointment of directors, meaning, following the Company’s Business Combination, the holders
of more than 50% of the ordinary shares voted for the appointment of directors can elect all of the directors. Prior to the consummation
of a Business Combination, only holders of the Class B ordinary shares will (i) have the right to vote on the appointment and removal
of directors and (ii) be entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any special
resolution required to amend the constitutional documents or to adopt new constitutional documents, in each case,