Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 62

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 62
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 funds available to it outside of the trust account and the permitted withdrawals will be sufficient to allow it to operate for at
least the completion window; however, HVII cannot assure investors that its estimate is accurate.

Of
the funds available to HVII, it could use a portion of the funds available to it to pay fees to consultants to assist it with its search
for a target business. HVII could also use a portion of the funds as a down payment or to fund a “no-shop” provision (a provision
in letters of intent or merger agreements designed to keep target businesses from “shopping” around for transactions with
other companies on terms more favorable to such target businesses) with respect to a particular proposed initial business combination,
although HVII does not have any current intention to do so. If HVII entered into a letter of intent or merger agreement where it paid
for the right to receive exclusivity from a target business and were subsequently required to forfeit such funds (whether as a result
of its breach or otherwise), it might not have sufficient funds to continue searching for, or conduct due diligence with respect to,
a target business. If HVII is unable to complete its initial business combination, its public shareholders may receive only approximately
$10.00 per share on the liquidation of its trust account and its share rights will expire worthless.

  36  

If
the net proceeds of HVII’s initial public offering and the sale of the private placement units not being held in the trust account
and the permitted withdrawals are insufficient, it could limit the amount available to fund HVII’s search for a target business
or businesses and complete its initial business combination and HVII will depend on permitted withdrawals and loans from its sponsor
or management team to fund its search for an initial business combination, to pay its taxes and to complete its initial business combination.
If HVII is unable to obtain these loans, it may be unable to complete its initial business combination.

Of
the net proceeds of HVII’s initial public offering and the sale of the private placement units, only approximately $ $1,843,218
were available to HVII outside the trust account to fund its working capital requirements. HVII believes that the funds available to
it outside of the trust account will be sufficient to allow it to operate for at least the completion window; however, HVII cannot assure
investors that its estimate is accurate. If HVII is required to seek additional capital, it would need to borrow funds from its sponsor,
management team