Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 57

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 57
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 implicated.

The
process of government review, whether by CFIUS or otherwise, could be lengthy. Because HVII has only a limited time to complete its initial
business combination, HVII’s failure to obtain any required approvals within the requisite time period may require HVII to liquidate.
If HVII is unable to consummate its initial business combination within the applicable time period required under its amended and restated
memorandum and articles of association, including as a result of extended regulatory review of a potential initial business combination,
HVII will, as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares for a pro rata
portion of the funds held in the trust account and as promptly as reasonably possible following such redemption, subject to the approval
of HVII’s remaining shareholders and HVII’s 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. In such event,
HVII’s shareholders will miss the opportunity to benefit from an investment in a target company and the appreciation in value of
such investment. Additionally, HVII’s share rights will be worthless.

  33  

Members
of HVII’s management team and board of directors have significant experience as founders, board members, officers, executives,
employees or service providers of other companies. Certain of those persons have been, are currently, or may become, involved in litigation,
investigations or other proceedings, including related to those companies or otherwise. This may have an adverse effect on HVII, which
may impede HVII’s ability to consummate an initial business combination.

During
the course of their careers, members of HVII’s management team and board of directors have had significant experience as founders,
board members, officers, executives, employees or service providers of other companies. Certain of those persons have been, are currently,
or may in the future become involved in litigation, investigations or other proceedings, including relating to the business affairs of
such companies, transactions entered into by such companies, or otherwise. In his capacity as a director and an executive officer of
Hennessy IV, Daniel J. Hennessy, HVII’s Chairman and Chief Executive Officer, was a named defendant in In re Hennessy Capital
Acquisition Corp. IV Stockholder Litigation

If
a shareholder fails to receive notice of HVII’s offer to redeem HVII’s public shares in connection