Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 72

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 72
---
 not be able to properly ascertain or assess all of the significant
risk factors and it may not have adequate time to complete due diligence. Furthermore, some of these risks may be outside of HVII’s
control and leave it with no ability to control or reduce the chances that those risks will adversely impact a target business.

HVII
is not required to obtain a fairness opinion and consequently, shareholders may have no assurance from an independent source that the
price HVII is paying for the business is fair to the company from a financial point of view.

Unless
HVII completes its initial business combination with an affiliated entity or its board cannot independently determine the fair market
value of the target business or businesses, HVII is not required to obtain an opinion from an independent investment banking firm or
another independent entity that commonly renders valuation opinions that the price it is paying is fair to the company from a financial
point of view. If no opinion is obtained, HVII’s shareholders will be relying on the judgment of its board of directors, who will
determine fair market value based on standards generally accepted by the financial community. Such standards used will be disclosed in
HVII’s proxy materials or tender offer documents, as applicable, related to its initial business combination.

  41  

Transactions
in connection with or in anticipation of HVII’s initial business combination and its structure thereafter may not be tax-efficient
to its shareholders and share right holders. As a result of HVII’s business combination, its tax obligations may be more complex,
burdensome and uncertain.

Although
HVII will attempt to structure transactions in connection with its initial business combination in a tax-efficient manner, tax structuring
considerations are complex, the relevant facts and law are uncertain and may change, and HVII may prioritize commercial and other considerations
over tax considerations. For example, in anticipation of or as a result of HVII’s initial business combination and subject to requisite
shareholder approval, HVII may enter into one or more transactions that require shareholders and/or share right holders to recognize
gain or income for tax purposes or otherwise increase their tax burden. HVII does not intend to make any cash distributions to shareholders
or share right holders to pay taxes in connection with its business combination or thereafter. Accordingly, a shareholder or a share
right holder may be required to satisfy any liability resulting from any such transactions with cash from its own funds or by selling
all or a portion of such holder’s shares or share rights. In addition, HVII may effect a business