Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 26

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 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, as a result of approving a transfer
by way of continuation in a jurisdiction outside the Cayman Islands). Holders of the Class A ordinary shares will not be entitled to vote
on these matters during such time. These provisions of the amended and restated memorandum and articles of association may only be amended
if approved by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of
the consummation of a Business Combination, 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 of the Company.

Share Rights
— Except in cases where the Company is not the surviving company in a Business Combination, each holder of a Share Right
will automatically receive one-twelfth (1/12) of one Class A ordinary share upon consummation of its Business Combination. The Company
will not issue fractional shares in connection with an exchange of Share Rights. Fractional shares will either be rounded down to the
nearest whole share or otherwise addressed in accordance with the applicable provisions of Cayman law. In the event the Company is not
the surviving company upon completion of its Business Combination, each holder of a Share Right will be required to affirmatively convert
his, her or its Share Rights in order to receive the one-twelfth (1/12) of one Class A ordinary share underlying each Share Right upon
consummation of its Business Combination. If the Company is unable to complete its Business Combination within the required time period
and the Company will redeem the public shares for the funds held in the Trust Account, holders of Share Rights will not receive any of
such funds for their Share Rights and the Share Rights will expire worthless.

NOTE 8 — FAIR VALUE
MEASUREMENTS 

The fair value of
the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received
in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between
market participants at the measurement date.