Company: HVIIR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002259
Chunk: 114

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-15
Form: S-1/A
Chunk 114
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 trust account. However, assuming 50% of our public shares were redeemed by our public  
 shareholders, $3,500,000 (or $4,025,000 if the underwriters’ option to purchase additional units is exercised                         
 in full) would be paid as deferred underwriting commissions to the underwriters from the remaining funds held in the trust account.   
 The balance of any funds in the trust account would be released to us, which can be used to pay all or a portion of the purchase      
 price of the business or businesses with which our initial business combination occurs or for general corporate purposes, including   
 payment of principal or interest on indebtedness incurred in connection with our initial business combination, to fund the purchases  
 of other companies or for working capital. The underwriters will not be entitled to any interest accrued on the deferred underwriting 
 discounts and commissions.                                                                                                            |

| (4) | These                                                                                                                                     
 expenses are estimates only. Our actual expenditures for some or all of these items may differ from the estimates set forth herein.       
 For example, we may incur greater legal and accounting expenses than our current estimates in connection with negotiating and structuring 
 our initial business combination based upon the level of complexity of such business combination. In the event we identify a business     
 combination target in a specific industry subject to specific regulations, we may incur additional expenses associated with legal         
 due diligence and the engagement of special legal counsel. In addition, our staffing needs may vary and as a result, we may engage        
 a number of consultants to assist with legal and financial due diligence. We do not anticipate any change in our intended use of          
 proceeds, other than fluctuations among the current categories of allocated expenses, which fluctuations, to the extent they exceed       
 current estimates for any specific category of expenses, would not be available for our expenses. The proceeds held in the trust          
 account will be (i) invested only in U.S. government treasury obligations with a maturity of 185 days or less or in                       
 money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct               
 U.S. government treasury obligations, and/or (ii) deposited in an interest-bearing demand deposit account at a U.S.-chartered             
 commercial bank with consolidated assets of $50 billion or more. We estimate the interest earned on the trust account will be             
 approximately $8,750,000 per year, assuming no exercise of the underwriters’ option to purchase additional units and                      
 an interest rate of 5.0