Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 52

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 52
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 negotiations concerning an initial business combination will be aware that HVII
must complete its initial business combination within the completion window. Consequently, such target business may obtain leverage over
HVII in negotiating an initial business combination, knowing that if HVII does not complete its initial business combination with that
particular target business, HVII may be unable to complete its initial business combination with any target business. This risk will
increase as HVII gets closer to the timeframe described above. In addition, HVII may have limited time to conduct due diligence and may
enter into its initial business combination on terms that it would have rejected upon a more comprehensive investigation.

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HVII
may not be able to complete its initial business combination within the completion window, in which case it would cease all operations
except for the purpose of winding up and it would redeem its public shares and liquidate, in which case its public shareholders may only
receive $10.00 per share, or less than such amount in certain circumstances, and its share rights will expire worthless.

HVII’s
amended and restated memorandum and articles of association provide that it must complete its initial business combination within the
completion window. HVII may not be able to find a suitable target business and complete its initial business combination within such
time period. An increasing number of SPACs have liquidated in 2022 through 2024 due to an inability to complete an initial business combination
within the allotted completion window. Furthermore, HVII’s ability to complete its initial business combination may be negatively
impacted by general market conditions, volatility in the capital and debt markets and the other risks described herein, including the
impact of events such as the war between Russia and Ukraine and the recent escalation of the Israel-Hamas conflict.

If
HVII has not completed its initial business combination within such time period, it will: (i) cease all operations except for the purpose
of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a
per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account including interest earned on the
funds held in the trust account and not previously released to HVII for permitted withdrawals, divided by the number of then outstanding
public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to
receive further liquidating distributions, if any), subject to applicable law and (iii)