Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 131

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part II, Item 1A
Chunk 131
---
’s sponsor transferred 750,000 Class B ordinary shares to Thomas D. Hennessy,
HVII’s President and Chief Operating Officer.

On January 21, 2025, HVII consummated
the initial public offering of 19,000,000 units, which includes the partial exercise by the underwriters of their over-allotment option
in the amount of 1,500,000 units, at $10.00 per unit, generating gross proceeds of $190,000,000. Each unit consists of one Class A ordinary
share and one right to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation of a business combination.

Simultaneously with the closing
of HVII’s initial public offering, HVII consummated the private placement and sale of an aggregate of 690,000 private placement
units at a price of $10.00 per private placement unit, generating gross proceeds to HVII of $6,900,000. Of the 690,000 private placement
units, 500,000 private placement units were purchased by HVII’s sponsor and 190,000 private placement units were purchased by the
underwriters. The private placement units are identical to the units sold in HVII’s initial public offering, except that (i) the
private placement units (and the Class A ordinary shares and share rights underlying the private placement units and the Class A ordinary
shares issuable upon conversion of the share rights) may not be transferred, assigned or sold, subject to certain limited exceptions set
forth in the letter agreement and as described in the registration statement filed in connection with HVII’s initial public offering,
until 30 days after the completion of the HVII’s business combination, and (ii) the holders of the private placement units are entitled
to certain registration rights in respect thereof (and with respect to the Class A ordinary shares and share rights underlying such private
placement units and the Class A ordinary shares issuable upon conversion of the share rights). The issuance of the private placement units
was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The underwriters of HVII’s
initial public offering were entitled to a cash underwriting discount of $0.20 per unit, or $3,800,000 in the aggregate, which were paid
to the underwriters in cash at the closing of the initial public offering. Additionally, the underwriters are entitled to a