Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 25

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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,000 founder shares. As of June 30,
2025 and December 31, 2024, there were 6,333,333 and 6,708,333 Class B ordinary shares issued or outstanding, respectively.

The
founder shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of
a Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions,
share capitalizations, reorganizations, recapitalizations and the like, and subject to further adjustment as provided herein. In the
case that additional Class A ordinary shares, or any other equity-linked securities, are issued or deemed issued in excess of the amounts
sold in the Initial Public Offering and related to or in connection with the closing of a Business Combination, the ratio at which Class
B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B
ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary
shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, 25% of the sum of (i) the total number of
all Class A ordinary shares outstanding upon the completion of the Initial Public Offering (including any Class A ordinary shares issued
pursuant to the Underwriters’ over-allotment option and excluding the private placement shares), plus (ii) all Class A ordinary
shares and equity-linked securities issued or deemed issued, in connection with the closing of a Business Combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in a Business Combination and any private placement-equivalent
shares issued to the Sponsor or any of its affiliates or to the Company’s officers or directors upon conversion of Working Capital
Loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection with a Business Combination; provided
that such conversion of founder shares will never occur on a less than one-for-one basis.

    15

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

Holders
of record of the Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on
all matters to be voted on