Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 7

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 in the United States, with Odyssey Transfer and Trust Company acting as trustee. The funds will be 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. To mitigate
the risk that the Company might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases
the longer that the Company holds investments in the Trust Account, the Company may, at any time (based on the management team’s
ongoing assessment of all factors related to the Company’s potential status under the Investment Company Act), instruct the trustee
to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest bearing
account until the earlier of consummation of the Company’s Business Combination or liquidation of the Company. Except with respect
to interest earned on the funds held in the Trust Account that may be released to the Company to fund its working capital requirements,
subject to an annual limit of 5.0%, and to pay its taxes, other than excise taxes, if any, (“permitted withdrawals”) and up
to $100,000 of interest to pay dissolution expenses, the proceeds from the Initial Public Offering and the sale of the Private Placement
Units will not be released from the Trust Account until the earliest of (i) the completion of the Company’s Business Combination,
(ii) the redemption of the Company’s Class A ordinary shares sold as part of the Units in the Initial Public Offering (the “public
shares”) if the Company is unable to complete its Business Combination within 24 months from the closing of the Initial Public Offering
or by such earlier liquidation date as the Company’s board of directors may approve (the “Completion Window”), subject
to applicable law, or (iii) the redemption of the Company’s public shares properly submitted in connection with a shareholder vote
to amend the Company’s amended and restated memorandum and articles of association to (A) modify the substance or timing of the
Company’s obligation to allow redemption in connection with its Business Combination or to redeem 100% of the Company’s public
shares if the Company has not consummated its Business Combination within