Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 73

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 73
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 combination with a target company
in another jurisdiction (including, but not limited to, the jurisdiction in which the target company or business is located). As a result,
shareholders and share right holders may be subject to additional income, withholding or other taxes with respect to their ownership
of HVII after its initial business combination.

Because
HVII must furnish its shareholders with target business financial statements, it may lose the ability to complete an otherwise advantageous
initial business combination with some prospective target businesses.

The
federal proxy rules require that a proxy statement with respect to a vote on an initial business combination meeting certain financial
significance tests include historical and/or pro forma financial statement disclosure in periodic reports. HVII will include the same
financial statement disclosure in connection with its tender offer documents, whether or not they are required under the tender offer
rules. These financial statements may be required to be prepared in accordance with, or be reconciled to, accounting principles generally
accepted in the United States of America, or GAAP, or international financial reporting standards as issued by the International Accounting
Standards Board, or IFRS, depending on the circumstances and the historical financial statements may be required to be audited in accordance
with the standards of the Public Company Accounting Oversight Board (United States), or PCAOB. These financial statement requirements
may limit the pool of potential target businesses HVII may acquire because some targets may be unable to provide such financial statements
in time for HVII to disclose such statements in accordance with federal proxy rules and complete its initial business combination within
the prescribed time frame.

Compliance
obligations under the Sarbanes-Oxley Act may make it more difficult for HVII to effectuate its initial business combination, require
substantial financial and management resources, and increase the time and costs of completing an initial business combination.

Section
404 of the Sarbanes-Oxley Act requires that HVII evaluate and report on its system of internal controls beginning with its Annual Report
on Form 10-K for the year ending December 31, 2025. Only in the event HVII is deemed to be a large accelerated filer or an accelerated
filer will it be required to comply with the independent registered public accounting firm attestation requirement on its internal control
over financial reporting. Further, for as long as HVII remains an emerging growth company, it will not be required to comply with the
independent registered public accounting firm attestation requirement on its internal control over financial reporting. The fact that