Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 88

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 88
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 $182,400,000,
will be available to complete HVII’s initial business combination and pay related fees and expenses (after taking into account
the $7,600,000 of deferred underwriting commissions being held in the trust account).

HVII
may effectuate its initial business combination with a single target business or multiple target businesses simultaneously or within
a short period of time. However, it may not be able to effectuate its initial business combination with more than one target business
because of various factors, including the existence of complex accounting issues and the requirement that it prepare and file pro forma
financial statements with the SEC that present operating results and the financial condition of several target businesses as if they
had been operated on a combined basis. By completing its initial business combination with only a single entity, HVII’s lack of
diversification may subject it to numerous economic, competitive and regulatory developments. Further, it would not be able to diversify
its operations or benefit from the possible spreading of risks or offsetting of losses, unlike other entities which may have the resources
to complete several business combinations in different industries or different areas of a single industry. In addition, HVII intends
to focus its search for an initial business combination in a single industry. Accordingly, the prospects for its success may be:

  solely                                                                      

  dependent                                                                                       

This
lack of diversification may subject HVII to numerous economic, competitive and regulatory risks, any or all of which may have a substantial
adverse impact upon the particular industry in which it may operate subsequent to its initial business combination.

HVII
may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder its ability to complete
its initial business combination and give rise to increased costs and risks that could negatively impact its operations and profitability.

If
HVII determines to simultaneously acquire several businesses that are owned by different sellers, it will need for each of such sellers
to agree that its purchase of their business is contingent on the simultaneous closings of the other business combinations, which may
make it more difficult for HVII, and delay its ability, to complete its initial business combination. HVII does not, however, intend
to purchase multiple businesses in unrelated industries in conjunction with its initial business combination. With multiple business
combinations, HVII could also face additional risks, including additional burdens and costs with respect to possible multiple negotiations
and due diligence investigations (if there are multiple sellers) and the additional risks associated with the subsequent assimilation
of