Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 58

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 58
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 with the initial business
combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.

HVII
will comply with the tender offer rules or proxy rules, as applicable, when conducting redemptions in connection with HVII’s initial
business combination. Despite HVII’s compliance with these rules, if a shareholder fails to receive HVII’s tender offer or
proxy materials, as applicable, such shareholder may not become aware of the opportunity to redeem its shares. In addition, proxy materials
or tender offer documents, as applicable, that HVII will furnish to holders of HVII’s public shares in connection with the initial
business combination will describe the various procedures that must be complied with in order to validly tender or redeem public shares.
For example, HVII may require HVII’s public shareholders seeking to exercise their redemption rights, whether they are record holders
or hold their shares in “street name,” to either tender their certificates to HVII’s transfer agent prior to the date
set forth in the tender offer documents mailed to such holders, or up to two business days prior to the vote on the proposal to approve
the initial business combination in the event HVII distributes proxy materials, or to deliver their shares to the transfer agent electronically.
In the event that a shareholder fails to comply with these or any other procedures, its shares may not be redeemed. See the section of
this Report entitled “ Business - Redemption Rights for Public Shareholders upon Completion of HVII’s Initial Business
Combination.

If
HVII does not consummate an initial business combination within 24 months from the closing of its initial public offering, HVII’s
public shareholders may be forced to wait beyond such time before redemption from HVII’s trust account.

If
HVII does not consummate an initial business combination within 24 months from the closing of its initial public offering, the proceeds
then on deposit in the trust account, including interest earned on the funds held in the trust account and not previously released to
HVII to pay permitted withdrawals, if any (less up to $100,000 of interest to pay dissolution expenses), will be used to fund the redemption
of HVII’s public shares, as further described herein. Any redemption of public shareholders from the trust account will be effected
automatically by function of HVII’s amended and restated memorandum and articles of association prior to any voluntary winding
up. If HVII is required to wind up, liquidate the trust account and distribute such