Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 105

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 105
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’s ability to complete its initial business combination and the shareholder
could suffer a material loss on their investment in HVII if they sell Excess Shares in open market transactions. Additionally, the shareholder
will not receive redemption distributions with respect to the Excess Shares if HVII completes its initial business combination. As a
result, the shareholder will continue to hold that number of shares exceeding 15% and, in order to dispose of such shares, would be required
to sell their ordinary shares in open market transactions, potentially at a loss. HVII may issue its shares to investors in connection
with its initial business combination at a price which is less than the prevailing market price of its shares at that time.

In
connection with its initial business combination, HVII may issue shares to investors in private placement transactions (so-called PIPE
transactions). The purpose of such issuances will be to enable HVII to provide sufficient liquidity to the post-business combination
entity. The price of the shares HVII issues may therefore be less, and potentially significantly less, than the market price for its
shares at such time. Any such issuances of equity securities could dilute the interests of HVII’s existing shareholders.

Nasdaq
may delist HVII’s securities from trading on its exchange, which could limit investors’ ability to make transactions in HVII’s
securities and subject HVII to additional trading restrictions.

HVII’s
units, Class A ordinary shares and share rights are listed on Nasdaq. HVII cannot assure investors that its securities will continue
to be listed on Nasdaq in the future or prior to HVII’s initial business combination. In order to continue listing HVII’s
securities on Nasdaq prior to its initial business combination, HVII must maintain certain financial, distribution and share price levels.
Generally, HVII must maintain a minimum market value of listed securities (generally $50,000,000), a minimum number of publicly held
shares with a minimum market value (generally 1.1 million publicly held shares with a minimum of $15 million market value), a minimum
bid price (generally $1.00 per share) and a minimum number of holders of its securities (generally 400 public holders). Additionally,
in connection with its initial business combination, HVII will be required to demonstrate compliance with Nasdaq’s initial listing
requirements, which are more rigorous than Nasdaq’s continued listing requirements, in order to continue to maintain the listing
of its securities on Nasdaq. For