Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 109

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 109
---
 business combination, HVII may not issue additional ordinary shares that would
entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on any initial business combination. These provisions
of its amended and restated memorandum and articles of association, like all provisions of its amended and restated memorandum and articles
of association, may be amended with the approval of its shareholders. However, its initial shareholders, officers and directors have
agreed, pursuant to a letter agreement with HVII, that they will not propose any amendment to its amended and restated memorandum and
articles of association (A) to modify the substance or timing of its obligation to provide for the redemption of its public shares in
connection with an initial business combination or to redeem 100% of its public shares if HVII has not consummated its initial business
combination within the completion window or (B) with respect to any other provision relating to shareholders’ rights or pre-initial
business combination activity, unless HVII provides its public shareholders with the opportunity to redeem their ordinary shares upon
approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account,
including interest earned on the funds held in the trust account (which interest shall be net of permitted withdrawals and taxes payable),
divided by the number of then outstanding public shares.

The
issuance of additional ordinary shares or preference shares:

  may                                                                                              
  significantly dilute the equity interest of investors in the initial public offering, which      
  dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted  
  in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion    
  of the Class B ordinary shares;                                                                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────

  may                                                                                        
  subordinate the rights of holders of ordinary shares if preference shares are issued with  
  rights senior to those afforded HVII’s ordinary shares;                                    
 ─────────────────────────────────────────────────────────────────────────────────────────────

  could                                                                                           
  cause a change of control if a substantial number of HVII’s ordinary shares are issued,         
  which may affect, among other things, HVII’s ability to use its net operating loss              
  carry forwards, if any, and could result in the resignation or removal of its present officers  
  and directors;                                                                                  
 ─────────────────────────────────────────────────────────────────────────────────