Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 30

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 30
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 it
currently intends to comply with the substantive and procedural requirements of Regulation 14A in connection with any shareholder vote
even if it is not able to maintain its Nasdaq listing or Exchange Act registration.

In
the event that HVII seeks shareholder approval of its initial business combination, it will distribute proxy materials and, in connection
therewith, provide its public shareholders with the redemption rights described above upon completion of the initial business combination.

If
HVII seeks shareholder approval, unless otherwise required by applicable law, regulation or stock exchange rules, it will complete its
initial business combination only if it receives approval pursuant to an ordinary resolution under its amended and restated memorandum
and articles of association and under Cayman Islands law, which requires the affirmative vote of a simple majority of the shareholders
who attend and vote at a general meeting of the company, voting together as a single class, and includes a unanimous written resolution.
In such case, its sponsor and each member of its management team have agreed to vote their founder shares and public shares purchased
during or after its initial public offering (including in open market and privately-negotiated transactions) in favor of its initial
business combination (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under
the Exchange Act would not be voted in favor of approving the business combination transaction). For purposes of seeking approval of
an ordinary resolution, non-votes will have no effect on the approval of HVII’s initial business combination once a quorum is obtained.
As a result, in addition to its initial shareholders’ founder shares and private placement shares held by its sponsor, HVII would
need 7,495,834, or 39.5%, of the 19,000,000 public shares sold in its initial public offering to be voted in favor of an initial business
combination in order to have its initial business combination approved, assuming all outstanding shares are voted and the parties to
the letter agreement do not acquire any public shares. Assuming that only the holders of one-third of its issued and outstanding ordinary
shares, representing a quorum under its amended and restated memorandum and articles of association vote their shares at a general meeting
of the company, HVII will not need any public shares in addition to its founder shares to be voted in favor of an initial business combination
in order to approve an initial business combination. However, if its initial business combination is structured as a statutory merger
or consolidation with another company under Cayman Islands law