Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 134

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 134
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 has
not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments
of other entities or purchased any non-financial assets.

Contractual
Obligations

HVII
does not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement
to pay an aggregate of $15,000 per month for office space, utilities and secretarial and administrative support services and an agreement
to pay Nicholas Geeza, HVII’s chief financial officer, an aggregate of $10,000 per month. HVII began incurring these fees on January
17, 2025, and will continue to incur these fees monthly until the earlier of the completion of its initial business combination and its
liquidation.

The
underwriters of HVII’s initial public offering were entitled to a cash underwriting discount of $0.20 per unit, or $3,800,000 in
the aggregate, which were paid to the underwriters in cash at the closing of the initial public offering. Additionally, the underwriters
are entitled to a deferred underwriting discount of up to $0.40 per unit, or up to $7,600,000 in the aggregate (subject to reduction
based on the funds remaining in the trust account after giving effect to the public shares that are redeemed in connection with an initial
business combination), payable to the underwriters for deferred underwriting commissions on amounts remaining in the trust account after
all redemptions by public shareholders have been met. The deferred underwriting discount will become payable to the underwriters from
the amounts held in the trust account solely in the event HVII completes its initial business combination.

Critical
Accounting Estimates

The
preparation of financial statements and related disclosures in conformity with accounting principles generally accepted in the United
States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure
of contingent assets and liabilities at the date of the financial statements and income and expenses during the periods reported. Actual
results could materially differ from those estimates. HVII has not identified any critical accounting estimates.

Item
7A. Quantitative and Qualitative Disclosures about Market Risk.