Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 43

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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,500 per month, with a discretionary annual bonus of up to $165,000, for her services. An aggregate of approximately
$44,406 and $136,771, respectively, was charged to operations for the three months and nine months ended September 30, 2025, respectively,
for such services.

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 was 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 a 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 business combination.

Critical
Accounting Estimates

The
preparation of unaudited condensed 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 unaudited condensed 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.

23

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

HVII
is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information otherwise
required under this item.

ITEM
4. CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls are procedures that are designed with the objective of ensuring that information required to be disclosed in HVII’s reports
filed under the Exchange Act, such as this Quarterly Report, is recorded, processed, summarized, and reported within the time period
specified in the SEC’s rules and forms. Disclosure controls are also designed with the objective of ensuring that such information
is accumulated and communicated to