Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 133

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 133
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prior to its initial business combination. Moreover, HVII may need to obtain additional financing either to complete its initial business
combination or because it becomes obligated to redeem a significant number of its public shares upon completion of its initial business
combination, in which case HVII may issue additional securities or incur debt in connection with such initial business combination. If
HVII raises additional funds through the incurrence of indebtedness, such indebtedness would have rights that are senior to HVII’s
equity securities and could contain covenants that restrict HVII’s operations. Further, due to the anti-dilution rights of the
founder shares, public shareholders may incur material dilution. In addition, HVII intends to target businesses with enterprise values
that are greater than it could acquire with its current funds, and, as a result, if the cash portion of the purchase price exceeds the
amount available from the trust account, net of amounts needed to satisfy redemptions by public shareholders, HVII may be required to
seek additional financing to complete such proposed initial business combination. HVII may also obtain financing prior to the closing
of its initial business combination to fund its working capital needs and transaction costs in connection with its search for and completion
of its initial business combination. There is no limitation on HVII’s ability to raise funds through the issuance of equity or
equity-linked securities or through loans, advances or other indebtedness in connection with its initial business combination, any backstop
or similar agreements HVII may enter into following the consummation of this offering or otherwise. Subject to compliance with applicable
securities laws, HVII would only complete such financing simultaneously with the completion of HVII’s business combination. If HVII is unable
to complete its initial business combination because it does not have sufficient funds available to it, HVII will be forced to cease
operations and liquidate the trust account. In addition, following its initial business combination, if cash on hand is insufficient,
HVII may need to obtain additional financing in order to meet its obligations.

  76  

Off-Balance
Sheet Financing Arrangements

HVII
has no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of December 31, 2024. HVII does
not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as
variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. HVII