Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 110

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 110
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  may                                                                                          
  have the effect of delaying or preventing a change of control of HVII by diluting the share  
  ownership or voting rights of a person seeking to obtain control of HVII; and                
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  may                                                                                  
  adversely affect prevailing market prices for HVII’s units, Class A ordinary shares  
  and/or share rights.                                                                 
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  62  

Holders
of HVII’s founder shares will control the appointment of its board of directors until consummation of its initial business combination
and will hold a substantial interest in HVII. As a result, they will appoint all of HVII’s directors prior to its initial business
combination and may exert a substantial influence on actions requiring shareholder vote, potentially in a manner that investors do not
support.

HVII’s
initial shareholders beneficially own 24% of its issued and outstanding ordinary shares (excluding the private placement shares). In
addition, prior to its initial business combination, holders of the founder shares will have the right to appoint all of HVII’s
directors and may remove members of the board of directors for any reason. Holders of HVII’s public shares will have no right to
vote on the appointment of directors during such time. These provisions of its amended and restated memorandum and articles of association
may only be amended by a special resolution passed by at least 90% of holders of HVII’s ordinary shares who, being eligible, attend
(in person or by proxy) and vote at a general meeting of the company. As a result, investors will not have any influence over the appointment
of directors prior to HVII’s initial business combination.

Neither
HVII’s initial shareholders nor, to HVII’s knowledge, any of its directors or officers, have any current intention to purchase
additional securities, other than as disclosed in this Report. Factors that would be considered in making such additional purchases would
include consideration of the current trading price of HVII’s Class A ordinary shares. In addition, as a result of their substantial
ownership in HVII, its initial shareholders may exert a substantial influence on other actions requiring a shareholder vote, potentially
in a manner that investors do not support, including amendments to its amended and restated memorandum and articles of association and
approval of major corporate transactions. If HVII’s initial shareholders purchase any Class A