Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 54

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 54
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 HVII’s
initial business combination. Such a purchase may include a contractual acknowledgment that such shareholder, although still the record
holder of HVII’s shares, is no longer the beneficial owner thereof and therefore agrees not to exercise its redemption rights.
In the event that HVII’s management team, sponsor or any of their respective affiliates purchase shares in privately negotiated
transactions from public shareholders who have already elected to exercise their redemption rights, such selling shareholders would be
required to revoke their prior elections to redeem their shares. It is intended that, if Rule 10b-18 would apply to purchases by HVII’s
management team, sponsor or any of their respective affiliates, then such purchases will comply with Rule 10b-18 under the Exchange Act,
to the extent it applies, which provides a safe harbor for purchases made under certain conditions, including with respect to timing,
pricing and volume of purchases.

Additionally,
at any time at or prior to HVII’s initial business combination, subject to applicable securities laws (including with respect to
material nonpublic information), HVII’s management team, sponsor or any of their respective affiliates may enter into transactions
with investors and others to provide them with incentives to acquire public shares, vote their public shares in favor of HVII’s
initial business combination, or not redeem their public shares. However, they have no current commitments, plans or intentions to engage
in such transactions and have not formulated any terms or conditions for any such transactions. None of the funds in the trust account
will be used to purchase public shares, rights or share rights in such transactions.

  31  

The
purpose of any such transactions could be to: (i) increase the likelihood of obtaining shareholder approval of the business combination,
(ii) reduce the number of public share rights outstanding and/or increase the likelihood of approval on any matters submitted to the
public share right holders for approval in connection with HVII’s initial business combination or (iii) satisfy a closing condition
in an agreement with a target that requires HVII to have a minimum net worth or a certain amount of cash at the closing of HVII’s
initial business combination, where it appears that such requirement would otherwise not be met. Any such purchases of HVII’s securities
may result in the completion of HVII’s initial business combination that may not otherwise have been possible.

In
addition, if such purchases are made, the public “float” of HVII’s securities may be reduced and the number of beneficial
holders of HVII’s securities