Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 13

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 13
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 the funds held in the trust account (net of permitted withdrawals and up to $100,000
of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish
public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any) and (iii)
as promptly as reasonably possible following such redemption, subject to the approval of HVII’s remaining shareholders and its
board of directors, liquidate and dissolve, subject, in each case, to HVII’s obligations under Cayman Islands law to provide for
claims of creditors and the requirements of other applicable law. There is no limitation on HVII’s ability to raise funds privately
or through loans in connection with its initial business combination.

HVII’s
amended and restated memorandum and articles of association requires the affirmative vote of a majority of its board of directors, which
must include a majority of its independent directors, to approve its initial business combination (or such other vote as the applicable
law or stock exchange rules then in effect may require).

HVII
does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business. However,
if HVII’s estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial
business combination are less than the actual amount necessary to do so, it may have insufficient funds available to operate its business
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 it may issue additional securities or incur debt in connection with such business combination. If HVII raises
additional funds through equity or convertible debt issuances, its public shareholders may suffer significant dilution, and these securities
could have rights that rank senior to its public shares. If HVII raises additional funds through the incurrence of indebtedness, such
indebtedness would have rights that are senior to its equity securities and could contain covenants that restrict its operations. Further,
as described above, due to the anti-dilution rights of HVII’s founder shares, its public shareholders may incur material dilution.
In addition, HVII intends to target businesses with enterprise values that are greater than it could acquire with the net proceeds of
its initial public offering and the sale of the private placement units, and, as a