Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 106

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 106
---
 instance, HVII’s share price would generally be required to be at least $4.00 per share, the market
value of its listed securities would generally be required to be at least $75 million, the number of unrestricted publicly held shares
must be at least 1.1 million with an aggregate market value of at least $20 million and HVII would be required to have a minimum of 400
round lot holders (with at least 50% of such round lot holders holding securities with a market value of at least $2,500) of its securities.
There is no assurance that HVII will be able to meet those initial listing requirements at that time.

Additionally,
HVII’s units will not be traded after completion of its initial business combination and, in connection with its initial business
combination, HVII will be required to demonstrate compliance with Nasdaq initial listing requirements, which are more rigorous than Nasdaq
continued listing requirements, in order to continue to maintain the listing of its securities on Nasdaq.

  60  

For
instance, in order for HVII’s shares to be listed upon the consummation of its business combination, at such time HVII’s
share price would generally be required to be at least $4.00 per share, HVII’s total market capitalization would be required to
be at least $200.0 million, the aggregate market value of publicly held shares would be required to be at least $100.0 million and HVII
would be required to have at least 400 round lot shareholders. There is no assurance that HVII will be able to meet those listing requirements
at that time.

If
Nasdaq delists HVII’s securities from trading on its exchange and HVII is not able to list its securities on another national securities
exchange, it is expected that HVII’s securities could be quoted on an over-the-counter market. If this were to occur, HVII could
face significant material adverse consequences, including:

  a                                                                 

  reduced                           

  a                                                                                           

  a                                                 

  a                                                                                               
  decreased ability to issue additional securities or obtain additional financing in the future.  
 ──────────────────────────────────────────────────────────────────────────────────────────────────

The
National Securities Markets Improvement Act of 1996, which is a federal statute, prevents or preempts the states from regulating the
sale of certain securities, which are referred to as “covered securities.” Because HVII’s units, Class A ordinary shares