Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 18

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 18
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 until it
completes an initial business combination.

Financial
Position

With
funds in HVII’s trust account available for a business combination initially in the amount of approximately $190,000,000, as of
January 21, 2025, (which amount includes the underwriters’ deferred underwriting discounts and commissions of $7,600,000), HVII
believes it offers a target business a variety of options such as creating a liquidity event for its owners, providing capital for the
potential growth and expansion of its operations or strengthening its balance sheet by reducing its debt ratio. Because HVII is able
to complete its initial business combination using its cash, debt or equity securities or a combination of the foregoing, HVII has the
flexibility to use the most efficient combination that will allow it to tailor the consideration to be paid to the target business to
fit its needs and desires. However, HVII has not taken any steps to secure third-party financing and there can be no assurance it will
be available to HVII.

  10  

Effecting
the Initial Business Combination

HVII
is not presently engaged in, and will not engage in, any operations until it consummates an initial business combination. HVII intends
to effectuate its initial business combination using cash from the proceeds of its initial public offering and the sale of the private
placement units, the proceeds of the sale of its securities in connection with its initial business combination (pursuant to any forward
purchase, backstop or similar agreements HVII may enter), if any, its equity, debt or a combination of these as the consideration to
be paid in its initial business combination. HVII may seek to complete its initial business combination with a company or business that
may be financially unstable or in its early stages of development or growth, which would subject HVII to the numerous risks inherent
in such companies and businesses.

If
HVII’s initial business combination is paid for using equity or debt securities or not all of the funds released from the trust
account are used for payment of the consideration in connection with its initial business combination or used for redemption of its public
shares, HVII may apply the balance of the cash released to it from the trust account for general corporate purposes, including for maintenance
or expansion of operations of post-transaction businesses, the payment of principal or interest due on indebtedness incurred in completing
its initial business combination, to fund the purchase of other companies, or for working capital.

HV