Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 24

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 the Underwriters partially exercised their over-allotment option in the amount of 1,500,000
Units and forfeited the remaining unexercised balance of 1,125,000 Units.

The
Underwriters were entitled to a cash underwriting discount of $0.20 per Unit, or $3,800,000 in the aggregate, paid to the Underwriters
in cash at the closing of the Initial Public Offering. Additionally, the Underwriters are entitled to a deferred underwriting discount
of up to $0.40 per Unit, or up to $7,600,000 in the aggregate (subject to reduction based on the funds remaining in the Trust Account
after giving effect to the public shares that are redeemed in connection with the Company’s Business Combination), payable to the
Underwriters for deferred underwriting commissions on amounts remaining in the Trust Account after all redemptions by public shareholders
have been met. The deferred underwriting discount will become payable to the Underwriters from the amounts held in the Trust Account
solely in the event the Company completes its Business Combination.

    14

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER
30, 2025

(UNAUDITED)

Deferred
Legal Fees

As
of September 30, 2025, the Company had a total deferred legal fee of $1,185,000, of which $585,000 was related to general matters and
$600,000 was related to the Initial Public Offering and charged to offering costs, all of which is to be paid to the Company’s
legal advisors upon consummation of its Business Combination. As of December 31, 2024, the Company had a total deferred legal fee of
$450,000, all of which was related to the Initial Public Offering and charged to offering costs. As the settlement or liquidation of
amounts of deferred legal fees are not reasonably expected to require the use of current assets or require the creation of current liabilities,
the amount is classified as a non-current liability in the accompanying balance sheets as of September 30, 2025 and December 31, 2024.

NOTE
7 — SHAREHOLDERS’ DEFICIT

Preference
Shares — The Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of
September 30