Company: HVIIR
Filing Date: 2025-10-23
Form Type: 8-K
Source: 0001493152-25-019001
Chunk: 2

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-10-23
Form: 8-K
Item: Item 1.01
Chunk 2
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).

Representations
and Warranties

The
Business Combination Agreement contains customary representations and warranties of (a) the Purchaser and Merger Sub and (b) the Company,
in each case relating to, among other things, their ability to enter into the Business Combination Agreement and their outstanding capitalization.
The representations and warranties of the Purchaser, the Company and Merger Sub will not survive the Closing, and the Business Combination
Agreement does not provide for indemnification with respect to any of the representations and warranties of the parties thereto.

Covenants

The
Business Combination Agreement contains customary covenants of the parties, including, among others, covenants requiring (i) the parties
to conduct their respective businesses in the ordinary course through the Closing Date, (ii) the parties not to solicit, initiate, submit,
facilitate, discuss or negotiate with third parties regarding alternative transactions and to comply with certain related restrictions,
(iii) the Purchaser and the Company to prepare and the Purchaser to file with the SEC the Registration Statement, and (iv) the Company
to deliver to the Purchaser as soon as reasonably practicable following the date of the Business Combination Agreement, but in no event
later than December 31, 2025, financial statements of the Company as of and for the period from inception through September 30, 2025
audited in accordance with GAAP and PCAOB standards (the “ PCAOB Audit”).

Governance

The
Business Combination Agreement provides that, immediately following the Closing, the board of directors of the Purchaser (i) will consist
of two (2) directors designated in writing by the Purchaser, reasonably acceptable to the Company and each qualifying as an independent
director, and such other directors designated in writing by the Company, and (ii) will be divided into three (3) classes of directors
with staggered terms. The management team of the Purchaser as of immediately following the Closing will consist solely of the Company’s
current management team.

Closing;
Conditions to Closing

The
Closing will occur no later than the third business day following the satisfaction or waiver of all of the closing conditions, or at
such other time or in such other manner as agreed upon by the Purchaser and the Company in writing.

The
obligations of the parties to consummate the Merger and the other transactions contemplated by the Business Combination Agreement (collectively,
the “ Transactions”) are subject to the satisfaction or waiver (where permissible)