Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 24

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 24
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 affairs subsequent
to its initial business combination. Moreover, HVII cannot assure investors that members of its management team will have significant
experience or knowledge relating to the operations of the particular target business.

  13  

HVII
cannot assure investors that any of its key personnel will remain in senior management or advisory positions with the combined company.
The determination as to whether any of HVII’s key personnel will remain with the combined company will be made at the time of HVII’s
initial business combination.

Following
HVII’s initial business combination, it may seek to recruit additional managers to supplement the incumbent management of the target
business. HVII cannot assure investors that it will have the ability to recruit additional managers, or that additional managers will
have the requisite skills, knowledge or experience necessary to enhance the incumbent management.

Shareholders
May Not Have the Ability to Approve HVII’s Initial Business Combination

HVII
may conduct redemptions without a shareholder vote pursuant to the tender offer rules of the SEC. However, HVII will seek shareholder
approval if it is required by applicable law or stock exchange rule, or it may decide to seek shareholder approval for business or other
reasons.

So
long as HVII maintains a listing for its securities on Nasdaq, shareholder approval would be required for HVII’s initial business
combination if, for example:

  HVII                                                                                         
  any                                                                                          
  the                                                                                          

The
Companies Act and Cayman Islands law do not currently require, and HVII is not aware of any other applicable law that will require, shareholder
approval of its initial business combination.

The
decision as to whether HVII will seek shareholder approval of a proposed business combination in those instances in which shareholder
approval is not required by law will be made by HVII, solely in its discretion, and will be based on business and legal reasons, which
include a variety of factors, including, but not limited to:

  the                                                                                                
  the                                                                                                
  the                                                                                                
  other                                                                                              
  additional                                                                                         

  14  

Permitted
Purchases of HVII’s Securities

If
HVII seeks shareholder approval of its initial business combination and does not conduct redemptions in connection with its initial business
combination pursuant to the tender offer rules, HVII’s management team, sponsor or any of their respective affiliates may purchase
public shares or units in privately negotiated transactions or in the open market either prior to or following the completion of its
initial business combination. Such a purchase would