Company: HVIIR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002259
Chunk: 122

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-15
Form: S-1/A
Chunk 122
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 corporate purposes;                            |

| ● | limitations                                                                                                         
 on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate; |

| ● | increased                                                                                                                               
 vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; 
 and                                                                                                                                     |

| ● | limitations                                                                                                                        
 on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution 
 of our strategy and other purposes and other disadvantages compared to our competitors who have less debt.                         |

As of October 11, 2024, we had $25,000 in cash, working capital of $51,861, and $61,560 deferred offering costs. Further, we expect to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to raise capital or to complete our initial business combination will be successful.

Results of Operations and Known Trends or Future Events

We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary to prepare for this offering. Following this offering, we will not generate any operating revenues until after completion of our initial business combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after this offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior to the completion of this offering through receipt of $25,000 from the sale of the founder shares and up to $250,000 in loans from our sponsor under an unsecured promissory note. We estimate that the net proceeds from the sale of the units in this offering and the sale of the private placement units for an aggregate purchase price of $6,750,000 (or $7,012,500 if the over-allotment option is exercised in full), after deducting offering expenses of approximately $850,000 and underwriting commissions of $3,500,000 (or $4,025,000 if the over-allotment option is exercised in full) (excluding deferred underwriting commissions