Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 143

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 143
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 Represents                                                                                                
 cash in trust from SPACs with greater than $100 million initial public offerings, per latest SEC filings. |
| (2) | Santander                                                                                                 
 estimate.                                                                                                 |

Source: Pitchbook

| (1) | Median                                                                                                                            
 hold times for active US-based venture capital-backed private companies with greater than $1.0 billion valuation as of the end of 
 each period. Hold times are calculated from the first venture capital round.                                                      |

| 108 |

We believe there are highly favorable catalysts at work in the United States that are supportive of our industrial technology and energy transition investment themes. First, the COVID-19 pandemic created well-publicized and long-lasting disruptions to supply chains across the consumer and industrial economy here in the United States and internationally. Second, according to data from the Federal Reserve Bank of St. Louis, the United States has and produces the most abundant, most versatile source of energy in the form of natural gas at a cost of approximately 25% when compared to natural gas prices in the European Union and Asia. Finally, U.S. Federal Government programs, most notably programs under the CHIPS and Science Act and the Inflation Reduction Act of 2022 – representing over $750 billion in estimated combined spending according to McKinsey – have contributed to the acceleration of reshoring/onshoring, or supply chain repatriation and localized manufacturing strategy, and what we call an industrial/manufacturing renaissance in the United States as shown below:

Source: Federal Reserve Bank of St. Louis

Our Acquisition Criteria

Consistent with this strategy, we have identified the following general criteria and guidelines that we believe are important in evaluating prospective target businesses. We will use these criteria and guidelines in evaluating acquisition opportunities, but we may decide to enter into our initial business combination with a target business that does not meet these criteria and guidelines.

| ● | Expected                                                                                                                               
 $500 Million+ Target Business Size. We will seek to acquire one or more businesses with an expected aggregate enterprise value         
 of $500 million or greater, determined at the sole discretion of our officers and directors according to reasonably accepted valuation 
 standards and methodologies.                                                                                                           |

| ● | Large                                                                                                                               
 Addressable Market. We will target companies that operate in large addressable markets within industrial technology and energy      
 transition sectors. We believe our management team and our board are skilled in analyzing and evaluating companies in these markets 
 based on their significant past SPAC execution, investing, and operating experience.                                                |

| ● | Scalable