Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 138

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 138
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 by having a business plan targeted at acquiring and growing businesses for the long term (rather than on buying and selling businesses in the manner of a merchant bank or private equity fund), HVII intends to avoid being deemed an “investment company” within the meaning of the Investment Company Act. Investing in HVII’s securities is not intended for persons who are seeking a return on investments in government securities or investment securities. The Trust Account is intended as a holding place for funds pending the earliest to occur of: (i) the completion of HVII’s initial business combination; (ii) the redemption of any HVII Public Shares properly submitted in connection with a HVII Public Shareholder vote to amend the HVII Charter (A) to modify the substance or timing of HVII’s obligation to provide for the redemption of HVII Public Shares in connection with an initial business combination or to redeem 100% of HVII Public Shares if HVII has not consummated its initial business combination within the Completion Window or (B) with respect to any other provision relating to HVII Public Shareholders’ rights or pre-initial business combination activity; or (iii) absent an initial business combination within the Completion Window, HVII’s return of the funds held in the Trust Account to HVII Public Shareholders as part of its redemption of the HVII Public Shares.

Further, under the subjective test of an “investment company” pursuant to Section 3(a)(1)(A) of the Investment Company Act, even if the funds deposited in the Trust Account were invested in the assets discussed above, there is a risk that HVII could be deemed an investment company and subject to the Investment Company Act based on the length of time such funds are invested in such assets.

If HVII were deemed to be subject to compliance with and regulation under the Investment Company Act, it would be subject to additional regulatory burdens and expenses for which it has not allotted funds. Unless HVII is able to modify its activities so that it would not be deemed an investment company, it would either register as an investment company or wind down and abandon its efforts to complete an initial business combination and instead liquidate HVII. As a result, HVII Public Shareholders may receive only approximately $10.00 per public share, or less in certain circumstances, on the liquidation of its Trust Account, would lose the investment opportunity in a target company with which HVII may decide to consummate an initial business combination and would be unable to realize the potential benefits of an initial business combination, including the possible appreciation of