Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 37

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 37
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 the trust account, HVII’s management will perform an analysis of the alternatives available
to it and will only enter into an agreement with a third party that has not executed a waiver if management believes that such third
party’s engagement would be significantly more beneficial to HVII than any alternative. Examples of possible instances where HVII
may engage a third party that refuses to execute a waiver include the engagement of a third party consultant whose particular expertise
or skills are believed by management to be significantly superior to those of other consultants that would agree to execute a waiver
or in cases where HVII is unable to find a service provider willing to execute a waiver. In addition, there is no guarantee that such
entities will agree to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or
agreements with HVII and will not seek recourse against the trust account for any reason. In order to protect the amounts held in the
trust account, HVII’s sponsor will agree that it will be liable to HVII if and to the extent any claims by a third party (other
than HVII’s independent registered public accounting firm) for services rendered or products sold to HVII, or a prospective target
business with which HVII has entered into a transaction agreement, reduce the amount of funds in the trust account to below (1) $10.00
per public share or (2) the actual amount per public share held in the trust account as of the date of the liquidation of the trust account,
if less than $10.00 per share due to reductions in the value of the trust assets, in each case net of permitted withdrawals, except as
to any claims by a third party that executed a waiver of any and all rights to the monies held in the trust account (whether any such
waiver is enforceable) and except as to any claims under HVII’s indemnity of the underwriters of HVII’s initial public offering
against certain liabilities, including liabilities under the Securities Act. HVII has not independently verified whether its sponsor
has sufficient funds to satisfy its indemnity obligations and believes that its sponsor’s only assets are securities of HVII and,
therefore, HVII’s sponsor may not be able to satisfy these obligations. HVII has not asked its sponsor to reserve for such obligations.
Therefore, there is no assurance that HVII’s sponsor would be able to satisfy those obligations. As a result, if any such claims
were successfully made