Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 38

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 38
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 75% of maximum redeemable shares, or 14,250,000 HVII Public Shares, will be redeemed by Public Shareholders for an aggregate payment 
 of approximately $146.4 million based on a redemption price of approximately $10.27 per share.                                            |
| (5) | The maximum redemptions scenario assumes that 19,000,000                                                                                  
 HVII Public Shares are redeemed for aggregate redemption payments of $195.2 million, assuming a $10.27 per share redemption price.        |

The
following table illustrates the as adjusted net tangible book value to HVII’s Shareholders and decrease in net tangible book value
to HVII’s Shareholders as a result of transaction costs incurred by HVII, and funds released from the Trust Account at Closing
(in thousands, except share and per share data).

| 15 |

|                                                         |     | No            
 Redemption(1) |            |   |     | 25%            
 Redemptions(2) |            |   |     | 50%            
 Redemptions(3) |            |   |     | 75%            
 Redemptions(4) |            |   |     | Maximum        
 Redemptions(5) |           |   |
|:--------------------------------------------------------|:----|:--------------|-----------:|:--|:----|:---------------|-----------:|:--|:----|:---------------|-----------:|:--|:----|:---------------|-----------:|:--|:----|:---------------|----------:|:--|
| As adjusted net tangible book value per share           |     | $             |       6.63 |   |     | $              |       5.96 |   |     | $              |       4.94 |   |     | $              |       3.15 |   |     | $              |     (0.53 | ) |
| Numerator adjustments                                   |     |               |            |   |     |                |            |   |     |                |            |   |     |                |            |   |     |                |           |   |
| HVII’s net tangible book value as of September 30, 2025 |     | $             |     (7,256 | ) |     | $              |     (7,256 | ) |     | $              |     (7,256 | ) |     | $              |     (7,256 | )