Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 51

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 51
---
 on the funds held in the Trust Account (less the amount of permitted withdrawals and up to $100,000 of interest to pay
dissolution expenses), divided by the number of then outstanding public shares, which redemption will constitute full and complete payment
for the public shares and completely extinguish public shareholders’ rights as shareholders (including the right to receive further
liquidation or other distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims
of creditors and subject to the other requirements of applicable law.

    6

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

The Sponsor and the
Company’s officers and directors have entered into a letter agreement with the Company, pursuant to which they have agreed to (i)
waive their redemption rights with respect to their Class B ordinary shares of the Company (“founder shares”), private placement
shares and public shares in connection with the completion of its Business Combination; (ii) waive their redemption rights with respect
to their founder shares and private placement shares in connection with a shareholder vote to approve an amendment to the Company’s
amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to
allow redemption in connection with its Business Combination or to redeem 100% of the public shares if the Company has not consummated
its Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-Business Combination activity; (iii) waive their rights to liquidating distributions from the Trust Account with respect
to their founder shares and private placement shares if the Company fails to complete its Business Combination within the Completion Window,
although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the
Company fails to complete its Business Combination within the Completion Window and to liquidating distributions from assets outside the
Trust Account; and (iv) vote any founder shares or private placement shares held by them and any public shares purchased during or after
the Initial Public Offering (including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance
with the requirements of Rule 14e-5 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which would
not be voted in favor of