Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 38

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 the Closing; (v) no Purchaser Material Adverse Effect or Company Material Adverse Effect (each
as defined in the Business Combination Agreement) will have occurred since the date of the Business Combination Agreement that is continuing;
and (vi) the Domestication will have been completed. There is no minimum cash condition or financing condition to Closing.

Unless
specifically stated, this Quarterly Report on Form 10-Q does not give effect to the proposed Transactions and does not contain the risks
associated with the proposed Transactions. Such risks and effects relating to the proposed Transactions will be included in a Registration
Statement on Form S-4 that HVII intends to file with the SEC relating to the Proposed Business Combination.

For
more information about the Proposed Business Combination and the Business Combination Agreement, see HVII’s Current Report on Form
8-K filed with the SEC on October 23, 2025.

Results
of Operations

HVII
has neither engaged in any operations nor generated any operating revenues to date. The only activities from inception through September
30, 2025, were organizational activities and those necessary to prepare for HVII’s initial public offering, described below. HVII
does not expect to generate any operating revenues until after the completion of its business combination. It expects to generate non-operating
income in the form of interest income from funds held after the initial public offering. Subsequent to its initial public offering, HVII
has incurred increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance),
as well as for due diligence expenses in connection with searching for, and completing, a business combination.

For
the three months ended September 30, 2025, HVII had net income of $1,191,791, which consisted of interest earned on marketable securities
held in the Trust Account of $1,997,672, interest earned on cash equivalents of $13,338 offset by $819,219 of general and administrative
costs.

For
the nine months ended September 30, 2025, HVII had net income of $3,730,312, which consisted of interest earned on marketable securities
held in the Trust Account of $5,446,141, interest earned on cash equivalents of $41,335 offset by $1,757,164 of general and administrative
costs.

For
the period from September 27, 2024 (Inception) through September 30, 2024, HVII