Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 284

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 284
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 Shares after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such HVII Public Shares if HVII fails to complete its initial business combination within the completion window.

The Initial Shareholders and HVII’s officers and directors have agreed, pursuant to the Letter Agreement, that they will not propose any amendment to the HVII Charter (i) 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 (ii) with respect to any other provision relating to HVII Public Shareholders’ rights or pre-initial business combination activity, unless HVII provides HVII Public Shareholders with the opportunity to redeem their HVII Public shares upon approval of any such amendment at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (net of permitted withdrawals), divided by the number of then outstanding HVII Public Shares.

HVII expects that all costs and expenses associated with implementing its plan of dissolution, as well as payments to any creditors, will be funded from amounts held outside the Trust Account, although there is no assurance that there will be sufficient funds for such purpose. However, if those funds are not sufficient to cover the costs and expenses associated with implementing HVII’s plan of dissolution, to the extent that there is any interest accrued in the Trust Account not required to pay income taxes, HVII may request the trustee to release to it an additional amount of up to $100,000 of such accrued interest to pay those costs and expenses.

If HVII were to expend all of the net proceeds of the IPO and the sale of the Private Placement Units, other than the proceeds deposited in the Trust Account, and without taking into account interest, if any, earned on the Trust Account and any tax payments or expenses for the dissolution of the trust, the per share redemption amount received by shareholders upon HVII’s dissolution would be approximately $10.00. The proceeds deposited in the Trust Account could, however, become subject to the claims of HVII’s creditors which would have higher priority than the claims of HVII Public Shareholders. There is no assurance that the actual per share redemption amount received by HVII Public Shareholders will not be substantially less than $10.00. Please see the section of this proxy statement/prospectus entitled “ Risk Factors —