Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 5

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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, 2025 relates to the Company’s formation and the initial public offering (the “Initial Public Offering”), as
described below and, subsequent to the Initial Public Offering, identifying and completing a suitable Business Combination. The Company
will not generate any operating revenues until after the completion of its Business Combination, at the earliest. The Company generates
non-operating income in the form of interest income on investments from the proceeds derived from the Initial Public Offering.

The
registration statement for the Company’s Initial Public Offering was declared effective on January 16, 2025. On January 21, 2025,
the Company consummated the Initial Public Offering of 19,000,000 units (the “Units”), which includes the partial exercise
by the underwriters of their over-allotment option in the amount of 1,500,000 Units, at $10.00 per Unit, generating gross proceeds of
$190,000,000, which is described in Note 3. Each Unit consists of one Class A ordinary share and one right to receive one-twelfth (1/12)
of one Class A ordinary share upon the consummation of its Business Combination (“Share Right”).

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 690,000 private placement units
(the “Private Placement Units”) at a price of $10.00 per Private Placement Unit, generating gross proceeds of $6,900,000,
which is described in Note 4. Of the 690,000 Private Placement Units, 500,000 Private Placement Units were purchased by HC VII Sponsor
LLC, the Company’s sponsor (the “Sponsor”), and an aggregate of 190,000 Private Placement Units were purchased by the
underwriters of the Initial Public Offering (collectively, the “Underwriters”): Cohen & Company Capital Markets, a division
of J.V.B Financial Group, LLC (133,000); Clear Street LLC (28,500); and Loop Capital Markets LLC (28,500). The Private Placement Units
are identical to the Units sold in the Initial Public Offering, except that (i) the Private Placement Units (and the Class A ordinary
shares (the “private placement shares”) and Share Rights underlying the Private Placement Units and the Class A ordinary
shares issuable upon conversion of the Share Rights) may not be transferred, assigned or sold, subject to certain limited exceptions,
until 30 days after the completion