Company: HVIIR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023499
Chunk: 57

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 57
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 with
its current funds, and, as a result, if the cash portion of the purchase price exceeds the amount available from the Trust Account, net
of amounts needed to satisfy redemptions by public shareholders, HVII may be required to seek additional financing to complete such proposed
business combination. HVII may also obtain financing prior to the closing of its business combination to fund its working capital needs
and transaction costs in connection with its search for and completion of its business combination. There is no limitation on HVII’s
ability to raise funds through the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in
connection with its business combination, any backstop or similar agreements HVII may enter into following the consummation of this offering
or otherwise. Subject to compliance with applicable securities laws, HVII would only complete such financing simultaneously with the
completion of HVII’s business combination. If HVII is unable to complete its business combination because it does not have sufficient
funds available to it, HVII will be forced to cease operations and liquidate the Trust Account. In addition, following its business combination,
if cash on hand is insufficient, HVII may need to obtain additional financing in order to meet its obligations.

Off-Balance
Sheet Financing Arrangements

HVII
has no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of September 30, 2025. HVII does
not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as
variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. HVII has
not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments
of other entities or purchased any non-financial assets.

Contractual
Obligations

HVII
does not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an
agreement to pay, commencing on January 17, 2025, an aggregate of $15,000 per month for office space, utilities and secretarial and
administrative support services, which amount increased to an aggregate of $25,000 per month beginning September 1, 2025, and an
agreement to pay Nicholas Geeza, HVII’s chief financial officer, an aggregate of $10,000 per month. HVII began incurring these
fees