Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 29

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 29
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 review any potential conflicts of interest on a case-by-case basis. In particular, affiliates of our sponsor are currently sponsoring one other blank check company, Hennessy VI. Any such companies, including Hennessy VI, may present additional conflicts of interest in pursuing an acquisition target. However, we do not believe that any potential conflicts with Hennessy VI would materially affect our ability to complete our initial business combination, because our management team has significant experience in identifying and executing multiple acquisition opportunities simultaneously, we are not limited by industry or geography in terms of the acquisition opportunities we can pursue, and Hennessy VI has executed a merger agreement with Namib Materials, even though we expect that Hennessy VI will have priority over us with respect to acquisition opportunities until it completes an initial business combination.

Our Sponsor

Our sponsor is a Nevada limited liability company, which was recently formed to invest in our company. Although our sponsor is permitted to undertake any activities permitted under the Nevada Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. Our Chief Executive Officer, Daniel J. Hennessy, and President and Chief Operating Officer, Thomas D. Hennessy, are the sole managing members of Hennessy Capital Group LLC, which in turn is the sole manager of our sponsor. Consequently, each of Mr. Daniel Hennessy and Mr. Thomas Hennessy controls the management of our sponsor, including the exercise of voting and investment discretion over the securities of our company held by our sponsor. As of the date of this prospectus, our executive officers, directors and director nominees own membership interests in our sponsor, which represent approximately 11% of the economic interests in our sponsor. Other third-party accredited investors with pre-existing business relationships with our management team and sponsor own membership interests representing the remaining economic interests in our sponsor, none of whom has a direct or indirect material interest in our sponsor. Other than our management team, none of the other members of our sponsor will participate in our company’s activities. Aside from Mr. Daniel Hennessy and Mr. Thomas Hennessy, no one will have the right to control or manage the sponsor, or the right to vote or dispose of the founder shares that they hold indirectly through their membership interests in the sponsor.

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The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its