Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 59

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 59
---
 costs
and operating expenses depending on the nature of the services provided in the statement of operations.

Recent Accounting Standards

Management does not
believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the
Company’s unaudited condensed financial statements.

NOTE 3 — INITIAL PUBLIC OFFERING

Pursuant to the Initial
Public Offering, on January 21, 2025, the Company sold 19,000,000 Units, which includes the partial exercise by the Underwriters of their
over-allotment option in the amount of 1,500,000 Units, at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary
share and one Share Right entitling the holder thereof to receive one-twelfth (1/12) of one Class A ordinary share upon the consummation
of a Business Combination.

NOTE 4 — PRIVATE PLACEMENT

Simultaneously with
the closing of the Initial Public Offering, the Sponsor and the Underwriters purchased an aggregate of 690,000 Private Placement Units,
each Private Placement Unit consisting of one Class A ordinary share and one Share Right to receive one-twelfth (1/12) of one Class A
ordinary share upon the consummation of a Business Combination, at a price of $10.00 per Private Placement Unit, or $6,900,000 in the
aggregate, in a private placement. Of the 690,000 Private Placement Units, 500,000 Private Placement Units were purchased by the Sponsor,
and an aggregate of 190,000 Private Placement Units were purchased by the Underwriters: Cohen & Company Capital Markets (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) so long as they are held by the Sponsor, the Underwriters
or their permitted transferees, the Private Placement Units (including 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, subject to certain limited exceptions,
be transferred, assigned or sold by the holders until 30 days after the completion of a Business Combination and (ii) the holders of Private
Placement Units are entitled to certain registration rights in respect thereof (and with respect to the private placement shares and Share
Rights underlying such Private