Company: HVIIR
Filing Date: 2025-01-13
Form Type: S-1/A
Source: 0001493152-25-001958
Chunk: 235

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-13
Form: S-1/A
Chunk 235
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Sales by our affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information about us.

| 168 |

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available for the resale of securities initially issued by shell companies (other than a business combination related shell companies) or issuers that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:

| ● | the                                                                                          
 issuer of the securities that was formerly a shell company has ceased to be a shell company; |

| ● | the                                                                                      
 issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) 
 of the Exchange Act;                                                                     |

| ● | the                                                                                            
 issuer of the securities has filed all Exchange Act reports and material required to be filed, 
 as applicable, during the preceding 12 months (or such shorter period that the issuer was      
 required to file such reports and materials), other than Current Reports on Form 8-K; and      |

| ● | at                                                                                              
 least one year has elapsed from the time that the issuer filed current Form 10 type information 
 with the SEC reflecting its status as an entity that is not a shell company.                    |

As a result, our initial shareholders will be able to sell their founder shares and our sponsor will be able to sell its private placement units, as applicable, pursuant to Rule 144 without registration one year after we have completed our initial business combination.

Registration Rights

The holders of the founder shares (and the Class A ordinary shares issuable upon conversion of the founder shares), private placement units (and the private placement shares and private placement rights underlying such private placement units and the Class A ordinary shares underlying such private placement rights) and private placement units that may be issued upon conversion of working capital loans (and any private placement shares and private placement rights underlying such private placement units and the Class A ordinary shares underlying such private placement rights) and their permitted transferees will be entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date of this offering requiring us to register such securities for resale (in the case of the founder shares, only after conversion to Class A ordinary shares). The holders of these securities, having at least $25 million in the aggregate, will collectively be entitled to demand, excluding short form registration demands, that we register such securities