Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 56

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 56
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 the level of beneficial ownership interest and the nature of any information
or governance rights involved. While HVII’s sponsor is a limited liability company formed in Nevada and is not, is not controlled
by, and does not have any substantial ties with or any members who are, a non-U. S. person, investments that result in “control”
of a U. S. business by a foreign person always are subject to CFIUS jurisdiction. CFIUS’s expanded jurisdiction under the Foreign
Investment Risk Review Modernization Act of 2018 and implementing regulations that became effective on February 13, 2020, further includes
investments that do not result in control of a U. S. business by a foreign person but afford certain foreign investors certain information
or governance rights in a U. S. business that has a nexus to “critical technologies,” “critical infrastructure,”
and/or “sensitive personal data.”

If
a particular proposed initial business combination with a U. S. business falls within CFIUS’s jurisdiction, HVII may determine that
it is required to make a mandatory filing or that it will submit to CFIUS review on a voluntary basis, or to proceed with the transaction
without submitting to CFIUS and risk CFIUS intervention, before or after closing the transaction. CFIUS may decide to block or delay
HVII’s proposed initial business combination, impose conditions with respect to such initial business combination, or request the
President of the United States to order HVII to divest all or a portion of the U. S. target business of HVII’s initial business
combination that HVII acquired without first obtaining CFIUS approval, which may limit the attractiveness of, delay or prevent HVII from
pursuing certain target companies that HVII believes would otherwise be beneficial to HVII and its shareholders. As a result, the pool
of potential targets with which HVII could complete an initial business combination may be limited and HVII may be adversely affected
in terms of competing with other SPACs which do not have similar foreign ownership issues. In addition, certain federally licensed businesses
may be subject to rules or regulations that limit foreign ownership.

In
addition, outside the United States, laws or regulations may affect HVII’s ability to consummate its initial business combination
with potential target companies incorporated or having business operations in jurisdictions where national security considerations, involvement
in regulated industries (including telecommunications) or in businesses relating to a country’s culture or heritage may be