Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 26

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 26
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 to execution. HVII cannot currently determine whether its insiders will make
such purchases pursuant to a Rule 10b5-1 plan, as it will be dependent upon several factors, including but not limited to, the timing
and size of such purchases. Depending on such circumstances, HVII’s insiders may either make such purchases pursuant to a Rule
10b5-1 plan or determine that such a plan is not necessary.

The
purpose of any such transactions could be to (i) increase the likelihood of obtaining shareholder approval of the business combination,
(ii) reduce the number of public share rights outstanding and/or increase the likelihood of approval on any matters submitted to the
public share right holders for approval in connection with HVII’s initial business combination or (iii) satisfy a closing condition
in an agreement with a target that requires HVII to have a minimum net worth or a certain amount of cash at the closing of HVII’s
initial business combination, where it appears that such requirement would otherwise not be met. Any such purchases of HVII’s securities
may result in the completion of HVII’s initial business combination that may not otherwise have been possible.

In
addition, if such purchases are made, the public “float” of HVII’s securities may be reduced and the number of beneficial
holders of HVII’s securities may be reduced, which may make it difficult to maintain or obtain the quotation, listing or trading
of HVII’s securities on a national securities exchange.

HVII’s
management team, sponsor or any of their respective affiliates anticipate that they may identify the shareholders with whom HVII’s
sponsor, officers, directors or their affiliates may pursue privately negotiated transactions by either the shareholders contacting HVII
directly or by HVII’s receipt of redemption requests submitted by shareholders (in the case of Class A ordinary shares) following
HVII’s mailing of tender offer or proxy materials in connection with HVII’s initial business combination. To the extent that
HVII’s sponsor, officers, directors or their affiliates enter into a private transaction, they would identify and contact only
potential selling or redeeming shareholders who have expressed their election to redeem their shares for a pro rata share of the trust
account or vote against HVII’s initial business combination, whether or not such shareholder has already submitted a proxy with
respect to HVII’s initial business combination but only if such shares have not already been voted at the general meeting related
to HVII’s initial business combination. HVII’s management team, sponsor