Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 36

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 36
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 well as payments to any creditors, will
be funded from amounts held outside the trust account, although there is no assurance that there will be sufficient funds for such purpose.
However, if those funds are not sufficient to cover the costs and expenses associated with implementing HVII’s plan of dissolution,
to the extent that there is any interest accrued in the trust account not required to pay income taxes, HVII may request the trustee
to release to it an additional amount of up to $100,000 of such accrued interest to pay those costs and expenses.

If
HVII were to expend all of the net proceeds of its initial public offering and the sale of the private placement units, other than the
proceeds deposited in the trust account, and without taking into account interest, if any, earned on the trust account and any tax payments
or expenses for the dissolution of the trust, the per share redemption amount received by shareholders upon HVII’s dissolution
would be approximately $10.00. The proceeds deposited in the trust account could, however, become subject to the claims of HVII’s
creditors which would have higher priority than the claims of HVII’s public shareholders. There is no assurance that the actual
per share redemption amount received by shareholders will not be substantially less than $10.00. Please see the section of this Report
entitled “ Risk Factors - If third parties bring claims against HVII, the proceeds held in the trust account could be reduced
and the per-share redemption amount received by shareholders may be less than $10.00 per share

Although
HVII has sought and will continue to seek to have all vendors, service providers (other than its independent registered public accounting
firm), prospective target businesses or other entities with which HVII does business execute agreements with HVII waiving any right,
title, interest or claim of any kind in or to any monies held in the trust account for the benefit of HVII’s public shareholders,
there is no guarantee that they will execute such agreements or even if they execute such agreements that they would be prevented from
bringing claims against the trust account including but not limited to fraudulent inducement, breach of fiduciary responsibility or other
similar claims, as well as claims challenging the enforceability of the waiver, in each case in order to gain an advantage with respect
to a claim against HVII’s assets, including the funds held in the trust account. If any third party refuses to execute an agreement
waiving such claims to the monies held in