Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 38

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 statements and related disclosures in conformity with accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent
assets and liabilities at the date of the unaudited condensed financial statements and income and expenses during the periods reported.
Actual results could materially differ from those estimates. HVII has not identified any critical accounting estimates.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

HVII is a smaller reporting company
as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information otherwise required under this item.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls are procedures
that are designed with the objective of ensuring that information required to be disclosed in HVII’s reports filed under the Exchange
Act, such as this Quarterly Report, is recorded, processed, summarized, and reported within the time period specified in the SEC’s
rules and forms. Disclosure controls are also designed with the objective of ensuring that such information is accumulated and communicated
to HVII’s management, including the chief executive officer and chief financial officer, as appropriate to allow timely decisions
regarding required disclosure. HVII’s management evaluated, with the participation of HVII’s current chief executive officer
and chief financial officer (HVII’s “Certifying Officers”), the effectiveness of HVII’s disclosure controls and
procedures as of March 31, 2025, pursuant to Rule 13a-15(b) under the Exchange Act. Based upon that evaluation, HVII’s Certifying
Officers concluded that, as of March 31, 2025, HVII’s disclosure controls and procedures were effective.

HVII does not expect that its
disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how
well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures
are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the
benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no
evaluation of disclosure controls and procedures can provide absolute assurance that HVII has detected all HVII’s control deficiencies
and instances of fraud, if any. The design of disclosure controls and procedures also is based