Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 71

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 71
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 and guidelines, and as a result, the target
business with which HVII enters into its initial business combination may not have attributes entirely consistent with its general criteria
and guidelines.

Although
HVII has identified general criteria and guidelines for evaluating prospective target businesses, it is possible that a target business
with which HVII enters into its initial business combination will not have all of these positive attributes. If HVII completes its initial
business combination with a target that does not meet some or all of these guidelines, such combination may not be as successful as a
combination with a business that does meet all of HVII’s general criteria and guidelines. In addition, if HVII announces a prospective
business combination with a target that does not meet its general criteria and guidelines, a greater number of shareholders may exercise
their redemption rights, which may make it difficult for HVII to meet any closing condition with a target business that requires HVII
to have a minimum net worth or a certain amount of cash. In addition, if shareholder approval of the transaction is required by law,
or HVII decides to obtain shareholder approval for business or other legal reasons, it may be more difficult for HVII to attain shareholder
approval of its initial business combination if the target business does not meet its general criteria and guidelines. If HVII is unable
to complete its initial business combination, its public shareholders may receive only approximately $10.00 per share on the liquidation
of its trust account and its share rights will expire worthless. In certain circumstances, HVII’s public shareholders may receive
less than $10.00 per share upon HVII’s liquidation.

HVII
may seek business combination opportunities with a financially unstable business or an entity lacking an established record of revenue,
cash flow or earnings, which could subject it to volatile revenues, cash flows or earnings or difficulty in retaining key personnel.

To
the extent HVII completes its initial business combination with a financially unstable business or an entity lacking an established record
of revenues or earnings, it may be affected by numerous risks inherent in the operations of the business with which it combines. These
risks include volatile revenues or earnings and difficulties in obtaining and retaining key personnel. In recent years, a number of target
businesses have underperformed financially post-business combination. There are no assurances that the target business with which HVII
consummates its initial business combination will perform as anticipated. Although HVII’s officers and directors will endeavor
to evaluate the risks inherent in a particular target business, HVII may