Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 58

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 rights to liquidating distributions from the Trust Account with respect to their founder shares and private
placement shares if the Company fails to complete its Business Combination within the Completion Window, although they will be entitled
to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete its
Business Combination within the Completion Window and to liquidating distributions from assets outside the Trust Account; and (iv) vote
any founder shares or private placement shares held by them and any public shares purchased during or after the Initial Public Offering
(including in open market and privately-negotiated transactions, aside from shares they may purchase in compliance with the requirements
of Rule 14e-5 under the Exchange Act, which would not be voted in favor of approving a Business Combination) in favor of a Business Combination.

NOTE
5 — RELATED PARTY TRANSACTIONS

Founder
Shares

On
October 8, 2024, the Sponsor made a capital contribution of $25,000, or approximately $0.004 per share, for which the Company issued
5,750,000 founder shares to the Sponsor. On January 10, 2025, the Company issued an additional 958,333 founder shares (up to 125,000
shares of which were subject to forfeiture depending on the extent to which the Underwriters’ over-allotment option is exercised)
for no additional consideration, resulting in the Sponsor holding a total of 6,708,333 founder shares (up to 875,000 of which are subject
to forfeiture by the holders thereof depending on the extent to which the Underwriters’ option to purchase additional Units is
exercised). All share and per share data have been retrospectively presented. On January 21, 2025, the Underwriters partially exercised
their over-allotment option and forfeited the unexercised balance. As a result of the partial exercise and the subsequent forfeiture
of the over-allotment option by the Underwriters, 500,000 founder shares are no longer subject to forfeiture and 375,000 founder shares
were forfeited, resulting in the Sponsor (after giving effect to the founder share transfers described below) holding 5,203,333 founder
shares.

On
December 1, 2024 and January 1, 2025, the Sponsor transferred 250,000 and 750,000 founder shares to each of Nicholas Geeza, the Company’s
Executive Vice President, Chief Financial Officer (“C