Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 41

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 41
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 with the completion
of HVII’s initial business combination. Specifically, HVII’s amended and restated memorandum and articles of association
provide, among other things, that:

  prior                                                                                             
  HVII                                                                                              
  if                                                                                                
  prior                                                                                             

These
provisions cannot be amended without the approval of a special resolution, meaning the approval of holders of at least two-thirds of
HVII’s ordinary shares who attend and vote at a general meeting of the company. In the event HVII seeks shareholder approval in
connection with its initial business combination, HVII’s amended and restated memorandum and articles of association provide that,
unless otherwise required by applicable law or stock exchange rules, HVII may consummate its initial business combination only if approved
by a majority of the ordinary shares voted by HVII’s shareholders at a duly held shareholders meeting.

Competition

In
identifying, evaluating and selecting a target business for HVII’s initial business combination, HVII has encountered, and expects
to continue to encounter, intense competition from other entities having a business objective similar to HVII’s, including private
investors (which may be individuals or investment partnerships), other SPACs, private equity groups and leveraged buyout funds, public
companies and operating businesses seeking strategic acquisitions. Many of these individuals and entities are well established and have
extensive experience identifying and effecting business combinations or acquisitions directly or through affiliates. Moreover, many of
these competitors possess greater technical, financial, human, and other resources or more local industry knowledge than HVII does and
HVII’s financial resources are relatively limited when contrasted with those of many of these competitors. While HVII believes
there are numerous target businesses it could potentially acquire with the net proceeds of its initial public offering and the sale of
the private placement units, HVII’s ability to compete with respect to the acquisition of certain target businesses that are sizable
is limited by its available financial resources. This inherent competitive limitation gives others an advantage in pursuing the acquisition
of certain target businesses. Furthermore, HVII’s obligation to pay cash in connection with its public shareholders who exercise
their redemption rights may reduce the resources available to HVII for its initial business combination and its outstanding share rights,
and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Any of these obligations
may place HVII at a competitive disadvantage in successfully negotiating and completing an initial business combination.

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Sponsor
Indemnity

HV