Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 76

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 76
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 initial business combination.

Certain
agreements related to HVII’s initial public offering may be amended or waived without shareholder approval.

Each
of the agreements related to HVII’s initial public offering to which HVII is a party, other than the share rights agreement and
the investment management trust agreement, may be amended or waived without shareholder approval. Such agreements are: the underwriting
agreement; the letter agreement among HVII and its initial shareholders, sponsor, officers and directors; the registration rights agreement
among HVII and its initial shareholders; the private placement units purchase agreement between HVII and its sponsor; and the administrative
services agreement among HVII, its sponsor and an affiliate of its sponsor. These agreements contain various provisions that HVII’s
public shareholders might deem to be material. For example, the letter agreement and the underwriting agreement contain certain lock-up
provisions with respect to the founder shares, private placement units and other securities held by HVII’s initial shareholders,
sponsor, officers and directors. Amendments to or waivers of such agreements would require the consent of the applicable parties thereto
and would need to be approved by HVII’s board of directors, which may do so for a variety of reasons, including to facilitate HVII’s
initial business combination. While HVII does not expect its board of directors to approve any amendment to or waiver of any of these
agreements prior to its initial business combination, it may be possible that HVII’s board of directors, in exercising its business
judgment and subject to its fiduciary duties, chooses to approve one or more amendments to or waivers of any such agreement in connection
with the consummation of HVII’s initial business combination. Any amendment or waiver entered into in connection with the consummation
of HVII’s initial business combination will be disclosed in its proxy materials or tender offer documents, as applicable, related
to such initial business combination, and any other material amendment to or waiver of any of HVII’s material agreements will be
disclosed in a filing with the SEC. Any such amendments or waivers would not require approval from HVII’s shareholders, may result
in the completion of HVII’s initial business combination that may not otherwise have been possible, and may have an adverse effect
on the value of an investment in HVII’s securities. For example, amendments to or waivers of the lock-up provision discussed above
may result in HVII’s initial shareholders selling their securities earlier than they would otherwise be permitted, which may have