Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 16

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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deemable Class A  
    Class B 
  
    Basic and diluted net income per ordinary share 

    Numerator: 

    Allocation of net income 
    $695,793  
     25,268  
    $296,946 

    Denominator: 

    Basic and diluted weighted average shares outstanding 
     14,566,667  
     529,000  
     6,216,666 
  
    Basic and diluted net income per ordinary share 
    $0.05  
     0.05  
    $0.05 

    10

HENNESSY CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

MARCH
31, 2025

(UNAUDITED)

Share-Based Compensation

The Company records
share-based compensation in accordance with FASB ASC Topic 718, “Compensation-Share Compensation” (“ASC 718”),
guidance to account for its share-based compensation. It defines a fair value-based method of accounting for an employee share option
or similar equity instrument. The Company recognizes all forms of share-based payments at their fair value on the grant date, which are
based on the estimated number of awards that are ultimately expected to vest. Share-based payments are valued using a Black-Scholes option
pricing model. Grants of share-based payment awards issued to non-employees for services rendered have been recorded at the fair value
of the share-based payment, which is the more readily determinable value. The grants are amortized on a straight-line basis over the requisite
service periods, which is generally the vesting period. If an award is granted, but vesting does not occur, any previously recognized
compensation cost is reversed in the period related to the termination of service. Share-based compensation expenses are included in costs
and operating expenses depending on the nature of the services provided in the statement of operations.

Recent Accounting Standards

Management does not
believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the
Company’s unaudited condensed financial statements.

NOTE 3 — INITIAL PUBLIC OFFERING

Pursuant to the Initial
Public Offering, on January 21, 2025, the Company sold 19,000,000 Units, which includes the partial exercise by the Underwriters of their
over-allotment option in the amount of