Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 36

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 or HVII’s officers and
directors, if any, have not been determined and no written agreements exist with respect to such loans. HVII does not expect to seek loans
from parties other than HVII’s sponsor, an affiliate of HVII’s sponsor or its officers and directors, if any, as HVII does
not believe third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in
the Trust Account.

22

HVII does not believe it will
need to raise additional funds in order to meet the expenditures required for operating its business. However, if HVII’s estimate
of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a business combination are less than
the actual amount necessary to do so, HVII may have insufficient funds available to operate its business prior to its business combination.
Moreover, HVII may need to obtain additional financing either to complete its business combination or because it becomes obligated to
redeem a significant number of its public shares upon completion of its business combination, in which case HVII may issue additional
securities or incur debt in connection with such business combination. If HVII raises additional funds through the incurrence of indebtedness,
such indebtedness would have rights that are senior to HVII’s equity securities and could contain covenants that restrict HVII’s
operations. Further, due to the anti-dilution rights of the founder shares, public shareholders may incur material dilution. In addition,
HVII intends to target businesses with enterprise values that are greater than it could acquire with its current funds, and, as a result,
if the cash portion of the purchase price exceeds the amount available from the Trust Account, net of amounts needed to satisfy redemptions
by public shareholders, HVII may be required to seek additional financing to complete such proposed business combination. HVII may also
obtain financing prior to the closing of its business combination to fund its working capital needs and transaction costs in connection
with its search for and completion of its business combination. There is no limitation on HVII’s ability to raise funds through
the issuance of equity or equity-linked securities or through loans, advances or other indebtedness in connection with its business combination,
any backstop or similar agreements HVII may enter into following the consummation of this offering or otherwise. Subject to compliance
with applicable securities laws, HVII would only complete such financing simultaneously with the completion of HVII’s business combination.
If HV