Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 23

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 its Business Combination. The holders of these securities are entitled to make up to three
demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain piggyback registration
rights with respect to registration statements filed subsequent to the completion of a Business Combination. The Company will bear the
expenses incurred in connection with the filing of any such registration statements.

Underwriting
Agreement

The
Underwriters had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 2,625,000 Units to cover
over-allotments, if any. On January 21, 2025, the Underwriters partially exercised their over-allotment option in the amount of 1,500,000
Units and forfeited the remaining unexercised balance of 1,125,000 Units.

The
Underwriters were entitled to a cash underwriting discount of $0.20 per Unit, or $3,800,000 in the aggregate, paid to the Underwriters
in cash at the closing of the Initial Public Offering. Additionally, the Underwriters are entitled to a deferred underwriting discount
of up to $0.40 per Unit, or up to $7,600,000 in the aggregate (subject to reduction based on the funds remaining in the Trust Account
after giving effect to the public shares that are redeemed in connection with the Company’s Business Combination), payable to the
Underwriters for deferred underwriting commissions on amounts remaining in the Trust Account after all redemptions by public shareholders
have been met. The deferred underwriting discount will become payable to the Underwriters from the amounts held in the Trust Account
solely in the event the Company completes its Business Combination.

    14

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

Deferred
Legal Fees

As
of June 30, 2025, the Company had a total deferred legal fee of $775,000, of which $175,000 was related to general matters and $600,000
was related to the Initial Public Offering and charged to offering costs, all of which is to be paid to the Company’s legal advisors
upon consummation of its Business Combination. As of December 31, 2024, the Company had a total deferred legal fee of $450,000,