Company: HVIIR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010497
Chunk: 96

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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 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 HVII is unable to complete its business combination because it does not have sufficient funds available to it, HVII will be forced
to cease operations and liquidate the Trust Account. In addition, following its business combination, if cash on hand is insufficient,
HVII may need to obtain additional financing in order to meet its obligations.

Off-Balance Sheet Financing Arrangements

HVII has no obligations, assets
or liabilities, which would be considered off-balance sheet arrangements as of March 31, 2025. HVII does not participate in transactions
that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which
would have been established for the purpose of facilitating off-balance sheet arrangements. HVII has not entered into any off-balance
sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities or purchased
any non-financial assets.

Contractual Obligations

HVII does not have any long-term
debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an aggregate of
$15,000 per month for office space, utilities and secretarial and administrative support services and an agreement to pay Nicholas Geeza,
HVII’s chief financial officer, an aggregate of $10,000 per month. HVII began incurring these fees on January 17, 2025, and will
continue to incur these fees monthly until the earlier of the completion of its business combination and its liquidation.

The underwriters of HVII’s
initial public offering were entitled to a cash underwriting discount of $0.20 per unit, or $3,800,000 in the aggregate, which was paid
to the underwriters in cash at the closing of the initial public offering