Company: HVIIR
Filing Date: 2025-12-23
Form Type: S-4
Source: 0001493152-25-029121
Chunk: 425

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-12-23
Form: S-4
Chunk 425
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 held outside the Trust Account to repay the Working Capital Loans but no proceeds from the Trust Account would be used to repay the Working Capital Loans. Up to $ 2,500,000of such Working Capital Loans may be convertible into Private Placement Units of the post Business Combination entity at a price of $ 10.00per Unit at the option of the lender. As of September 30, 2025 and December 31, 2024, no such Working Capital Loans were outstanding.

Administrative Services Agreement and Payments to Officer and Consultants

The Company entered into an agreement with the Sponsor, commencing on January 17, 2025 through the earlier of the Company’s consummation of a Business Combination and its liquidation, to pay an aggregate of $ 15,000per month for office space, utilities, and secretarial and administrative support services, which amount increased to $ 25,000per month beginning September 1, 2025. For the three and nine months ended September 30, 2025, the Company incurred and paid $ 55,000and $ 137,258administrative services fees, respectively.

The Company entered into an agreement with the CFO, commencing on January
17, 2025, to pay an aggregate of $10,000 per month for services prior to the consummation of the Company’s Business Combination
or until the Company’s liquidation. For the three and nine months ended September 30, 2025, the Company incurred $30,000and $84,839,
respectively, under this agreement with the CFO and are included in accounts payable and accrued expenses on the balance sheet as of September
30, 2025. The Company has agreed to pay consulting and advisory fees of $11,000per month, with a discretionary annual bonus of up to
$25,000, to an affiliate of the Sponsor for services related to the execution and consummation of a Business Combination, which payments
commenced in September 2025. An aggregate of approximately $9,068was charged to operations for the
three months and nine months ended September 30, 2025 for such consulting and advisory services. In addition, in January
2025, the Company began to compensate a Vice President of the Company $16,500per month, with a discretionary annual bonus of up to $165,000,
for her services. An aggregate of approximately $44,406 and $136,771, respectively, was charged to operations for