Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 23

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 23
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 significant risk factors.

In
evaluating a prospective target business, HVII expects to conduct a thorough due diligence review which will encompass, among other things,
meetings with incumbent management and employees, document reviews, inspection of facilities, as well as a review of financial, operational,
legal and other information which will be made available to HVII.

The
time required to select and evaluate a target business and to structure and complete HVII’s initial business combination, and the
costs associated with this process, are not currently ascertainable with any degree of certainty. Any costs incurred with respect to
the identification and evaluation of a prospective target business with which HVII’s initial business combination is not ultimately
completed will result in HVII incurring losses and will reduce the funds HVII can use to complete another business combination.

Lack
of Business Diversification

After
the completion of HVII’s initial business combination, the prospects for HVII’s success may depend entirely on the future
performance of a single business.

Unlike
other entities that have the resources to complete business combinations with multiple entities in one or several industries, it is probable
that HVII will not have the resources to diversify its operations and mitigate the risks of being in a single line of business. By completing
HVII’s initial business combination with only a single entity, HVII’s lack of diversification may:

  subject                                                                                      
  HVII to negative economic, competitive and regulatory developments, any or all of which may  
  have a substantial adverse impact on the particular industry in which HVII operates after    
  its initial business combination; and                                                        
 ───────────────────────────────────────────────────────────────────────────────────────────────
  cause                                                                                        

Limited
Ability to Evaluate the Target’s Management Team

Although
HVII intends to closely scrutinize the management of a prospective target business when evaluating the desirability of effecting its
initial business combination with that business, HVII’s assessment of the target business’s management may not prove to be
correct. In addition, the future management may not have the necessary skills, qualifications or abilities to manage a public company.
Furthermore, the future role of members of HVII’s management team, if any, in the target business cannot presently be stated with
any certainty. While it is possible that one or more of HVII’s directors will remain associated in some capacity with HVII following
its initial business combination, it is highly unlikely that any of them will devote their full efforts to HVII’s