Company: HVIIR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002259
Chunk: 8

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-15
Form: S-1/A
Chunk 8
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 675,000 private placement units (or up to 701,250 private placement units if the underwriters’ option to purchase additional units is exercised in full), our sponsor has subscribed for 500,000 private placement units (whether or not the underwriters’ option to purchase additional units is exercised in full or at all) and the underwriters have subscribed for 175,000 private placement units (or 201,250 private placement units if the underwriters’ option to purchase additional units is exercised in full). Each private placement unit consists of one Class A ordinary share and one Share Right. Commencing on the date on which our securities are first listed on Nasdaq, we will pay an affiliate of our sponsor $15,000 per month for office space, utilities and secretarial and administrative support. Commencing on the date on which our securities are first listed on Nasdaq, we will pay Nicholas Geeza, our Chief Financial Officer, $10,000 per month for his services until the earlier of the consummation of our initial business combination or our liquidation. Upon consummation of this offering, we will repay up to $250,000 in loans made to us by our sponsor to cover offering-related and organizational expenses. In the event that following this offering we obtain working capital loans from our sponsor to finance transaction costs related to our initial business combination, up to $2.5 million of such loans may be convertible into private placement units of the post-business combination entity at a price of $10.00 per private placement unit at the option of our sponsor. See “Summary — Our Sponsor” for more information.

Because our sponsor acquired the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti-dilution rights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion. See “Risk Factors — Risks Relating to our Sponsor and Management Team — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination,” “— Risks Relating to our Securities — We may issue additional ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination.