Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 61

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 61
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 HVII’s redemption of its public shares, or less than such amount
in certain circumstances, and HVII’s share rights will expire worthless.

HVII
expects to encounter intense competition from other entities having a business objective similar to HVII’s, including private investors
(which may be individuals or investment partnerships), other SPACs and other entities competing for the types of businesses HVII intends
to acquire. Many of these individuals and entities are well-established and have extensive experience in identifying and effecting, directly
or indirectly, acquisitions of companies operating in or providing services to various industries. Many of these competitors possess
greater technical, human and other resources or more industry knowledge than HVII does, and HVII’s financial resources will be
relatively limited when contrasted with those of many of these competitors. While HVII believes there are numerous target businesses
it could potentially acquire with the net proceeds of its initial public offering and the sale of the private placement units, HVII’s
ability to compete with respect to the acquisition of certain target businesses that are sizable will be limited by HVII’s available
financial resources. This inherent competitive limitation gives others an advantage in pursuing the acquisition of certain target businesses.
Furthermore, because HVII is obligated to pay cash for the Class A ordinary shares which HVII’s public shareholders redeem in connection
with HVII’s initial business combination, target companies will be aware that this may reduce the resources available to HVII for
its initial business combination. This may place HVII at a competitive disadvantage in successfully negotiating an initial business combination.
If HVII is unable to complete its initial business combination, HVII’s public shareholders may receive only approximately $10.00
per share on the liquidation of HVII’s trust account and HVII’s share rights will expire worthless.

If
the net proceeds of HVII’s initial offering and the sale of the private placement units not being held in the trust account and
the permitted withdrawals are insufficient to allow HVII to operate for at least the completion window, HVII may be unable to complete
its initial business combination, in which case its public shareholders may only receive $10.00 per share, or less than such amount in
certain circumstances, and its share rights will expire worthless.

The
funds available to HVII outside of the trust account and the permitted withdrawals may not be sufficient to allow HVII to operate for
at least the completion window, assuming that its initial business combination is not completed during that time. HVII believes that
the