Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 81

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 81
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45  

Resources
could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts
to locate and acquire or merge with another business. If HVII is unable to complete its initial business combination, its public shareholders
may receive only approximately $10.00 per share, or less than such amount in certain circumstances, on the liquidation of its trust account
and its share rights will expire worthless.

HVII
anticipates that the investigation of each specific target business and the negotiation, drafting and execution of relevant agreements,
disclosure documents and other instruments will require substantial management time and attention and substantial costs for accountants,
attorneys, consultants and others. If HVII decides not to complete a specific initial business combination, the costs incurred up to
that point for the proposed transaction likely would not be recoverable. Furthermore, if HVII reaches an agreement relating to a specific
target business, it may fail to complete its initial business combination for any number of reasons including those beyond its control.
Any such event will result in a loss to HVII of the related costs incurred which could materially adversely affect subsequent attempts
to locate and acquire or merge with another business. If HVII is unable to complete its initial business combination, its public shareholders
may receive only approximately $10.00 per share on the liquidation of its trust account and its share rights will expire worthless. In
certain circumstances, HVII’s public shareholders may receive less than $10.00 per share upon its liquidation.

HVII’s
key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination.
These agreements may provide for them to receive compensation following HVII’s initial business combination and as a result, may
cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.

HVII’s
key personnel may be able to remain with the company after the completion of its initial business combination only if they are able to
negotiate employment or consulting agreements in connection with the initial business combination. Such negotiations would take place
simultaneously with the negotiation of the initial business combination and could provide for such individuals to receive compensation
in the form of cash payments and/or HVII’s securities for services they would render to HVII after the completion of the initial
business combination. The personal and financial interests of such individuals may influence their motivation in identifying and selecting
a target business. However, HVII believes the ability of such individuals to remain with HVII