Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 4

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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    Investment of cash into Trust Account 
     (190,000,000)
  
    Cash withdrawn from Trust
    Account for working capital purposes 
     140,261 
  
    Net cash used in investing
    activities 
     (189,859,739)

    Cash flows from financing
    activities: 

    Proceeds from sale of Units, net of underwriting
    discounts paid 
     186,200,000 
  
    Proceeds from sale of Private Placement Units 
     6,900,000 
  
    Proceeds from promissory note - related party 
     33,203 
  
    Repayment of promissory note - related party 
     (109,993)
  
    Payment of deferred offering
    costs 
     (510,412)
  
    Net
    cash provided by financing activities 
     192,512,798 

    Net change in cash and cash
    equivalents 
     1,841,187 
  
    Cash and cash equivalents, beginning of the
    period 
     20,005 
  
    Cash
    and cash equivalents, end of the period 
    $1,861,192 

    Noncash investing and financing activities: 

    Offering costs included
    in accrued offering costs 
    $100,000 
  
    Deferred offering costs
    included in deferred legal fees 
    $150,000 
  
    Deferred underwriting
    fee payable 
    $7,600,000 

The
accompanying notes are an integral part of the unaudited condensed financial statements.

4

HENNESSY
CAPITAL INVESTMENT CORP. VII

NOTES
TO CONDENSED FINANCIAL STATEMENTS

JUNE
30, 2025

(UNAUDITED)

NOTE
1 — ORGANIZATION AND BUSINESS OPERATIONS

Hennessy
Capital Investment Corp. VII (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on
September 27, 2024. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase,
reorganization, or similar business combination with one or more businesses (a “Business Combination”).

As
of June 30, 2025, the Company had not commenced any operations. All activity for the period from September 27, 2024 (inception) through
June 30