Company: HVIIR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001741
Chunk: 98

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 98
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any such persons from engaging for their own account in business activities of the types conducted by HVII. Accordingly, such persons
or entities may have a conflict between their interests and those of HVII.

HVII
may engage in an initial business combination with one or more target businesses that have relationships with entities that may be affiliated
with members of its management team, its sponsor or existing holders, which may raise potential conflicts of interest.

In
light of the involvement of HVII’s sponsor and its affiliates, its management team, on the one hand, with other entities, on the
other hand, HVII may decide to acquire one or more businesses affiliated with its sponsor and its affiliates, its management team. HVII’s
directors and officers also serve as officers and board members for other entities, including, without limitation, those described under
the section of HVII’s registration filed in connection with its initial public offering entitled “ Management - Conflicts
of Interest.” Such entities may compete with HVII for business combination opportunities. HVII’s sponsor and management team
are not currently aware of any specific opportunities for HVII to complete its initial business combination with any entities with which
they are affiliated, and there have been no preliminary discussions concerning an initial business combination with any such entity or
entities. Although HVII will not be specifically focusing on, or targeting, any transaction with any affiliated entities, it would pursue
such a transaction if it determined that such affiliated entity met its criteria for an initial business combination as set forth in
the section of this Report entitled “ Business - Selection of a Target Business and Structuring of HVII’s Initial Business
Combination

HVII’s
management may not be able to maintain control of a target business after its initial business combination. HVII cannot provide assurance
that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably
operate such business.

HVII
may structure an initial business combination so that the post-transaction company in which its public shareholders own shares will own
less than 100% of the equity interests or assets of a target business, but HVII will only complete such business combination if the post-transaction
company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest
in the target sufficient for HVII not to be required to register as an investment company under the Investment Company Act. HVII will
not consider any transaction that does not