Company: HVIIR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002259
Chunk: 175

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-01-15
Form: S-1/A
Chunk 175
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 to deliver their shares to the transfer agent electronically     
 using The Depository Trust Company’s DWAC (Deposit/Withdrawal At Custodian) System, at the holder’s option. The tender                   
 offer or proxy materials, as applicable, that we will furnish to holders of our public shares in connection with our initial business    
 combination will indicate whether we are requiring public shareholders to satisfy such delivery requirements, which will include         
 the requirement that any beneficial owner on whose behalf a redemption right is being exercised must identify itself in order to         
 validly redeem its shares. Accordingly, a public shareholder would have from the time we send out our tender offer materials until       
 the close of the tender offer period, or up to two business days prior to the vote on the business combination if we distribute proxy    
 materials, as applicable, to tender its shares if it wishes to seek to exercise its redemption rights.                                   |     | In                                                                                                                                 
 order to perfect redemption rights in connection with their business combinations, holders could vote against a proposed business  
 combination and check a box on the proxy card indicating such holders were seeking to exercise their redemption rights. After the  
 business combination was approved, the company would contact such shareholders to arrange for them to deliver their certificate to 
 verify ownership.                                                                                                                  |

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Competition

In identifying, evaluating and selecting a target business for our initial business combination, we may encounter intense competition from other entities having a business objective similar to ours, including other blank check companies, private equity groups and leveraged buyout funds, public companies and operating businesses seeking strategic acquisitions. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess greater financial, technical, human and other resources than us. Our ability to acquire larger target businesses will be limited by our available financial resources. This inherent limitation gives others an advantage in pursuing the acquisition of a target business. Furthermore, our obligation to pay cash in connection with our public shareholders who exercise their redemption rights may reduce the resources available to us for our initial business combination and our outstanding Share Rights, and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place us at a competitive disadvantage in successfully negotiating an initial business combination.

Sponsor Indemnity

Our sponsor will agree that it will be liable to us if and to the extent any claims by a third party (other than our independent registered public accounting firm) for services rendered or products sold to us