Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 15

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the
closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption value. The change
in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated
deficit. Accordingly, as of June 30, 2025, Class A ordinary shares subject to possible redemption are presented at redemption value as
temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet. As of December 31, 2024, there
were no Class A ordinary shares subject to possible redemption. As of June 30, 2025, the Class A ordinary shares subject to possible
redemption reflected in the balance sheet are reconciled in the following table:

 SCHEDULE OF CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

    Gross proceeds 
    $190,000,000 
  
    Less: 

    Proceeds allocated to Share Rights 
     (1,577,000)
  
    Class A ordinary shares issuance costs 
     (12,508,055)
  
    Plus: 

    Remeasurement of carrying value to redemption value 
     15,504,819 
  
    Class A ordinary shares subject to possible
    redemption, March 31, 2025 
    $191,419,764 
  
    Plus: 

    Remeasurement of carrying value to redemption
    value 
     1,888,444 
  
    Class A ordinary shares
    subject to possible redemption, June 30, 2025 
    $193,308,208 

Net
Income Per Ordinary Share

Net
income per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the
period, excluding ordinary shares subject to forfeiture, through the date of the Initial Public Offering. At June 30, 2025, the Company
did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and
then share in the earnings of the Company. As a result, diluted income per ordinary share is the same as basic income per ordinary share
for the periods presented.

The
following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 SCHEDULE OF CALCULATION OF BASIC AND