Company: HVIIR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001641172-25-023283
Chunk: 45

Company: Hennessy Capital Investment Corp. VII
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 45
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ponsor”), and an aggregate of 190,000 Private Placement Units were purchased by the
underwriters of the Initial Public Offering (collectively, the “Underwriters”): Cohen & Company Capital Markets, a division
of J.V.B Financial Group, LLC (133,000); Clear Street LLC (28,500); and Loop Capital Markets LLC (28,500). The Private Placement Units
are identical to the Units sold in the Initial Public Offering, except that (i) the Private Placement Units (and the Class A ordinary
shares (the “private placement shares”) and Share Rights underlying the Private Placement Units and the Class A ordinary
shares issuable upon conversion of the Share Rights) may not be transferred, assigned or sold, subject to certain limited exceptions,
until 30 days after the completion of its Business Combination and (ii) the holders of the Private Placement Units are entitled to certain
registration rights in respect thereof (and with respect to the private placement shares and Share Rights underlying such Private Placement
Units and the Class A ordinary shares issuable upon conversion of the Share Rights).

Transaction
costs of the Initial Public Offering amounted to $12,656,782, consisting of $3,800,000 of cash underwriting fee, $7,600,000 of deferred
underwriting fee and $1,256,782 of other offering costs.

The
Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering
and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating
a Business Combination (less deferred underwriting commissions).

The
Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least
80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes
payable on the income earned on the Trust Account) at the time of the signing an agreement to enter into a Business Combination. However,
the Company will only complete a Business Combination if the post-Business Combination 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 it not to be required to register
as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no
assurance that the Company will be able to successfully effect a Business Combination