Hennessy Capital Investment Vii's

HVII competes with various entities—including private investors, other SPACs, private equity groups, leveraged buyout funds, public companies, and operating businesses seeking strategic acquisitions—in identifying, evaluating, and selecting a target business for its initial business combination. HVII's affiliates are also sponsoring another SPAC, Hennessy VIII, which may compete with HVII for acquisition opportunities and could create conflicts of interest. Many competitors possess greater technical, financial, human, and local industry resources than HVII. HVII's comparatively limited financial resources may restrict its ability to compete for larger target businesses. Additionally, obligations to pay cash for shareholder redemptions and potential dilution from outstanding share rights may place HVII at a competitive disadvantage in negotiating and completing an initial business combination.