What changed in this filing

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Item 1A. Risk Factors

2025-11-14 compared with 2025-08-13 · 9 added, 46 removed, 3 unchanged (95% of the section changed)

of the date of this Quarterly Report, except as detailed below, there have been no material changes to the risk factors disclosed in

HVII’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025.

Any of these factors

could result in a significant or material adverse effect on HVII’s results of operations or financial condition.

Additional risk

factors not presently known to HVII or that HVII currently deems immaterial may also impair HVII’s business or results of operations.

HVII may disclose changes to such risk factors or disclose additional risk factors from time to time in its future filings with the SEC.

in international trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on HVII’s

search for a business combination target or the performance or business prospects of a post-business combination company.

have recently been significant changes to international trade policies and tariffs affecting imports and exports.

Any significant increases

in tariffs on goods or materials or other changes in trade policy could negatively affect HVII’s search for a target business and/or

HVII’s ability to complete its business combination.

has implemented a range of new tariffs and increases to existing tariffs.

In response to the tariffs announced by the U.S.,

other countries have imposed, are considering imposing, and may in the future impose new or increased tariffs on certain exports from

There is currently significant uncertainty about the future relationship between the U.S.

and other countries with respect to

trade policies, taxes, government regulations and tariffs.

HVII cannot predict whether, and to what extent, current tariffs will continue

or trade policies will change in the future.

or the threat of tariffs or increased tariffs, could have a significant negative impact on certain businesses (either due to domestic

businesses reliance on imported goods or dependence on access to foreign markets, or foreign businesses’ reliance on sales into

In addition, retaliatory tariffs could have a significant negative impact on foreign businesses that rely on imports from

the U.S., and domestic businesses that rely on exporting goods internationally.

These tariffs and threats of tariffs and other potential

trade policy changes could negatively affect the attractiveness of certain business combination targets, or lead to material adverse

effects on a post-business combination company.

Among other things, historical financial performance of companies affected by trade policies

and/or tariffs may not provide useful guidance as to the future performance of such companies, because future financial performance of

those companies may be materially affected by new U.S.

tariffs or foreign retaliatory tariffs, or other changes to trade policies.

business prospects of a particular target for a business combination could change even after HVII enters into a business combination

agreement, as a result of tariffs or the threat of tariffs that may have a material impact on that target’s business, and it may

be costly or impractical for HVII to terminate that business combination agreement.

These factors could affect HVII’s selection

of a business combination target.

may not be able to adequately address the risks presented by these tariffs or other potential trade policy changes.

As a result, HVII

may deem it costly, impractical or risky to complete a business combination with a particular target or with a target in a particular

industry or from a particular country.

Consequently, the pool of potential target companies may be reduced, which could impair HVII’s

ability to identify a suitable target and to complete a business combination.

If HVII completes a business combination with such a target,

the post-business combination company’s operations and financial results could be adversely affected as a result of tariffs or

changes to trade policies, which may cause the market value of the securities of the post-business combination company to decline.

of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in HVII’s Annual Report

on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025 and in HVII’s Quarterly Report on Form 10-Q

for the quarter ended June 30, 2025 filed with the SEC on August 13, 2025.

Any of these factors could result in a significant or material

adverse effect on HVII’s results of operations or financial condition.

Additional risk factors not presently known to HVII or that

HVII currently deems immaterial may also impair HVII’s business or results of operations.

HVII may disclose changes to such risk

factors or disclose additional risk factors from time to time in its future filings with the SEC.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

2 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors