Hennessy Capital Investment Corp VII | 10-Q: FY2026 Q1 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 0.
EBIT: As of FY2026 Q1, the actual value is USD -2.769 M.
Segment Revenue
Hennessy Capital Investment Corp. VII has not generated any operating revenues to date and does not expect to until after the completion of its Initial Business Combination.
Operational Metrics
- Net Income: Hennessy Capital Investment Corp. VII reported net income of $575,611 for the three months ended March 31, 2026, which is a decrease from $1,018,007 for the three months ended March 31, 2025.
- General and Administrative Costs: These costs were $1,096,944 for the three months ended March 31, 2026, an increase from $489,035 for the same period in 2025.
- Interest Income: Interest earned on cash held in the Trust Account was $1,668,676 for the three months ended March 31, 2026, compared to $1,494,489 in 2025. Interest earned on cash equivalents was $3,879 for the three months ended March 31, 2026, down from $12,553 in 2025.
Cash Flow
- Net Cash Used in Operating Activities: Hennessy Capital Investment Corp. VII used - $644,736 in operating activities for the three months ended March 31, 2026, compared to - $488,511 for the same period in 2025.
- Net Cash Provided by (Used in) Investing Activities: Investing activities provided $58,708 for the three months ended March 31, 2026, a significant change from - $190,000,000 used in the prior year period.
- Net Cash Provided by (Used in) Financing Activities: Financing activities used - $75,000 for the three months ended March 31, 2026, compared to $192,512,798 provided in the prior year period.
- Net Change in Cash and Cash Equivalents: The net change was - $661,028 for the three months ended March 31, 2026, compared to $2,024,287 in 2025.
- Cash and Cash Equivalents: As of March 31, 2026, cash and cash equivalents totaled $323,217, down from $984,245 as of December 31, 2025.
- Cash Held in the Trust Account: This amounted to $198,568,274 as of March 31, 2026, an increase from $196,958,306 as of December 31, 2025.
Unique Metrics
- Note Receivable: Hennessy Capital Investment Corp. VII has a note receivable of $300,000 from ONE Nuclear as of March 31, 2026, and December 31, 2025, for expenses related to third-party legal, accounting, and audit services.
- Working Capital: As of March 31, 2026, working capital was $600,019.
Future Outlook and Strategy
Hennessy Capital Investment Corp. VII is a blank check company focused on effecting a business combination. It has entered into a Business Combination Agreement with ONE Nuclear Energy LLC, an independent developer of large-scale energy solutions, in an all-stock transaction valued at $1.00 billion. The deadline for this combination has been extended to June 30, 2026, but the company’s ability to continue as a going concern is in substantial doubt if the combination is not completed by January 21, 2027.
