Hennessy Capital Investment Corp. VII [HVIIR]
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These are publicly traded rights issued by Hennessy Capital Investment Corp. VII, typically entitling holders to receive additional shares or warrants upon the completion of a business combination or under other specified conditions. Rights are derivative securities commonly issued by SPACs as part of their unit structure during the initial public offering. Each right generally has a fractional value and multiple rights are typically required to receive one share or warrant of the post-combination company. Rights usually have nominal trading value until a business combination is announced and terms are clarified. They represent a speculative instrument with risk of becoming worthless if a business combination is not completed or if redemption terms are unfavorable, and investors should carefully review the SPAC's prospectus to understand specific terms and conditions.