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Meteora and Vik Mittal Disclose 7.12% Holding in Hennessy Capital (HVIIU)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Meteora Capital, LLC and Vik Mittal report beneficial ownership of 1,402,904 shares of Hennessy Capital Investment Corp. VII Class A common stock, representing 7.12% of the class. Meteora is identified as an investment adviser and Vik Mittal as its Managing Member.

All voting and dispositive authority over these shares is reported as shared (no sole voting or sole dispositive power). The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Positive

  • 1,402,904 shares reported, representing a 7.12% beneficial ownership of HVIIU Class A common stock
  • Reporting persons are identified as an investment adviser (IA) and the Managing Member, and they include a certification that the securities were acquired in the ordinary course and not to influence control

Negative

  • All voting and dispositive power is reported as shared; the reporting persons have no sole voting or sole dispositive power
  • The filing aggregates holdings as held by the "Meteora Funds" and does not identify which specific funds or managed accounts hold the reported shares, limiting transparency

Insights

TL;DR: A material passive stake—7.12% (1,402,904 shares)—is disclosed, signaling a significant investor position without asserted control.

Meteora's reported 7.12% ownership exceeds the 5% threshold that typically attracts market attention and regulatory disclosure. The position is reported under shared voting and dispositive power, indicating management control over the underlying funds rather than direct, unilateral ownership. The classification as an investment adviser ("IA") clarifies the reporting capacity. From a capital-markets perspective, this is a material ownership disclosure but, based solely on the information provided, it does not indicate an intent to exert control.

TL;DR: Shared voting/dispositive power and an ordinary-course certification reduce indications of activist intent; transparency on underlying accounts is limited.

The filing states all voting and dispositive authority is shared, and it contains a certification that the holdings were not acquired to change control, which together suggest a passive stance. However, the statement groups holdings under "Meteora Funds" without identifying individual funds or accounts, which limits granular transparency about which managed entities hold the position. For governance analysis, the lack of sole power and the ordinary-course claim mitigate immediate control concerns but leave open questions about concentration within specific managed vehicles.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G



Meteora Capital, LLC
Signature:Vik Mittal
Name/Title:Managing Memeber
Date:08/14/2025

FAQ

How many HVIIU shares does Meteora Capital report owning?

Meteora Capital reports beneficial ownership of 1,402,904 shares of HVIIU Class A common stock.

What percentage of HVIIU does Meteora Capital own?

The reported position represents 7.12% of the Class A common stock.

Does Meteora Capital have sole voting or dispositive power over the HVIIU shares?

No. The filing reports 0 shares with sole voting or sole dispositive power and 1,402,904 shares with shared voting and dispositive power.

Who are the reporting persons in this Schedule 13G for HVIIU?

The reporting persons are Meteora Capital, LLC (a Delaware investment adviser) and Vik Mittal (Managing Member).

Are the HVIIU shares held on behalf of other funds or accounts?

Yes. The shares are held by certain funds and managed accounts for which Meteora serves as investment manager (collectively referred to as the Meteora Funds).

Does Meteora state an intent to change or influence control of HVIIU?

The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to change or influence control.
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