Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 7

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 as trustee.
The funds are initially to be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in
money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government
treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the
intended Business Combination. To mitigate the risk that might be deemed to be an investment company for purposes of the Investment Company
Act, which risk increases the longer that the Company holds investments in the Trust Account, the Company may, at any time (based on the
Company management team’s (“Management”) ongoing assessment of all factors related to the potential status under the
Investment Company Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in
the Trust Account in cash or in an interest bearing demand deposit account at a bank. Except with respect to interest earned on the funds
held in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering
and the Private Placement will not be released from the Trust Account until the earliest of (i) the completion of the initial Business
Combination, (ii) the redemption of the Public Shares if the Company is unable to complete the initial Business Combination by December
24, 2026, 21 months from the closing of the Initial Public Offering, or by such earlier liquidation date as the Company’s board
of directors may approve (the “Combination Period”), subject to applicable law, or (iii) the redemption of the Public
Shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles
of association (the “Amended and Restated Articles”) to modify the (1) substance or timing of the Company’s obligation
to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s Public Shares if the
Company has not consummated an initial Business Combination within the Combination Period or (2) any other material provisions relating
to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject
to the claims of the Company’s creditors, if any, which could have priority over the claims of the holders of the Public Shares
(the “Public Shareholders”).

The Company will