Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 9

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 Company believes
that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor would be able
to satisfy those obligations.

Liquidity and Capital Resources

As of March 31, 2025, the Company had $1,682,334
of cash and a working capital surplus of $1,700,228.

In order to finance transaction costs in connection
with a Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may,
but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes
a Business Combination, the Company would repay the Working Capital Loans. In the event that a Business Combination does not close, the
Company may use a portion of the working capital held outside the Trust Account to repay the Working Capital Loans but no proceeds from
the Trust Account would be used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible
into private placement units of the post Business Combination entity at a price of $10.00 per unit at the option of the lender. As of
March 31, 2025, no such Working Capital Loans were outstanding.

In connection with the Company’s assessment
of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties
about an Entity’s Ability to Continue as a Going Concern,” as of March 31, 2025, the Company has sufficient funds for the
working capital needs of the Company until a minimum of one year from the date of issuance of these condensed financial statements. The
Company cannot assure that its plans to consummate an initial Business Combination will be successful.

The Company does not believe that it will need
to raise additional funds in order to meet the expenditures required for operating its business. However, if the Company’s estimate
of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than
the actual amount necessary to do so, the Company may have insufficient funds available to operate its business prior to the initial Business
Combination. Moreover, the Company may need to obtain additional financing either to complete its Business Combination or because the
Company becomes obligated to redeem a significant number of public shares upon completion of the Business Combination, in which case the
Company may issue additional securities or incur debt in connection with such Business Combination.