Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 94

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 94
---
 to consummate an initial Business Combination
could be impacted by, among other things, downturns in the financial markets or in economic conditions, increases in oil prices, inflation,
fluctuations in interest rates, increases in tariffs, supply chain disruptions, declines in consumer confidence and spending, public health
considerations, and geopolitical instability, such as the military conflicts in Ukraine and the Middle East. We cannot at this time predict
the likelihood of one or more of the above events, their duration or magnitude or the extent to which they may negatively impact our business
and our ability to complete an initial Business Combination.

18

Liquidity and Capital Resources

On March 24, 2025, we consummated the Initial
Public Offering of 14,375,000 Units which includes the full exercise by the underwriters of their over-allotment option in the amount
of 1,875,000 Units, at $10.00 per Unit, generating gross proceeds of $143,750,000. Simultaneously with the closing of the Initial Public
Offering, we consummated the sale of 565,625 Private Placement Units at $10.00 per Private Placement Unit, in a private placement to the
Company’s sponsor and the representative of the underwriters in the Initial Public Offering, generating gross proceeds of $5,656,250.

Following the Initial Public Offering, the full
exercise of the over-allotment option, a total of $144,181,250 was placed in the Trust Account. We incurred $8,409,601 in Initial Public
Offering related costs, including $2,875,000 of cash underwriting fee, $5,031,250 of deferred underwriting fee, and $503,351 of other
offering costs.

For the three months ended March 31, 2025, cash
used in operating activities was $231,741. Net income of $29,499 was affected by interest earned on cash and marketable securities held
in the Trust Account of $113,673 and payment of operation costs through promissory note of $37,574. Changes in operating assets and liabilities
used $185,141 of cash for operating activities.  

As of March 31, 2025, we had cash and marketable
securities held in the Trust Account of $144,294,923. We may withdraw interest from the Trust Account to pay taxes, if any. We intend
to use substantially all of the