Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 89

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 89
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 If
we complete a Business Combination, we will repay such Working Capital Loans. In the event that a Business Combination does not close,
we may use a portion of the working capital held outside the Trust Account to repay such Working Capital Loans, but no proceeds from
our Trust Account would be used for such repayment. Up to $1,500,000 of such Working Capital Loans may be converted into units of the
post-Business Combination entity at a price of $10.00 per unit. The units would be identical to the Private Placement Units. Other than
as set forth above, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect
to such Working Capital Loans. As of September 30, 2025, we had no borrowings under any Working Capital Loans.

We
do not believe we will need to raise additional funds to meet the expenditures required for operating our business. However, if our 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, we may have insufficient funds available to operate our business prior to our Business Combination.
Moreover, we may need to obtain additional financing either to complete our Business Combination or because we become obligated to redeem
a significant number of our Public Shares upon consummation of our Business Combination, in which case we may issue additional securities
or incur debt in connection with such Business Combination.

Contractual
Obligations

We
do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than as follows:

Administrative
Services Agreement

Commencing
on March 24, 2025, and until the completion of our Business Combination or liquidation, we reimburse the Sponsor an aggregate of $10,000
per month for office space, utilities and secretarial and administrative support pursuant to the Administrative Services Agreement. For
the three and nine months ended September 30, 2025, we incurred $30,000 and $60,000, respectively, of fees under the Administrative Services
Agreement. For the period from August 29, 2024 (inception) through September 30, 2024, we did not incur any payment for these services.

Underwriting
Agreement

The
Underwriters had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 1,875,000 Option Units