Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 33

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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    $— 
  
    Cash 
    $1,312,829  
    $— 
  
    Total Assets 
    $148,755,683  
    $55,000 

18

GESHER
                                            ACQUISITION CORP. II

NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER
30, 2025

    For the Three Months Ended September 30, 2025  
    For the Nine Months Ended September 30, 2025  
    For the Period from
 August 29,
 2024
 (inception) Through  September 30, 2024 
  
    General and administrative expenses 
    $305,728  
    $571,046  
    $  — 
  
    Interest earned on marketable securities held in Trust Account 
    $1,507,974  
    $3,119,056  
    $— 

The
CODM reviews interest earned on the Trust Account to measure and monitor shareholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Investment Management Trust Agreement, dated March 20,
2025, by and between the Company and Continental.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a Business Combination or similar transaction within the Combination Period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative expenses, as reported on the accompanying unaudited condensed statements of operations, are the significant segment
expenses provided to the CODM on a regular basis.

All
other segment items included in net income are reported on the accompanying unaudited condensed statements of operations and described
within their respective disclosures.

The
accounting policies used to measure the profit and loss of the segment are the same as those described above under Note 2.

Note
10 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the accompanying condensed balance sheet date up to the date that the accompanying unaudited condensed financial statements
were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure
in the accompanying unaudited condensed financial statements.

19

Item
2. Management’s Discussion and Analysis of