Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 79

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their
Public Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in
the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, and in the
event the Company does not so elect, the Company will use its commercially reasonable efforts to register or qualify the shares under
applicable blue sky laws to the extent an exemption is not available.

If
the holders exercise their Public Warrants on a cashless basis, they would pay the warrant exercise price by surrendering the Warrants
for that number of Class A Ordinary Shares equal to the quotient obtained by dividing (x) the product of the number of Class A Ordinary
Shares underlying the Warrants, multiplied by the excess of the “fair market value” of the Class A Ordinary Shares over the
exercise price of the Warrants by (y) the fair market value. The “fair market value” is the average reported closing
price of the Class A Ordinary Shares for the 10 trading days ending on the third trading day prior to the date on which the
notice of exercise is received by the warrant agent or on which the notice of redemption is sent to the holders of Warrants, as applicable.

Redemption
of Warrants When the Price per Class A Ordinary Share Equals or Exceeds $18.00

The
Company may redeem the outstanding Warrants:

    ●
    in
    whole and not in part;

    ● at a price of $0.01 per Warrant; 

    ● upon a minimum of 30 days’ prior written notice of redemption; and 

    ● if, and only if, the last reported sale price  of the Class A Ordinary Shares equals or exceeds $18.00 per share (as adjusted for adjustments to the number of Class A Ordinary Shares issuable upon exercise or the exercise price of a warrant) for any 20 trading days within a 30-trading day period commencing at least 30 days after completion of the initial Business Combination and ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. 

16

GESHER
                                            ACQUISITION CORP. II

NOTES
TO