Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 6

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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a-7 under the Investment Company Act, which invest only in direct
U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose
of facilitating the intended Business Combination. To mitigate the risk that might be deemed to be an investment company for purposes
of the Investment Company Act, which risk increases the longer that the Company holds investments in the Trust Account, the Company may,
at any time (based on management team’s ongoing assessment of all factors related to the potential status under the Investment Company
Act), instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in
cash or in an interest bearing demand deposit account at a bank. Except with respect to interest earned on the funds held in the Trust
Account that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering and the sale of the
Private Placement Units will not be released from the Trust Account until the earliest of (i) the completion of the Company’s
initial Business Combination, (ii) the redemption of the Company’s public shares if the Company is unable to complete the initial
Business Combination within 21 months from the closing of the Initial Public Offering or by such earlier liquidation date as the Company’s
board of directors may approve (the “Completion Window”), subject to applicable law, or (iii) the redemption of the Company’s
public shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and
articles of association to (A) modify the substance or timing of the Company’s obligation to allow redemption in connection
with the initial Business Combination or to redeem 100% of the Company’s public shares if the Company has not consummated an initial
Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of
the Company’s creditors, if any, which could have priority over the claims of the Company’s public shareholders.

5

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

The Company will provide the Company’s public
shareholders with the opportunity to redeem all or a portion of their public shares upon the completion