Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 66

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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, the Company sold 14,375,000 Public Units, which includes a full exercise by the underwriters of their Over-Allotment Option
amounting to 1,875,000 Public Units, at a purchase price of $10.00 per Public Unit. Each Public Unit consists of one Public Share, and
one-half of one Public Warrant.

Note 4 — Private Placement

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and BTIG purchased an aggregate of 565,625 Private Placement Units at a price of $10.00 per Private Placement
Unit, in the Private Placement. Each Private Placement Unit consists of one Private Placement Share and one-half of one Private Placement
Warrant. Each Private Placement Warrant entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per shares, subject
to adjustments. Each Private Placement Warrant will become exercisable 30 days after the completion of the initial Business Combination
and will not expire except upon liquidation. If the initial Business Combination is not completed within the Combination Period, the net
proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public
Shares (subject to the requirements of applicable law).

11

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The Private Placement Warrants contained in the
Private Placement Units are identical to the Warrants sold in the Initial Public Offering except, the Private Placement Warrants
(i) may not (including the Class A Ordinary Shares issuable upon exercise of these Warrants), subject to certain limited exceptions,
be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) are
entitled to registration rights and (iii) with respect to Private Placement Warrants held by BTIG, and/or its designees, are not
exercisable more than five years from the commencement of sales in the Initial Public Offering in accordance with Financial Industry
Regulatory Authority Rule 5110(g)(8).

Note 5 — Related Party Transactions

Founder Shares

On November 12, 2024, the Sponsor made a
capital contribution of $25,000, or approximately $0.005 per share, through payments of offering costs and expenses