Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 3

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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984)

The accompanying notes are an integral part of
the unaudited condensed financial statement.

3

GESHER ACQUISITION CORP. II

CONDENSED STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net income 
    $29,499 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest earned on cash and marketable securities held in Trust Account 
     (113,673)
  
    Payment of operation costs through promissory note 
     37,574 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (99,228)
  
    Long-term prepaid insurance 
     (72,038)
  
    Accrued expenses 
     (13,875)
  
    Net cash used in operating activities 
     (231,741)

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (144,181,250)
  
    Net cash used in investing activities 
     (144,181,250)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     140,875,000 
  
    Proceeds from sale of Private Placement Units 
     5,656,250 
  
    Repayment of promissory note – related party 
     (162,616)
  
    Payment of offering costs 
     (273,309)
  
    Net cash provided by financing activities 
     146,095,325 

    Net Change in Cash 
     1,682,334 
  
    Cash – Beginning of period 
     — 
  
    Cash – End of period 
    $1,682,334 

    NonCash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $62,500 
  
    Deferred offering costs paid through promissory note – related party 
    $112,542 
  
    Deferred underwriting fee payable 
    $5,031,250 

The accompanying notes are an integral part of
the unaudited condensed financial statement.

4

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATE