Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 5

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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00 per
Private Placement Unit, in a private placement to the Company’s sponsor, Gesher Acquisition Sponsor II LLC (the “Sponsor”),
and BTIG, LLC (“BTIG”), the representative of the underwriters, generating gross proceeds of $5,656,250, which is described
in Note 4. Each Private Placement Unit consists of one Class A ordinary share and one-half of one redeemable warrant (the “Private
Placement Warrants” and together with the Public Warrants, the “Warrants”). Each whole Warrant entitles the holder to
purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Of those 565,625 Private Placement Units, the
Sponsor purchased 403,125 Private Placement Units and BTIG purchased 162,500 Private Placement Units.

Transaction costs amounted to $8,409,601, consisting
of $2,875,000 of cash underwriting fee, $5,031,250 of deferred underwriting fee, and $503,351 of other offering costs.

The Business Combination must be with one or more
target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below)
(excluding the amount of deferred underwriting discounts held and income taxes payable on the income earned on the Trust Account) at the
time of the signing an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination
if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise
acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able
to successfully effect a Business Combination.

Following the closing of the Initial Public Offering,
on March 24, 2025, an amount of $144,181,250 ($10.03 per Unit) from the net proceeds of the sale of the Units and the Private Placement
Units, was placed in the trust account (the “Trust Account”), with Continental Stock Transfer & Trust Company acting as
trustee. The funds are initially to be invested only in U.S. government treasury obligations with a maturity of 185 days or
less or in money market funds meeting certain conditions under Rule 2