Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 90

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 90
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to cover over-allotments, if any. On March 24, 2025, the underwriters fully exercised their Over-Allotment Option, purchasing 1,875,000
Option Units at a price of $10.00 per Option Unit.

The
Underwriters were entitled to a cash underwriting discount of 2.00% of the gross proceeds of the Initial Public Offering, or $2,875,000
in the aggregate, which was paid upon the closing of the Initial Public Offering. Additionally, the Underwriters are entitled to the
Deferred Underwriting Fee of 3.50% of the gross proceeds of the Initial Public Offering, or $5,031,250, payable upon the closing of an
initial Business Combination, but 1% of such Deferred Underwriting Fee shall be due solely on amounts remaining in the Trust Account
following all properly submitted shareholder redemptions in connection with the consummation of our initial Business Combination and
0.5% of such Deferred Underwriting Fee may be used by the Company for expenses in the initial Business Combination or for working capital
for the combined company after the Business Combination.

Registration
Rights

The
holders of (i) the Founder Shares, (ii) the Private Placement Units and (iii) any private placement-equivalent units issued in connection
with the Working Capital Loans, if any (and in each case holders of their underlying securities, as applicable) are entitled to registration
rights pursuant to the Registration Rights Agreement, requiring us to register such securities for resale (in the case of the Founder
Shares, only after conversion to our Class A Ordinary Shares). The holders of the majority of these securities are entitled to make up
to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back”
registration rights with respect to registration statements filed subsequent to the consummation of a Business Combination and rights
to require us to register for resale such securities pursuant to Rule 415 under the Securities Act. BTIG may only make a demand on one
occasion and only during the five-year period beginning on the effective date of the IPO Registration Statement. In addition, BTIG may
participate in a “piggy-back” registration only during the seven-year period beginning on the effective date of the IPO Registration
Statement. We will bear the expenses incurred in connection with the filing of any such registration statements.

23

Letter
Agreement

Our
Sponsor, directors and