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

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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,370.

In
order to fund working capital deficiencies and finance transaction costs in connection with a Business Combination, the Sponsor or
an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company
funds as may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company
will repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of the
working capital held outside the Trust Account to repay the Working Capital Loans, but no proceeds from the Trust Account would be
used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital Loans may be convertible into units of the
post-Business Combination entity at a price of $10.00 per unit at the option of the lender. As of September 30, 2025, no such
Working Capital Loans were outstanding.

In
connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 204-50, “Presentation
of Financial Statements - Going Concern,” the Company does not believe it will need to raise additional funds to meet the expenditures
required for operating its business. However, if the estimate of the costs of identifying a target business, undertaking in-depth due
diligence and negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient
funds available to operate its business prior to the initial Business Combination. Moreover, the Company may need to obtain additional
financing either to complete its Business Combination or because the Company becomes obligated to redeem a significant number of public
shares upon completion of the Business Combination, in which case, the Company may issue additional securities or incur debt in connection
with such Business Combination.

7

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER 30, 2025

Note
2 — Summary of Significant Accounting Policies

Basis
of Presentation

The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form
10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements
prepared in accordance with GAAP have been condensed or omitted,