Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 109

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 109
---
, 2024 (inception) through
September 30, 2025 have been (i) organizational activities and (ii) activities relating to (x) the Initial Public Offering and (y) identifying
and evaluating prospective acquisition candidates and activities in connection with the initial Business Combination. We will not generate
any operating revenues until after completion of our initial Business Combination. We have generated non-operating income in the form
of interest income on investments held in the Trust Account after the Initial Public Offering. We expect to incur increased expenses
as a result of being a public company (for legal, financial reporting, accounting and auditing compliance, among other things), as well
as for due diligence expenses.

For
the three months ended September 30, 2025, we had a net income of $1,202,246, which consists of interest income on marketable securities
held in the Trust Account of $1,507,974, offset by operating costs of $305,728.

For
the nine months ended September 30, 2025, we had a net income of $2,548,010, which consists of interest income on marketable securities
held in the Trust Account of $3,119,056, offset by operating costs of $571,046. For the period from August 29, 2024 (inception) through
September 30, 2024, we had no net income or loss.

21

Liquidity
and Capital Resources

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $144,181,250
was placed in the Trust Account. We incurred $8,409,601 in Initial Public Offering related costs, including $2,875,000 of cash underwriting
fee, the Deferred Underwriting Fee of $5,031,250, and $503,351 of other offering costs.

For
the nine months ended September 30, 2025, cash used in operating activities was $601,246. Net income of $2,548,010 was affected by interest
earned on marketable securities held in the Trust Account of $3,119,056 and payment of operation costs through the IPO Promissory Note
of $37,574. Changes in operating assets and liabilities used $67,774 of cash for operating activities.  For the period from
August 29, 2024 (inception) through September