Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 96

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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 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.

To mitigate the risk that we might be deemed to
be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the Trust
Account, we may, at any time, (based on our management team’s ongoing assessment of all factors related to our potential status
under the Investment Company Act) instruct the trustee to liquidate the investments held in the Trust Account and instead to hold the
funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

19

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of March 31, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an affiliate of the Sponsor a monthly
fee of $10,000 for office space, utilities, and secretarial and administrative support. We began incurring these fees on April 1, 2025
and will continue to incur these fees monthly until the earlier of the completion of the Business Combination and our liquidation.

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 1,875,000 Units to cover over-allotments, if any. On March 24,
2025, the underwriters elected to fully exercise their over-allotment option to purchase an additional 1,875,000 Units at a price