Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 26

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 B Ordinary Shares issued and outstanding.

The
Founder Shares will automatically convert into Class A Ordinary Shares in connection with the consummation of the initial Business Combination
or earlier at the option of the holder on a one-for-one basis, subject to adjustment for any share subdivisions, share capitalizations,
reorganizations, recapitalizations and the like. In the case that additional Class A Ordinary Shares, or any other equity-linked securities,
are issued or deemed issued in excess of the amounts sold in the Initial Public Offering and related to or in connection with the closing
of the initial Business Combination, the ratio at which Class B Ordinary Shares convert into Class A Ordinary Shares will be adjusted
(unless the holders of a majority of the outstanding Class B Ordinary Shares agree to waive such adjustment with respect to any such
issuance or deemed issuance) so that the number of Class A Ordinary Shares issuable upon conversion of all Class B Ordinary Shares will
equal, in the aggregate, 27.72% of the sum of (i) the total number of Ordinary Shares outstanding upon the completion of the Initial
Public Offering (including any Class A Ordinary Shares issued pursuant to the Over-Allotment Option and excluding the Private Placement
Shares), plus (ii) all Class A Ordinary Shares and equity-linked securities issued or deemed issued, in connection with the closing of
the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial
Business Combination and any private placement-equivalent units issued to the Sponsor or any of its affiliates or to the Company’s
officers or directors upon conversion of Working Capital Loans) minus (iii) any redemptions of Public Shares by Public Shareholders in
connection with an initial Business Combination or certain amendments to the Amended and Restated Articles prior to an initial Business
Combination; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

Holders
of record of the Ordinary Shares are entitled to one vote for each share held on all matters to be voted on by shareholders. Unless specified
in the Amended and Restated Articles or as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules,
an ordinary resolution under Cayman Islands law and the Amended and Restated Articles, which requires the affirmative vote of at least
a majority of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy