Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 115

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 115
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 two-class method in calculating earnings per Ordinary Share and allocate net income
(loss) pro rata to Class A Ordinary Shares subject to possible redemption, nonredeemable Class A Ordinary Shares and Class B Ordinary
Shares. Accretion associated with the redeemable Class A Ordinary Shares is excluded from earnings per share as the redemption value
is not in excess of the fair value.

24

Recent
Accounting Standards

In
November 2024, the FASB issued ASU 2024-03, requiring public entities to disclose additional information about specific expense categories
in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December
15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact
of adopting ASU 2024-03.

Management
does not believe that any other recently issued, but not yet effective, accounting standards, which, if currently adopted, would have
a material effect on the unaudited condensed financial statements and notes thereto included in this Report under Item 1. “Financial
Statements”.

Item
3. Quantitative and Qualitative Disclosures About Market Risk.

We
are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information otherwise
required under this Item.

Item
4. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed
under the Exchange Act, such as this Report, is recorded, processed, summarized, and reported within the time periods specified in the
SEC’s rules and forms. Disclosure controls and procedures are also designed with the objective of ensuring that such information
is accumulated and communicated to our Management, including our Certifying Officers, as appropriate, to allow timely decisions regarding
required disclosure. Under the supervision and with the participation of our Management, including our Certifying Officers, we carried
out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as defined in Rules 13a-15(e)
and 15d-15(e) under the Exchange Act. Based on the foregoing, our Certifying Officers concluded that our disclosure controls and procedures
were effective as of September 30, 2025.

We
do not expect that our disclosure controls and procedures will