Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 54

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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0,
as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully effect a Business
Combination.

5

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Following the closing of the Initial Public Offering,
on March 24, 2025, an amount of $144,181,250 ($10.03 per Unit) from the net proceeds of the sale of the Units, was placed in a trust account
(the “Trust Account”), with Continental Stock Transfer & Trust Company (“Continental”), acting as trustee.
The funds are initially to be invested only in U.S. government treasury obligations with a maturity of 185 days or less or in
money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government
treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the
intended Business Combination. To mitigate the risk that might be deemed to be an investment company for purposes of the Investment Company
Act, which risk increases the longer that the Company holds investments in the Trust Account, the Company may, at any time (based on the
Company management team’s (“Management”) ongoing assessment of all factors related to the 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. Except with respect to interest earned on the funds
held in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering
and the Private Placement will not be released from the Trust Account until the earliest of (i) the completion of the initial Business
Combination, (ii) the redemption of the Public Shares if the Company is unable to complete the initial Business Combination by December
24, 2026, 21 months from the closing of the Initial Public Offering, or by such earlier liquidation date as the Company’s board
of directors may approve (the “Combination Period”), subject to applicable law, or (iii) the redemption of the Public
Shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum