Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 57

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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 Company (the “Class A Ordinary Shares” and with respect to the Class A Ordinary Shares included in the Public
Units, the “Public Shares”) and one-half of one redeemable warrant (each, a “Public Warrant”).

Simultaneously
with the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 565,625 units (the “Private
Placement Units” and together with the Public Units, the “Units”) at a price of $10.00 per Private Placement Unit,
in a private placement to (i) the Company’s sponsor, Gesher Acquisition Sponsor II LLC (the “Sponsor”), and (ii) BTIG,
LLC (“BTIG”), the representative of the several underwriters of the Initial Public Offering (the “Underwriters”),
generating gross proceeds of $5,656,250 (the “Private Placement”), which is described in Note 4. Of those 565,625 Private
Placement Units, the Sponsor purchased 403,125 Private Placement Units and BTIG purchased 162,500 Private Placement Units. Each Private
Placement Unit consists of one Class A Ordinary Share (the “Private Placement Shares”) and one-half of one redeemable warrant
(the “Private Placement Warrants” and together with the Public Warrants, the “Warrants”). Each whole Warrant
entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per share, subject to adjustment.

Transaction
costs amounted to $8,409,601, consisting of $2,875,000 of cash underwriting fee, the Deferred Underwriting Fee (as defined in Note 6)
of $5,031,250, and $503,351 of other offering costs.

The
Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net
balance in the Trust Account (as defined below) (excluding the amount of Deferred Underwriting Fee held and taxes payable on the income
earned on the Trust Account, if any) at the time of the signing an agreement to enter into a Business Combination. However, the Company
will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting
securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register
as an investment company under the Investment Company Act of 194