Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 55

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 and articles
of association (the “Amended and Restated Articles”) to modify the (1) substance or timing of the Company’s obligation
to allow redemption in connection with the initial Business Combination or to redeem 100% of the Company’s Public Shares if the
Company has not consummated an initial Business Combination within the Combination Period or (2) any other material provisions relating
to shareholders’ rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject
to the claims of the Company’s creditors, if any, which could have priority over the claims of the holders of the Public Shares
(the “Public Shareholders”).

The Company will provide the Public Shareholders
with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination either
(i) in connection with a general meeting called to approve the initial Business Combination or (ii) without a shareholder vote
by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a proposed initial Business Combination
or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders are entitled to redeem their
Public Shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as
of two business days prior to the consummation of the initial Business Combination, including interest earned on the funds held in
the Trust Account (less income taxes payable), divided by the number of then outstanding Public Shares, subject to the limitations. The
amount in the Trust Account is valued at $10.14 per Public Share.

The Ordinary Shares (as defined in Note 2) subject
to possible redemption were recorded at a redemption value and were classified as temporary equity upon the completion of the Initial
Public Offering, in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”)
Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”).

The Company has only the duration of the Combination
Period to complete the initial Business Combination. If the Company is unable to complete its initial Business Combination within the
Combination Period, the Company will as promptly as reasonably possible, but not more than ten business days thereafter, redeem the
Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest
earned on the funds held in the Trust