Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 56

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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GESHER
ACQUISITION CORP. II

NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER
30, 2025

Note
1 — Description of Organization and Business Operations

Gesher
Acquisition Corp. II (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on August 29,
2024. The Company was incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar Business Combination with one or more businesses (the “Business Combination”). As of September
30, 2025, the Company had not entered into a definitive agreement with any specific Business Combination target.

As
of September 30, 2025, the Company had not commenced any operations. All activity for the period from August 29, 2024 (inception)
through September 30, 2025 relates to the Company’s formation and the Initial Public Offering (as defined below), and subsequent
to the Initial Public Offering, identifying and evaluating prospective acquisition candidates and activities in connection with the Business
Combination. The Company will not generate any operating revenue until after the completion of its initial Business Combination, at the
earliest. The Company generates non-operating income in the form of interest income on investments from the proceeds derived from the
Initial Public Offering. The Company has selected December 31 as its fiscal year end.

The
Registration Statement on Form S-1 for the Initial Public Offering, initially filed with the U.S. Securities and Exchange Commission
(the “SEC”) on January 28, 2025, as amended (File No. 333-284552), was declared effective on March 14, 2025 (the “IPO
Registration Statement”). On March 24, 2025, the Company consummated the Initial Public Offering of 14,375,000 units (the “Public
Units”), which included the full exercise of the Over-Allotment Option (as defined in Note 6) in the amount of 1,875,000 Public
Units (the “Option Units”), at $10.00 per Public Unit, generating gross proceeds of $143,750,000 (the “Initial Public
Offering”), which is described in Note 3. Each Public Unit consists of one Class A ordinary share, par value $0.0001 per
share, of the