Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 20

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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 A ordinary shares trade on the applicable exchange or in the applicable market, regular way, without the
right to receive such rights.

Note 4 — Private Placement

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and BTIG purchased an aggregate of 565,625 Private Placement Units at a price of $10.00 per Private Placement
Unit, in a private placement. Each Unit consists of one Class A ordinary share and one-half of one Private Placement Warrant. Each Private
Placement Warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per shares, subject to adjustments.
Each Private Placement Warrant will become exercisable 30 days after the completion of the Initial Business Combination and will
not expire except upon liquidation. If the Initial Business Combination is not completed within the Completion Window, the net proceeds
from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject
to the requirements of applicable law).

The Private Placement Warrants contained in the
Private Placement Units are identical to the Warrants sold in the Initial Public Offering except, the Private Placement Warrants
(i) may not (including the Class A ordinary shares issuable upon exercise of these Warrants), subject to certain limited exceptions,
be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) are
entitled to registration rights and (iii) with respect to Private Placement Warrants held by BTIG, and/or its designees, are not
exercisable more than five years from the commencement of sales in the Initial Public Offering in accordance with Financial Industry
Regulatory Authority Rule 5110(g)(8).

12

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

The Sponsor and the Company’s officers and
directors have entered into a letter agreement with the Company, pursuant to which they have agreed to (i) waive their redemption
rights with respect to their founder shares and public shares in connection with the completion of the initial Business Combination or
an earlier redemption in connection with the commencement of the procedures to consummate the initial Business Combination if the Company
determines it is desirable to facilitate the completion of the initial Business Combination; (ii