Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 77

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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, the
holders of more than 50% of the Ordinary Shares voted for the appointment of directors can elect all of the directors. Prior to the consummation
of the initial Business Combination, only holders of the Class B Ordinary Shares (i) have the right to vote on the appointment and removal
of directors and (ii) are entitled to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any Special
Resolution required to amend the constitutional documents or to adopt new constitutional documents, in each case, as a result of the
Company approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of Class A Ordinary Shares
are not entitled to vote on these matters during such time. These provisions of the Amended and Restated Articles may only be amended
if approved by a Special Resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of
the consummation of the initial Business Combination, two-thirds) of the votes cast by such shareholders as, being entitled to do so,
vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company. 

15

GESHER
                                            ACQUISITION CORP. II

NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER
30, 2025

Warrants

As
of September 30, 2025, there were 7,470,313 Warrants outstanding, including 7,187,500 Public Warrants and 282,813 Private Placement 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 as
discussed herein. The Warrants cannot be exercised until 30 days after the completion of the initial Business Combination, and will
expire at 5:00 p.m., New York City time, five years after the completion of the initial Business Combination or earlier
upon redemption or liquidation.

The
Company will not be obligated to deliver any Class A Ordinary Shares pursuant to the exercise of a Warrant and will have no obligation
to settle such warrant exercise unless a registration statement under the Securities Act with respect to the Class A Ordinary Shares
underlying the Warrants is then effective and a prospectus relating thereto is current. No Warrant will be exercisable and the Company
will not be obligated to