Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 52

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Note 1 — Description of Organization and Business Operations

Gesher Acquisition Corp. II (the “Company”)
is a special purpose acquisition 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”). The Company has not selected any specific Business Combination
target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any
Business Combination target with respect to an initial Business Combination with the Company.

As of June 30, 2025, the Company had not commenced
any operations. All activity for the period from August 29, 2024 (inception) through June 30, 2025 relates to the Company’s
formation and the Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying a target company
for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination,
at the earliest. The Company will generate 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
Company’s 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 includes
the full exercise by the underwriters of their Over-Allotment Option (as defined in Note 6) in the amount of 1,875,000 units (the “Option
Units”), at $10.00 per Option Unit, generating gross proceeds of $143,750,000 (the “Initial Public Offering”), which
is described in Note 3. Each Public Unit consists of