Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 59

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 Topic 260, “Earnings Per Share.” The Company has two classes of ordinary shares, which are referred
to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of ordinary shares.
This presentation assumes a business combination as the most likely outcome. Net income per ordinary share is calculated by dividing the
net income by the weighted average ordinary shares outstanding for the respective period.

The following tables present a reconciliation of the numerator and
denominator used to compute basic and diluted net income per ordinary share for each class of ordinary shares:

    For the Three Months Ended March 31, 2025 

    Class A  
    Class B 
  
    Basic net income per ordinary share: 

    Numerator: 

    Allocation of net income 
    $6,244  
    $23,255 
  
    Denominator: 

    Weighted-average shares outstanding 
     1,328,056  
     4,946,561 
  
    Basic net income per ordinary share 
    $0.00  
    $0.00 

    For the Three Months Ended March 31, 2025 

    Class A  
    Class B 
  
    Diluted net income per ordinary share: 

    Numerator: 

    Allocation of net income 
    $5,726  
    $23,773 
  
    Denominator: 

    Weighted-average shares outstanding 
     1,328,056  
     5,513,483 
  
    Diluted net income per ordinary share 
    $0.00  
    $0.00 

10

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

Share-Based Compensation

The Company records share-based compensation in
accordance with FASB ASC Topic 718, “Compensation-Share Compensation” (“ASC 718”), guidance to account for its
share-based compensation. It defines a fair value-based method of accounting for an employee share option or similar equity instrument.
The Company recognizes all forms of share-based payments at their fair value on the grant date, which are based on the estimated number
of awards that are ultimately expected to vest. Grants of share-based payment awards issued to non-employees for services rendered are
recorded at the