Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 83

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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financing either to complete our Business Combination or because we become obligated to redeem a significant number of our Public Shares
upon consummation of our Business Combination, in which case we may issue additional securities or incur debt in connection with such
Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

Administrative Services Agreement

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than the Administrative Services Agreement, pursuant to which
we pay an affiliate of the Sponsor an aggregate of $10,000 per month for office space, utilities and secretarial and administrative support
services. We began incurring these fees on March 24, 2025 and will continue to incur these fees monthly until the earlier of the completion
of the Business Combination and our liquidation. For the three and six months ended June 30, 2025, the Company incurred $30,000 of fees
under the Administrative Services Agreement.

Underwriting Agreement

The underwriters of the Initial Public Offering
had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 1,875,000 Option Units to cover
over-allotments, if any. On March 24, 2025, the underwriters fully exercised their Over-Allotment Option, purchasing 1,875,000 Option
Units at a price of $10.00 per Option Unit.

The underwriters were entitled to a cash underwriting
discount of 2.00% of the gross proceeds of the Initial Public Offering, or $2,875,000 in the aggregate, which was paid upon the closing
of the Initial Public Offering. Additionally, the underwriters are entitled to a Deferred Fee of 3.50% of the gross proceeds of the Initial
Public Offering, or $5,031,250, payable upon the closing of an initial Business Combination, but 1