Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 62

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 62
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 Loans may be convertible into units of the
post-Business Combination entity at a price of $10.00 per unit at the option of the lender. As of September 30, 2025, no such
Working Capital Loans were outstanding.

In
connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 204-50, “Presentation
of Financial Statements - Going Concern,” the Company does not believe it will need to raise additional funds to meet the expenditures
required for operating its business. However, if the estimate of the costs of identifying a target business, undertaking in-depth due
diligence and negotiating a Business Combination are less than the actual amount necessary to do so, the Company may have insufficient
funds available to operate its business prior to the initial Business Combination. Moreover, the Company may need to obtain additional
financing either to complete its Business Combination or because the Company becomes obligated to redeem a significant number of public
shares upon completion of the Business Combination, in which case, the Company may issue additional securities or incur debt in connection
with such Business Combination.

7

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER 30, 2025

Note
2 — Summary of Significant Accounting Policies

Basis
of Presentation

The
accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted
in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form
10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements
prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial
reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position,
results of operations, or cash flows. In the opinion of Management, the accompanying unaudited condensed financial statements include
all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating
results and cash flows for the periods presented.

The
accompanying unaudited condensed financial statements should be read in conjunction with the IPO Registration Statement, as well as the
Company’s Current Report on Form 8-K, as filed with the SEC on March 31, 2025. The interim