Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 76

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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 B Ordinary Shares agree to waive such adjustment with respect to any such
issuance or deemed issuance) so that the number of Class A Ordinary Shares issuable upon conversion of all Class B Ordinary Shares will
equal, in the aggregate, 27.72% of the sum of (i) the total number of Ordinary Shares outstanding upon the completion of the Initial
Public Offering (including any Class A Ordinary Shares issued pursuant to the Over-Allotment Option and excluding the Private Placement
Shares), plus (ii) all Class A Ordinary Shares and equity-linked securities issued or deemed issued, in connection with the closing of
the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial
Business Combination and any private placement-equivalent units issued to the Sponsor or any of its affiliates or to the Company’s
officers or directors upon conversion of Working Capital Loans) minus (iii) any redemptions of Public Shares by Public Shareholders in
connection with an initial Business Combination or certain amendments to the Amended and Restated Articles prior to an initial Business
Combination; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis.

Holders
of record of the Ordinary Shares are entitled to one vote for each share held on all matters to be voted on by shareholders. Unless specified
in the Amended and Restated Articles or as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules,
an ordinary resolution under Cayman Islands law and the Amended and Restated Articles, which requires the affirmative vote of at least
a majority 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 is generally required to approve any matter voted on by the Company’s shareholders.
Approval of certain actions requires a special resolution under Cayman Islands law, which (except as specified below) requires the affirmative
vote of at least 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 (a “Special Resolution”), and pursuant to the Amended and Restated Articles,
such actions include amending the Amended and Restated Articles and approving a statutory merger or consolidation with another company.
There is no cumulative voting with respect to the appointment of directors, meaning, following the initial Business Combination