Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 12

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with
a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities and generally
have a readily determinable fair value, or a combination thereof. When the Company’s investments held in the Trust Account are comprised
of U.S. government securities, the investments are classified as trading securities, which are presented at fair value. Gains and losses
resulting from the change in fair value of these securities are included in income from investments held in the Trust Account in the accompanying
unaudited condensed statement of operations. The estimated fair values of investments held in the Trust Account are determined using available
market information. As of March 31, 2025, of the assets held in the Trust Account, $144,197,761 was held in a money market funds and $97,162
was held in cash.

Concentration of Credit Risk

Financial instruments that potentially subject
the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal
Deposit Insurance Corporation coverage limit of $250,000. Any loss incurred or a lack of access to such funds could have a significant
adverse impact on the Company’s financial condition, results of operations, and cash flows.

Offering Costs

The Company complies with the requirements of the ASC 340-10-S99
and SEC Staff Accounting Bulletin Topic 5A, — “Expenses of Offering.” Offering costs consist principally
of professional and registration fees that are related to the Initial Public Offering. FASB ASC 470-20, “Debt with Conversion
and Other Options,” addresses the allocation of proceeds from the issuance of convertible debt into its equity and debt components.
The Company applies this guidance to allocate Initial Public Offering proceeds from the Units between Class A ordinary shares and Warrants,
using the residual method by allocating Initial Public Offering proceeds first to assigned value of the Warrants and then to the Class
A ordinary shares. Offering costs allocated to the Public Shares were charged to temporary equity, and offering costs allocated to the
Public Warrants and Private Placement Units were charged to shareholders’ equity (deficit) as Public Warrants and Private Placement
Warrants, after management’s evaluation, were accounted for under equity treatment.

Transaction costs amounted to $8,409,601, consisting
of $2,875,000 of cash underwriting