Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 75

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 arrangements whereby the Company have a contractual obligation
to repurchase such shares after the closing of the initial Business Combination; and (iii) up to 0.5% per unit will be released
to BTIG upon completion of an initial Business Combination, in cash, provided that the Company has the right, in its sole discretion,
to reallocate all or some of such amount for the payment of expenses in connection such initial Business Combination.

Note
7 — Shareholders’ Equity (Deficit)

Preference
Shares

The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of September 30, 2025 and December
31, 2024, there were no preference shares issued or outstanding.

Class
A Ordinary Shares

The
Company is authorized to issue a total of 200,000,000 Class A Ordinary Shares at par value of $0.0001 each. As of September 30, 2025,
there were 565,625 Class A Ordinary Shares issued and outstanding, excluding the 14,375,000 Class A Ordinary Shares subject to possible
redemption, and no shares issued and outstanding at December 31, 2024.

14

GESHER
                                            ACQUISITION CORP. II

NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER
30, 2025

Class
B Ordinary Shares

The
Company is authorized to issue a total of 20,000,000 Class B Ordinary Shares at par value of $0.0001 each. As of September 30, 2025 and
December 31, 2024, there were 5,513,483 Class B Ordinary Shares issued and outstanding.

The
Founder Shares will automatically convert into Class A Ordinary Shares in connection with the consummation of the initial Business Combination
or earlier at the option of the holder on a one-for-one basis, subject to adjustment for any share subdivisions, share capitalizations,
reorganizations, recapitalizations and the like. In the case that additional Class A Ordinary Shares, or any other equity-linked securities,
are issued or deemed issued in excess of the amounts sold in the Initial Public Offering and related to or in connection with the closing
of the initial Business Combination, the ratio at which Class B Ordinary Shares convert into Class A Ordinary Shares will be adjusted
(unless the holders of a majority of the outstanding Class