Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 48

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

Note 1 — Description of Organization and Business Operations

Gesher Acquisition Corp. II (the “Company”)
is a special purpose acquisition company incorporated as a Cayman Islands exempted company on August 29, 2024. The Company was incorporated
for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar Business
Combination with one or more businesses (the “Business Combination”). The Company has not selected any specific Business Combination
target and the Company has not, nor has anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any
Business Combination target with respect to an initial Business Combination with the Company.

As of March 31, 2025, the Company had not commenced
any operations. All activity for the period from August 29, 2024 (inception) through March 31, 2025 relates to the Company’s
formation and the initial public offering (the “Initial Public Offering”), which is described below, and subsequent to the
Initial Public Offering, identifying a target company for a Business Combination. The Company will not generate any operating revenues
until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the
form of interest income on investments from the proceeds derived from the Initial Public Offering. The Company has selected December 31
as its fiscal year end.

The registration statement for the Company’s
Initial Public Offering was declared effective on March 14, 2025. On March 24, 2025, the Company consummated the Initial Public Offering
of 14,375,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units being offered, the
“Public Shares”), which includes the full exercise by the underwriters of their over-allotment option in the amount of 1,875,000
Units, at $10.00 per Unit, generating gross proceeds of $143,750,000, which is described in Note 3. Each Unit consists of one Class A
ordinary share and one-half of one redeemable warrant (each, a “Public Warrant”).

Simultaneously with the closing of the Initial
Public Offering, the Company consummated