Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 84

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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% of such Deferred Fee shall be due solely on amounts remaining in the Trust Account following all properly submitted shareholder
redemptions in connection with the consummation of our initial Business Combination and 0.5%% of such Deferred Fee may be used by the
Company for expenses in the initial Business Combination or for working capital for the combined company after the Business Combination.

21

Critical Accounting Estimates and Policies

The preparation of the unaudited condensed financial
statements and the notes thereto included in this Report under “Item 1. Financial Statements” in conformity with GAAP requires
Management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of such unaudited condensed financial statements, and income and expenses during the periods reported. Actual
results could materially differ from those estimates. We have identified the following critical accounting policies:

Class A Ordinary Shares Subject to Possible
Redemption

The Public Shares contain a redemption feature
that allows for the redemption of such Public Shares in connection with our liquidation, or if there is a shareholder vote or tender offer
in connection with the initial Business Combination. In accordance with FASB ASC 480-10-S99, “Distinguishing Liabilities from Equity”,
we classify Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within our control.
We recognize changes in Class A Ordinary Shares redemption value immediately as they occur and will adjust the carrying value of redeemable
Class A Ordinary Shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial
Public Offering, we recognized the accretion from initial book value to redemption value. The change in the carrying value of redeemable
Class A Ordinary Shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.

Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03,
requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements
on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods
beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2024-03. 

In November 2023, the FASB issued ASU 2023-07.
The