Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 4

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 IPO Promissory Note 
     37,574 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (138,495)
  
    Due from Sponsor 
     (550)
  
    Long-term prepaid insurance 
     (53,531)
  
    Accrued expenses 
     25,074 
  
    Net cash used in operating activities 
     (395,246)

    Cash Flows from Investing Activities: 

    Investment of cash in Trust Account 
     (144,181,250)
  
    Net cash used in investing activities 
     (144,181,250)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Public Units, net of underwriting discounts paid 
     140,875,000 
  
    Proceeds from sale of Private Placement Units 
     5,656,250 
  
    Repayment of IPO Promissory Note – related party 
     (162,616)
  
    Payment of offering costs 
     (273,309)
  
    Net cash provided by financing activities 
     146,095,325 

    Net Change in Cash 
     1,518,829 
  
    Cash – Beginning of period 
     — 
  
    Cash – End of period 
    $1,518,829 

    Non Cash investing and financing activities: 

    Offering costs included in accrued offering costs 
    $62,500 
  
    Deferred offering costs paid through IPO Promissory Note – related party 
    $112,542 
  
    Deferred underwriting fee payable 
    $5,031,250 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

4

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

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