Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 24

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 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.

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 June 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 sub-divisions, 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 B Ordinary Shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the
number of Class A Ordinary Shares issuable upon conversion of all Class B Ordinary Shares will equal, in the aggregate, 27.72% of the
sum of (i) the total number of Ordinary Shares outstanding upon the completion of the Initial Public Offering (including any Class A Ordinary
Shares issued pursuant to the Over-Allotment Option and excluding the Private Placement Shares), plus (ii) all Class A Ordinary Shares
and equity-linked securities issued or deemed issued, in connection with the closing of the initial Business Combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent
units issued to our Sponsor or any of its affiliates or to officers or directors upon conversion of Working Capital Loans) minus (iii)
any redemptions of Public Shares by Public Shareholders in connection with an initial Business Combination or certain amendments to our
Amended and Restated Articles prior to an initial Business Combination; provided that such conversion of Founder Shares will never occur
on a less than one-for-one basis.

Holders of record of the Ordinary Shares are entitled
to one vote for each share held on