Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 74

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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31, 2025

(Unaudited)

Note 9 — Segment Information 

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s CODM, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as
the CFO, who reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial
performance. Accordingly, management has determined that the Company only has one reportable segment.

The CODM assesses performance for the single segment and decides how
to allocate resources based on net income that also is reported on the condensed statement of operation as net income (loss). The measure
of segment asset is reported on the condensed balance sheet as total assets. When evaluating the Company’s performance and making
key decisions regarding resource allocation, the CODM reviews several key metrics, which include the following:

    March 31,
 2025 
  
    Trust Account 
    $144,294,923 
  
    Cash 
    $1,682,334 

    Three Months
 Ended
 March 31,
 2025 
  
    Operating and formation costs 
    $84,174 
  
    Interest earned on cash and marketable securities held in Trust Account 
    $113,673 

The CODM reviews interest earned on the Trust
Account to measure and monitor shareholder value and determine the most effective strategy of investment with the Trust Account funds
while maintaining compliance with the Trust Agreement.

Operating and formation costs are reviewed and monitored by the CODM
to manage and forecast cash to ensure enough capital is available to complete a business combination or similar transaction within the
business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce all contractual agreements
to ensure costs are aligned with all agreements and budget. Operating and formation costs, as reported on the condensed statement of operations,
are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income are reported on the
condensed statement of operations and described within their respective disclosures.

The accounting policies used to measure the profit
and loss of the segment are the same as those described in the summary of significant accounting policies.

Note 10 — Subsequent Events