Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 19

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 Private Placement Share and one-half of one Private Placement
Warrant. Each Private Placement Warrant entitles the holder to purchase one Class A Ordinary Share at a price of $11.50 per shares, subject
to adjustments. Each Private Placement Warrant will become exercisable 30 days after the completion of the initial Business Combination
and will not expire except upon liquidation. If the initial Business Combination is not completed within the Combination Period, the net
proceeds from the sale of the Private Placement Units held in the Trust Account will be used to fund the redemption of the Public
Shares (subject to the requirements of applicable law).

11

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The Private Placement Warrants contained in the
Private Placement Units are identical to the Warrants sold in the Initial Public Offering except, the Private Placement Warrants
(i) may not (including the Class A Ordinary Shares issuable upon exercise of these Warrants), subject to certain limited exceptions,
be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (ii) are
entitled to registration rights and (iii) with respect to Private Placement Warrants held by BTIG, and/or its designees, are not
exercisable more than five years from the commencement of sales in the Initial Public Offering in accordance with Financial Industry
Regulatory Authority Rule 5110(g)(8).

Note 5 — Related Party Transactions

Founder Shares

On November 12, 2024, the Sponsor made a
capital contribution of $25,000, or approximately $0.005 per share, through payments of offering costs and expenses on the Company’s
behalf, for which the Company issued 5,513,483 Class B Ordinary Shares (the “Founder Shares”) to the Sponsor. Up to 622,231
of the Founder Shares were subject to surrender by the Sponsor for no consideration depending on the extent to which the underwriters’
Over-Allotment Option was exercised. On March 24, 2025, the underwriters exercised their Over-Allotment Option in full as part of the
closing of the Initial Public Offering. As such, the 622,231 Founder Shares are no longer subject to forfeiture. The Sponsor is holding
5,198,483 Founder Shares,