Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 18

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 ASU 2024-03.

In November 2023, the FASB issued ASU Topic 2023-07,
“Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”). The amendments
in ASU 2023-07 require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the
chief operating decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure
of segment profit or loss. ASU 2023-07 requires that a public entity disclose the title and position of the CODM and an explanation of
how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources.
Public entities will be required to provide all annual disclosures currently required by FASB ASC Topic 280, “Segment Reporting,”
(“ASC 280”) in interim periods, and entities with a single reportable segment are required to provide all the disclosures
required by the amendments in ASU 2023-07 and existing segment disclosures in ASC 280. ASU 2023-07 is effective for fiscal years beginning
after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. The
Company adopted ASU 2023-07 on August 28, 2024 (inception).

Management does not believe that any other recently
issued, but not effective, accounting standards, if currently adopted, would have a material effect on the accompanying unaudited condensed
financial statements. 

Note 3 — Initial Public Offering

Pursuant to the Initial Public Offering, on March
24, 2025, the Company sold 14,375,000 Public Units, which includes a full exercise by the underwriters of their Over-Allotment Option
amounting to 1,875,000 Public Units, at a purchase price of $10.00 per Public Unit. Each Public Unit consists of one Public Share, and
one-half of one Public Warrant.

Note 4 — Private Placement

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and BTIG purchased an aggregate of 565,625 Private Placement Units at a price of $10.00 per Private Placement
Unit, in the Private Placement. Each Private Placement Unit consists of one