Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 105

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 105
---
 affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of such unaudited condensed financial statements, and income and expenses during the periods reported. Actual
results could materially differ from those estimates. We have identified the following critical accounting policies:

Class A Ordinary Shares Subject to Possible
Redemption

The Public Shares contain a redemption feature
that allows for the redemption of such Public Shares in connection with our liquidation, or if there is a shareholder vote or tender offer
in connection with the initial Business Combination. In accordance with FASB ASC 480-10-S99, “Distinguishing Liabilities from Equity”,
we classify Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within our control.
We recognize changes in Class A Ordinary Shares redemption value immediately as they occur and will adjust the carrying value of redeemable
Class A Ordinary Shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial
Public Offering, we recognized the accretion from initial book value to redemption value. The change in the carrying value of redeemable
Class A Ordinary Shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.

Recent Accounting Pronouncements

In November 2024, the FASB issued ASU 2024-03,
requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements
on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods
beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of adopting ASU 2024-03. 

In November 2023, the FASB issued 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 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 ASC 280 in interim