Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 33

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
---
 suspension of trading and delisting from Nasdaq. Our Sponsor may also, in its discretion, consider selling
its interest in our Company to another sponsor entity, which may result in a change to our Management Team.

19

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities since August 29, 2024 (inception) through June 30, 2025 have been (i) organizational
activities and (ii) activities relating to (x) the Initial Public Offering and (y) identifying and evaluating prospective acquisition
candidates and activities in connection with the initial Business Combination. We will not generate any operating revenues until after
completion of our initial Business Combination. We have generated non-operating income in the form of interest income on investments held
in the Trust Account after the Initial Public Offering. We expect to incur increased expenses as a result of being a public company (for
legal, financial reporting, accounting and auditing compliance, among other things), as well as for due diligence expenses.

For the three months ended June 30, 2025, we had
a net income of $1,316,265, which consists of interest income on marketable securities held in the Trust Account of $1,497,409, offset
by operating costs of $181,144.

For the six months ended June 30, 2025, we had
a net income of $1,345,764, which consists of interest income on cash and marketable securities held in the Trust Account of $1,611,082,
offset by operating costs of $265,318.

Liquidity and Capital Resources

The Sponsor agreed to loan us an aggregate of
up to $300,000 to be used for a portion of the expenses of the Initial Public Offering pursuant to the IPO Promissory Note. The loan was
non-interest bearing, unsecured and due at the earlier of May 31, 2025 or the closing of the Initial Public Offering. On March 24,
2025, we repaid the total outstanding balance of the IPO Promissory Note amounting to $162,616. Borrowings under the IPO Promissory Note
are no longer available.

On March 24, 2025, we consummated the Initial
Public Offering of 14,375,000 Public Units, which includes the full exercise by the underwriters of their Over-Allotment Option in the
amount of 1,875,