Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 87

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 we had a net income of $1,202,246, which consists of interest income on marketable securities
held in the Trust Account of $1,507,974, offset by operating costs of $305,728.

For
the nine months ended September 30, 2025, we had a net income of $2,548,010, which consists of interest income on marketable securities
held in the Trust Account of $3,119,056, offset by operating costs of $571,046. For the period from August 29, 2024 (inception) through
September 30, 2024, we had no net income or loss.

21

Liquidity
and Capital Resources

Following
the Initial Public Offering, including the full exercise of the Over-Allotment Option, and the Private Placement, a total of $144,181,250
was placed in the Trust Account. We incurred $8,409,601 in Initial Public Offering related costs, including $2,875,000 of cash underwriting
fee, the Deferred Underwriting Fee of $5,031,250, and $503,351 of other offering costs.

For
the nine months ended September 30, 2025, cash used in operating activities was $601,246. Net income of $2,548,010 was affected by interest
earned on marketable securities held in the Trust Account of $3,119,056 and payment of operation costs through the IPO Promissory Note
of $37,574. Changes in operating assets and liabilities used $67,774 of cash for operating activities.  For the period from
August 29, 2024 (inception) through September 30, 2024, we had no activity.

As of September 30, 2025, we had marketable securities
held in the Trust Account of $147,300,306 (including $3,119,056 of interest income earned to date). We may withdraw interest from the
Trust Account to pay taxes, if any. We intend to use substantially all of the funds held in the Trust Account, including any amounts representing
interest earned on the Trust Account (which interest shall be net of taxes payable, if any, and exclude the Deferred Underwriting Fee),
to complete our Business Combination. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete
our Business Combination, the remaining proceeds held in the