Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 72

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 72
---
 of the initial Business Combination (excluding any
shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent
units issued to our Sponsor or any of its affiliates or to officers or directors upon conversion of Working Capital Loans) minus (iii)
any redemptions of Public Shares by Public Shareholders in connection with an initial Business Combination or certain amendments to our
Amended and Restated Articles prior to an initial Business Combination; provided that such conversion of Founder Shares will never occur
on a less than one-for-one basis.

Holders of record of the Ordinary Shares are entitled
to one vote for each share held on all matters to be voted on by shareholders. Unless specified in the Amended and Restated Articles or
as required by the Companies Act (As Revised) of the Cayman Islands or stock exchange rules, an ordinary resolution under Cayman Islands
law and the Amended and Restated Articles, which requires the affirmative vote of at least a majority of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the Company is
generally required to approve any matter voted on by the Company’s shareholders. Approval of certain actions requires a special
resolution under Cayman Islands law, which (except as specified below) requires the affirmative vote of at least two-thirds of the votes
cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general
meeting (a “Special Resolution”), and pursuant to the Amended and Restated Articles, such actions include amending the Amended
and Restated Articles and approving a statutory merger or consolidation with another company. There is no cumulative voting with respect
to the appointment of directors, meaning, following the initial Business Combination, the holders of more than 50% of the Ordinary Shares
voted for the appointment of directors can elect all of the directors. Prior to the consummation of the initial Business Combination,
only holders of the Class B Ordinary Shares (i) have the right to vote on the appointment and removal of directors and (ii) are entitled
to vote on continuing the Company in a jurisdiction outside the Cayman Islands (including any Special Resolution required to amend the
constitutional documents or to adopt new constitutional documents, in each case, as a result of the Company approving a transfer by way
of continuation in a jurisdiction outside