Company: GSHRW
Filing Date: 2025-03-12
Form Type: S-1/A
Source: 0001213900-25-022882
Chunk: 160

Company: Gesher Acquisition Corp. II
Filing Date: 2025-03-12
Form: S-1/A
Chunk 160
---
 our net tangible book value (“Adjusted NTBV”), as adjusted to give effect to this offering and the issuance of the private placement units, assuming no exercise of the over -allotmentoption and exercise of the over -allotmentoption in full, constitutes dilution to investors in this offering. Adjusted NTBVPS is determined by dividing our net tangible book value, which is our total tangible assets less total liabilities (including the value of Class A ordinary shares that may be redeemed for cash), as adjusted to reflect various potential redemption levels that may occur in connection with the closing of our initial business combination, by the number of outstanding Class A ordinary shares. The below calculations (A) assume that (i) no ordinary shares are issued to shareholders of a potential business combination target as consideration or issuable by a post -businesscombination company, for instance under an equity or employee share purchase plan, (ii) no ordinary shares and convertible equity or debt securities are issued in connection with additional financing that we may seek in connection with an initial business combination, and (iii) no working capital loans are converted into private placement units, as further described in this prospectus, and (B) assumes the issuance of 12,500,000 Class A ordinary shares (or 14,375,000 Class A ordinary shares if the underwriters’ over -allotmentoption is exercised in full), 522,500 private placement shares and 5,513,483 founder shares (up to 622,231 of which are assumed to be forfeited in the scenario in which the underwriters’ over -allotmentoption is not exercised in full). Notwithstanding this assumption, we may need to issue such securities, particularly if we target an initial business combination with a target company whose enterprise value is greater than the net proceeds of the offering and the sale of private placement units. See “ Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources.” The issuance of additional ordinary or preference shares may significantly dilute the equity interest of investors in this offering, which dilution would even further increase if the anti -dilutionprovisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one -to -onebasis upon conversion of the Class B ordinary shares. Adjusted NTBVPS excludes the effect of the consummation of our initial business combination or any related transactions or expenses. The issuance of additional ordinary or preference shares may significantly dilute the equity interest of investors in