Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 59

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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 the Company’s
amended and restated memorandum and articles of association (the “Amended and Restated Articles”) to modify (1) the substance
or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100%
of the Company’s Public Shares if the Company has not consummated an initial Business Combination within the Combination Period
or (2) any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity. The proceeds
deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority
over the claims of the holders of the Public Shares (the “Public Shareholders”).

The
Company will provide the Public Shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion
of the initial Business Combination either (i) in connection with a general meeting called to approve the initial Business Combination
or (ii) without a shareholder vote by means of a tender offer. The decision as to whether the Company will seek shareholder approval
of a proposed initial Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public
Shareholders are entitled to redeem their Public Shares at a per-share price, payable in cash, equal to the aggregate amount then on
deposit in the Trust Account calculated as of two business days prior to the consummation of the initial Business Combination, including
interest earned on the funds held in the Trust Account (less taxes payable, if any), divided by the number of then outstanding Public
Shares, subject to the limitations. The amount in the Trust Account was valued at $10.25 per Public Share as of September 30, 2025.

The
Ordinary Shares (as defined in Note 2) subject to possible redemption were recorded at a redemption value and were classified as temporary
equity upon the completion of the Initial Public Offering, in accordance with Financial Accounting Standards Board (“FASB”)
Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity” (“ASC 480”).

The
Company has only the duration of the Combination Period to complete the initial Business Combination. If the Company is unable to complete
its initial Business Combination within the Combination Period, the Company will as promptly as reasonably possible, but not more than
ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash