Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 70

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 to or in connection with
the initial Business Combination, are entitled to registration rights pursuant to a registration rights agreement, dated March 20, 2024.
These holders are entitled to make up to three demands and have piggyback registration rights. The Company will bear the expenses incurred
in connection with the filing of any such registration statements.

Underwriting Agreement

The underwriters of the Initial Public Offering
had a 45-day option from the date of the Initial Public Offering to purchase up to an additional 1,875,000 Units to cover over-allotments,
if any (the “Over-Allotment Option”). On March 24, 2025, the underwriters elected to fully exercise their Over-Allotment Option
to purchase an additional 1,875,000 Option Units at a price of $10.00 per Option Unit.

13

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The underwriters were entitled to a cash underwriting
discount of 2.00% of the gross proceeds of the Initial Public Offering, or $2,875,000 in the aggregate, which was paid upon the closing
of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting fee of 3.5% of the gross proceeds
of the Initial Public Offering, or $5,031,250 in the aggregate, payable upon the closing of an initial Business Combination (the “Deferred
Fee”). Of the Deferred Fee, (i) 2.0% shall be released to BTIG upon completion of an initial Business Combination, in cash;
(ii) up to 1.0% shall be released to BTIG upon completion of an initial Business Combination, in cash, based on the percentage of
Public Shares outstanding immediately prior to the consummation of an initial Business Combination net of Public Shares submitted for
redemption and net of any Public Shares held by Public Shareholders that have entered into any forward purchase agreements or other arrangements
whereby the Company have a contractual obligation to repurchase such shares after the closing of the initial Business Combination; and
(iii) up to 0.5% per unit will be released to BTIG upon completion of an initial Business Combination, in cash, provided that the
Company has the right, in its sole discretion, to reallocate all or some of such amount for