Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 70

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 if currently adopted, would have a material
effect on the accompanying unaudited condensed financial statements. 

Note 3
— Initial Public Offering

In
the Initial Public Offering, on March 24, 2025, the Company sold 14,375,000 Public Units, which included the full exercise of the Over-Allotment
Option amounting to 1,875,000 Public Units, at a purchase price of $10.00 per Public Unit. Each Public Unit consists of one Public Share,
and one-half of one Public Warrant.

Note 4
— Private Placement

Simultaneously
with the closing of the Initial Public Offering, the Sponsor and BTIG purchased an aggregate of 565,625 Private Placement Units at a
price of $10.00 per Private Placement Unit, in the Private Placement. Each Private Placement Unit consists of one Private Placement Share
and one-half of one Private Placement Warrant. Each Private Placement Warrant entitles the holder to purchase one Class A Ordinary Share
at a price of $11.50 per shares, subject to adjustments. Each Private Placement Warrant will become exercisable 30 days after the
completion of the initial Business Combination and will not expire except upon liquidation. If the initial Business Combination is not
completed within the Combination Period, the net proceeds from the Private Placement held in the Trust Account will be used to fund the
redemption of the Public Shares (subject to the requirements of applicable law).

The
Private Placement Warrants contained in the Private Placement Units are identical to the Warrants sold in the Initial Public Offering
except, the Private Placement Warrants (i) may not (including the Class A Ordinary Shares issuable upon exercise of these Warrants),
subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the
initial Business Combination, (ii) are entitled to registration rights and (iii) with respect to Private Placement Warrants
held by BTIG, and/or its designees, are not exercisable more than five years from the commencement of sales in the Initial Public
Offering in accordance with Financial Industry Regulatory Authority Rule 5110(g)(8).

Note 5
— Related Party Transactions

Founder
Shares

On
November 12, 2024, the Sponsor made a capital contribution of $25,000, or approximately $0.005 per share, through payments of offering
costs