Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 176

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 2
Chunk 176
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Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered
Sales of Equity Securities

There
were no sales of unregistered securities during the quarterly period covered by this Report. However, simultaneously with the closing
of the Initial Public Offering and pursuant to the Private Placement Units Purchase Agreements, we completed the sale of an aggregate
of 565,625 Private Placement Units to the Sponsor and BTIG in the Private Placement at a purchase price of $10.00 per Private Placement
Unit, generating gross proceeds to us of $5,656,250. Of those 565,625 Private Placement Units, the Sponsor purchased 403,125 Private
Placement Units and BTIG purchased 162,500 Private Placement Units. The Private Placement Units (and underlying securities) are
identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts or commissions
were paid with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration
contained in Section 4(a)(2) of the Securities Act.

26

Use
of Proceeds

There
were no offerings of registered securities and therefore no planned use of proceeds from such offerings during the quarterly period covered
by this Report. For a description of the use of proceeds generated in our Initial Public Offering and Private Placement, see Part II,
Item 2 of the 2025 Q1 Form 10-Q. There has been no material change in the planned use of proceeds from our
Initial Public Offering and Private Placement as described in the IPO Registration Statement. The specific investments in our Trust Account
may change from time to time.

To
mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases
the longer that we hold investments in the Trust Account, we may, at any time (based on our Management Team’s ongoing assessment
of all factors related to our potential status under the Investment Company Act) instruct the trustee to liquidate the investments held
in the Trust Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a
bank.

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

There
were no repurchases of our equity securities by us or an affiliate during the quarterly period covered by this Report.

Item
3. Defaults Upon Senior Securities.

None.

Item
4. Mine Safety Disclosures.