Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 56

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 Account (less income taxes payable, if any, and up to $100,000 of interest to pay dissolution expenses),
divided by the number of then outstanding Public Shares, which redemption will constitute full and complete payment for the Public Shares
and completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation or other
distributions, if any), subject to the Company’s obligations under Cayman Islands law to provide for claims of creditors and subject
to the other requirements of applicable law.

The Sponsor and the Company’s officers and
directors have entered into a letter agreement with the Company, dated March 20, 2025 (the “Letter Agreement”) pursuant to
which they have agreed to (i) waive their redemption rights with respect to their Founder Shares (as defined in Note 5), Private Placement
Shares and Public Shares in connection with (x) the completion of the initial Business Combination or an earlier redemption in connection
with the commencement of the procedures to consummate the initial Business Combination if the Company determines it is desirable to facilitate
the completion of the initial Business Combination and (y) a shareholder vote to approve an amendment to 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 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; (ii) waive their
rights to liquidating distributions from the Trust Account with respect to their Founder Shares and Private Placement Shares if the Company
fails to complete the initial Business Combination within the Combination Period, although they will be entitled to liquidating distributions
from the Trust Account with respect to any Public Shares they hold if the Company fails to complete the initial Business Combination within
the Combination Period and to liquidating distributions from assets outside the Trust Account; and (iii) vote any Founder Shares and Private
Placement Shares held by them and any Public Shares purchased during or after the Initial Public Offering (including in open market and
privately-negotiated transactions) in favor of the initial Business Combination. 

6

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

The Sponsor has agreed that it will be liable
to the Company if