Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 67

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion
from initial book value to redemption value. The change in the carrying value of redeemable Public Shares will result in charges against
additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, as of September 30, 2025, Class A Ordinary
Shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity
(deficit) section of the accompanying condensed balance sheets. As of September 30, 2025, the Class A Ordinary Shares subject to possible
redemption reflected in the accompanying condensed balance sheets are reconciled in the following table:

    Gross proceeds 
    $143,750,000 
  
    Less: 

    Proceeds allocated to Public Warrants 
     (1,890,313)
  
    Class A Ordinary Shares issuance costs 
     (8,280,209)
  
    Plus: 

    Accretion of carrying value to redemption value 
     10,715,445 
  
    Class A Ordinary Shares subject to possible redemption, March 31, 2025 
     144,294,923 
  
    Plus: 

    Accretion of carrying value to redemption value 
     1,497,409 
  
    Class A Ordinary Shares subject to possible redemption, June 30, 2025 
     145,792,332 
  
    Plus: 

    Accretion of carrying value to redemption value 
     1,507,974 
  
    Class A Ordinary Shares subject to possible redemption, September 30, 2025 
    $147,300,306 

10

GESHER
                                            ACQUISITION CORP. II

NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER
30, 2025

Net
Income per Ordinary Share

The
Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has
two classes of Ordinary Shares, the (i) Class A Ordinary Shares and (ii) Company’s Class B ordinary shares, par value $0.0001 per
share (the “Class B Ordinary Shares”, and together with the Class A Ordinary Shares, the “Ordinary Shares”).
Income and losses are shared pro rata between the two classes of Ordinary Shares. This presentation