Company: GSHRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075907
Chunk: 75

Company: Gesher Acquisition Corp. II
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 75
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 cashless basis, they would pay the warrant exercise price by surrendering the Warrants for that number of Class A Ordinary Shares
equal to the quotient obtained by dividing (x) the product of the number of Class A Ordinary Shares underlying the Warrants, multiplied
by the excess of the “fair market value” of the Class A Ordinary Shares over the exercise price of the Warrants by (y) the
fair market value. The “fair market value” is the average reported closing price of the Class A Ordinary Shares for the 10 trading
days ending on the third trading day prior to the date on which the notice of exercise is received by the warrant agent or on which
the notice of redemption is sent to the holders of Warrants, as applicable.

15

GESHER ACQUISITION CORP. II

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

JUNE 30, 2025

Redemption of Warrants When the Price per
Class A Ordinary Share Equals or Exceeds $18.00

The Company may redeem the outstanding Warrants:

●in
whole and not in part;

●at
a price of $0.01 per Warrant;

●upon
a minimum of 30 days’ prior written notice of redemption; and

●if,
and only if, the last reported sale price  of the Class A Ordinary Shares equals or exceeds $18.00 per share (as adjusted for
adjustments to the number of Class A Ordinary Shares issuable upon exercise or the exercise price of a warrant) for any 20 trading
days within a 30-trading day period commencing at least 30 days after completion of the initial Business Combination and ending
on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.

Additionally, if the number of outstanding Class
A Ordinary Shares is increased by a share capitalization payable in Class A Ordinary Shares, or by a sub-division of Ordinary Shares or
other similar event, then, on the effective date of such share capitalization, subdivision or similar event, the number of Class A Ordinary
Shares issuable on exercise of each warrant will be increased in proportion to such increase in the outstanding Ordinary Shares. A rights
offering made to all or substantially all holders of Ordinary Shares entitling holders to purchase Class A Ordinary Shares at a price
less than the fair market value