Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 25

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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Registration Rights Agreement

The holders of Founder Shares, Private Placement
Units (and their underlying securities) and Units that may be issued upon conversion of Working Capital Loans (and their underlying
securities), if any, and any Class A ordinary shares issuable upon conversion of the Founder Shares and any Class A ordinary
shares held by the initial shareholders at the completion of the Initial Public Offering or acquired prior to or in connection with the
initial Business Combination, are entitled to registration rights pursuant to a registration rights agreement signed on March 20, 2024.
These holders will be entitled to make up to three demands and have piggyback registration rights. The Company will bear the expenses
incurred in connection with the filing of any such registration statements.

14

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

Underwriting Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 1,875,000 Units to cover over-allotments, if any. On March 24,
2025, the underwriters elected to fully exercise their over-allotment option to purchase an additional 1,875,000 Units at a price of $10.00
per Unit.

The underwriters were entitled to a cash underwriting
discount of 2.00% of the gross proceeds of the Initial Public Offering, or $2,875,000 in the aggregate, which was paid upon the closing
of the Initial Public Offering. Additionally, the underwriters are entitled to a deferred underwriting discount of 3.5% of the gross proceeds
of the Initial Public Offering, or $5,031,250 in the aggregate, payable upon the closing of an initial Business Combination. Of the deferred
underwriting commissions, (i) 2.0% shall be released to BTIG upon completion of an initial Business Combination, in cash; (ii) up
to 1.0% shall be released to BTIG upon completion of an initial Business Combination, in cash, based on the percentage of public shares
outstanding immediately prior to the consummation of an initial Business Combination net of public shares submitted for redemption and
net of any public shares held by public shareholders that have entered into forward purchase agreements or other arrangements whereby
the Company have a contractual obligation to repurchase such shares after