Company: GSHRW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109193
Chunk: 61

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 61
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 privately negotiated transactions) in favor of the
initial Business Combination.

The
Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products
sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality
or other similar agreement or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of
(i) $10.03 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation
of the Trust Account, if less than $10.03 per share due to reductions in the value of the Trust Account assets, less taxes payable, if
any, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver
of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims
under the Company’s indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933,
as amended (the “Securities Act”). However, the Company has not asked the Sponsor to reserve for such indemnification obligations,
nor has the Company independently verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and the Company
believes that the Sponsor’s only assets are securities of the Company. Therefore, the Company cannot provide any assurance that
the Sponsor would be able to satisfy those obligations.

Liquidity
and Capital Resources

As
of September 30, 2025, the Company had $1,312,829 of cash and a working capital surplus of $1,250,370.

In
order to fund working capital deficiencies and finance transaction costs in connection with a Business Combination, the Sponsor or
an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company
funds as may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company
will repay the Working Capital Loans. In the event that a Business Combination does not close, the Company may use a portion of the
working capital held outside the Trust Account to repay the Working Capital Loans, but no proceeds from the Trust Account would be
used to repay the Working Capital Loans. Up to $1,500,000 of such Working Capital