Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 23

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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 the Company’s initial Business Combination or to redeem 100% of the public shares
if the Company has not consummated an initial Business Combination within the Completion Window or (B) with respect to any other
material provisions relating to shareholders’ rights or pre-initial Business Combination activity, (C) waive their rights to
liquidating distributions from the Trust Account with respect to their founder shares or private placement shares if the Company fails
to complete the initial Business Combination within the Completion Window, 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
such time period and to liquidating distributions from assets outside the Trust Account and (D) 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, aside from shares they may purchase in compliance with the requirements of Rule 14e-5 under the
Exchange Act, which would not be voted in favor of approving the Business Combination transaction) in favor of the initial Business
Combination; (iv) the founder shares are automatically convertible into Class A ordinary shares in connection with the consummation
of the initial Business Combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment as described
herein and in the Company amended and restated memorandum and articles of association, and (v) prior to the closing of the initial
Business Combination, only holders of the Class B ordinary shares will be entitled to vote on the appointment and removal of directors
or continuing the company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend the Company’s
constitutional documents or to adopt new constitutional documents, in each case, as a result of the Company approving a transfer by way
of continuation in a jurisdiction outside the Cayman Islands).

13

GESHER ACQUISITION CORP. II

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(Unaudited)

Promissory Note — Related Party

The Sponsor has agreed to loan the Company an
aggregate of up to $300,000 to be used for a portion of the expenses of the Initial Public Offering. The loan is non-interest bearing,
unsecured and due at the earlier of May 31, 2025 or the closing