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

Company: Gesher Acquisition Corp. II
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 of the Initial Public Offering, or $5,031,250 in the aggregate, payable upon the closing
of an initial Business Combination (the “Deferred Underwriting Fee”). Of the Deferred Underwriting Fee, (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 any forward purchase agreements or other arrangements whereby the Company have a contractual obligation
to repurchase such shares after the closing of the initial Business Combination; and (iii) up to 0.5% per unit will be released
to BTIG upon completion of an initial Business Combination, in cash, provided that the Company has the right, in its sole discretion,
to reallocate all or some of such amount for the payment of expenses in connection such initial Business Combination.

Note
7 — Shareholders’ Equity (Deficit)

Preference
Shares

The
Company is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each. As of September 30, 2025 and December
31, 2024, there were no preference shares issued or outstanding.

Class
A Ordinary Shares

The
Company is authorized to issue a total of 200,000,000 Class A Ordinary Shares at par value of $0.0001 each. As of September 30, 2025,
there were 565,625 Class A Ordinary Shares issued and outstanding, excluding the 14,375,000 Class A Ordinary Shares subject to possible
redemption, and no shares issued and outstanding at December 31, 2024.

14

GESHER
                                            ACQUISITION CORP. II

NOTES
TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

SEPTEMBER
30, 2025

Class
B Ordinary Shares

The
Company is authorized to issue a total of 20,000,000 Class B Ordinary Shares at par value of $0.0001 each. As of September 30, 2025 and
December 31, 2024, there were 5,513,483 Class