Company: GSHRW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043440
Chunk: 26

Company: Gesher Acquisition Corp. II
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 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 March 31, 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 March 31, 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.

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 March 31, 2025 and December 31, 2024, there were 5,513,483 Class B ordinary shares issued and
outstanding.

The founder shares will automatically convert
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 for share sub-divisions, share capitalizations, reorganizations, recapitalizations
and the like. In the case that additional Class A ordinary shares, or any other equity-linked securities, are issued or deemed issued
in excess of the amounts sold in the Inital Public Offering and related to or in connection with the closing of the initial Business Combination,
the ratio at which Class B ordinary shares convert into Class A ordinary shares will be adjusted (unless the holders of a majority
of the outstanding Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so
that the number of Class A ordinary shares issuable upon conversion of all Class B