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Gesher Acquisition Corp II Unit(GSHRU)
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Gesher Acquisition Corp II Unit(GSHRU) - 2025 Q1 - Quarterly Report
2025-05-14 21:25
Financial Performance - The company had a net income of $29,499 for the three months ended March 31, 2025, with operating costs of $84,174 and interest income of $113,673 from marketable securities [120]. - Cash used in operating activities for the three months ended March 31, 2025, was $231,741, with net income affected by interest earned and operational costs [125]. - The company does not expect to generate operating revenues until after the completion of its Business Combination [119]. Initial Public Offering - The company raised gross proceeds of $143,750,000 from the Initial Public Offering of 14,375,000 Units at $10.00 per Unit, including the full exercise of the over-allotment option [123]. - The company incurred $8,409,601 in Initial Public Offering related costs, including $2,875,000 in cash underwriting fees [124]. Cash and Securities - As of March 31, 2025, the company had cash and marketable securities of $144,294,923 held in the Trust Account, intended for completing a Business Combination [126]. - The company has sufficient funds for working capital needs for at least one year from the issuance of the condensed financial statements [129]. Financing and Business Combination - The company intends to use funds held outside the Trust Account primarily for identifying and evaluating target businesses [127]. - The company may need to obtain additional financing to complete its Business Combination or due to potential redemptions of public shares [130]. - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025 [132].
Gesher Acquisition Corp. II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing May 12, 2025
GlobeNewswire· 2025-05-08 14:00
Core Points - Gesher Acquisition Corp. II announced that starting May 12, 2025, holders of units from its initial public offering can separately trade Class A ordinary shares and warrants [1] - The Class A ordinary shares will trade under the symbol "GSHR" and the warrants under "GSHRW" on the Nasdaq Global Market, while units that are not separated will continue to trade under "GSHRU" [1] - Gesher Acquisition Corp. II is a special purpose acquisition company incorporated in the Cayman Islands, focusing on business combinations with companies, particularly those located in Israel and conducting international business [2] Company Overview - Gesher Acquisition Corp. II is designed to effect mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations [2] - The company intends to pursue business opportunities across various industries, with a current focus on target businesses in Israel that operate internationally in Asia, Europe, or North America [2]