Gesher Acquisition Corp II Unit(GSHRU) - 2025 Q1 - Quarterly Report

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].