Gesher Acquisition Corp. II Reports Financial Results for Quarter Ending March 31, 2025

Gesher Acquisition Corp. II has reported its financial results for the quarter ending March 31, 2025, following its recent Initial Public Offering (IPO). The company generated gross proceeds of $143.75 million from the sale of 14,375,000 units at $10.00 each, which included the full exercise of an over-allotment option. Additionally, it raised $5.66 million from the sale of 565,625 private placement units. As of the end of the reporting period, Gesher had total assets of approximately $146.15 million, primarily consisting of cash and marketable securities held in a Trust Account, amounting to $144.29 million.

In terms of operational performance, Gesher reported a net income of $29,499 for the quarter, which was derived from interest income of $113,673 on cash and marketable securities, offset by operating costs of $84,174. This marks a significant change from the previous fiscal period, as the company had not generated any revenue prior to the IPO. The increase in net income reflects the company's transition from formation to operational activities following its public listing.

The company has not yet engaged in any substantive discussions regarding potential business combinations, as it is still in the process of identifying suitable targets. As of March 31, 2025, Gesher had 14,940,625 Class A ordinary shares and 5,513,483 Class B ordinary shares outstanding. The Class A shares are subject to possible redemption, which is a feature that allows shareholders to redeem their shares under certain conditions, reflecting a strategic approach to managing shareholder interests during the business combination process.

Looking ahead, Gesher Acquisition Corp. II is focused on utilizing the funds raised to identify and evaluate potential business combination targets. The company has indicated that it may need to secure additional financing to cover transaction costs or to address any significant redemptions of public shares that may occur upon the completion of a business combination. The management remains optimistic about the prospects of successfully completing a business combination within the designated timeframe, although it acknowledges the inherent risks and uncertainties associated with the current economic environment and market conditions.