Gesher Acquisition Corp. II (NASDAQ: GSHR) is a blank check special purpose acquisition company incorporated as a Cayman Islands exempted company that exists solely to identify and complete a merger or acquisition with a private operating business. The company generates no operating revenue. It raised $143,750,000 in gross proceeds through an initial public offering of 14,375,000 Public Units at $10.00 per unit, completed on March 24, 2025, with an additional $5,656,250 raised through a simultaneous private placement of 565,625 Private Placement Units to its Sponsor and BTIG. A total of $144,181,250 of those proceeds was placed into a Trust Account. The company has until December 24, 2026, a 21-month Combination Period from the IPO closing, to consummate an initial Business Combination. Each Public Unit consists of one Class A Ordinary Share and one-half of one Public Warrant, with each whole warrant exercisable at $11.50 per share. The company was incorporated on August 29, 2024, and its IPO Registration Statement became effective on March 14, 2025.

Revenue model

No operating revenue. Capital is held in a Trust Account following the March 2025 IPO. The business model depends entirely on completing a Business Combination within the Combination Period ending December 24, 2026. A deferred underwriting fee of $5,031,250 is payable to underwriters only upon completion of a Business Combination.

Products and services

Public Units (each consisting of one Class A Ordinary Share and one-half of one Public Warrant), Private Placement Units, and Public Warrants exercisable at $11.50 per Class A Ordinary Share. No commercial products or services.

Customers and end markets

Public shareholders who participated in the March 2025 IPO. The ultimate end market depends on the target business selected for the Business Combination, which had not been identified as of the 10-K filing date of March 27, 2026.

Value-chain role

Blank check acquisition vehicle. Pools public capital into a Trust Account and deploys it to acquire a private operating company through a Business Combination. Acts as a capital formation and transaction intermediary between public market investors and a private target.

Geographic exposure

Incorporated in the Cayman Islands. The filing notes risks related to acquiring or operating a business in foreign countries, but no specific target geography had been identified as of the filing date of March 27, 2026.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks