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Gesher Acquisition Corp. II has successfully completed its initial public offering (IPO) raising $143.75 million through the sale of 14,375,000 units at $10.00 per unit, including 1,875,000 units from the full exercise of underwriters' over-allotment option.
Each unit comprises one Class A ordinary share and one-half redeemable warrant. The units began trading on Nasdaq Global Market under symbol 'GSHRU' on March 21, 2025. The Class A shares and warrants will later trade separately under 'GSHR' and 'GSHRW' respectively.
The company is a blank check company (SPAC) focused on pursuing business combinations with target companies located in Israel. The management team is led by CEO Ezra Gardner and CFO Sagi Dagan, with BTIG, serving as the sole book-running manager for the offering.
Gesher Acquisition Corp. II has announced the pricing of its $125 million initial public offering, consisting of 12,500,000 units at $10.00 per unit. The units will trade on Nasdaq under 'GSHRU' starting March 21, 2025.
Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants allowing purchase of one Class A share at $11.50. The Class A shares and warrants will later trade separately under 'GSHR' and 'GSHRW' respectively.
The company is a blank check company focusing on acquiring businesses in Israel. Underwriters have a 45-day option to purchase up to 1,875,000 additional units. BTIG, serves as the sole book-running manager, with the offering expected to close on March 24, 2025.
