Gesher Acquisition Corp. II Announces Completion of $143,750,000 IPO

Rhea-AI Summary

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.

Positive

• Successfully raised $143.75 million in IPO proceeds
• Full exercise of over-allotment option by underwriters indicates strong demand
• Listed on major exchange (Nasdaq Global Market)

Negative

• No specific acquisition target identified yet
• SPAC structure carries inherent risks of not finding suitable merger target within required timeframe

Insights

Financial Analyst

Gesher Acquisition Corp. II has successfully completed a $143.75 million IPO, with units priced at $10.00 each—the standard offering price for SPACs. The full exercise of the 1,875,000-unit overallotment option signals strong initial investor demand, a positive indicator in the current SPAC market where many offerings struggle to maintain their initial pricing.

The SPAC's Israel-focused acquisition strategy provides investors with targeted exposure to Israel's robust technology and innovation ecosystem, which has produced numerous successful startups and scale-ups in recent years. Each unit's structure (one Class A ordinary share plus half a warrant) follows standard SPAC configurations, with the eventual separation of these components giving investors flexibility in how they want to participate going forward.

The management team brings relevant expertise, with CEO Ezra Gardner and CFO Sagi Dagan likely leveraging their networks within the Israeli business community to identify acquisition targets. As with all SPACs, the key value driver will be their ability to identify and close a deal with an attractive target within the typical 18-24 month timeframe.

This successful capital raise gives Gesher Acquisition Corp. II sufficient financial resources to target meaningful businesses in Israel, creating a public market vehicle for Israeli companies to access capital markets without going through traditional IPO processes. For investors, this represents a new opportunity to gain exposure to the Israeli market through a structured investment vehicle.

NEW YORK, NY, March 24, 2025 (GLOBE NEWSWIRE) -- Gesher Acquisition Corp. II (the “Company”), today announced the closing of its initial public offering of 14,375,000 units, at a price of $10.00 per unit, which includes 1,875,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, resulting in gross proceeds of $143,750,000. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share and one-half of one redeemable warrant. The units are listed on the Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “GSHRU” on March 21, 2025. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “GSHR” and “GSHRW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry but is focused on target businesses located in Israel.

The Company’s management team is led by Ezra Gardner, its Chief Executive Officer and Chairman of the Board of Directors, and Sagi Dagan, its Chief Financial Officer and Director. In addition, the Board of Directors includes Omri Cherni, Yevgeny Neginsky, David Bleustein and Kobi Marenko.

BTIG, LLC acted as sole book-running manager for the offering.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained from BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website at www.sec.gov.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on March 14, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Gesher Acquisition Corp. II
Ezra Gardner
ezra@gesherspac.com

FAQ

How much did Gesher Acquisition Corp. II (GSHRU) raise in its IPO?

Gesher Acquisition Corp. II raised $143.75 million through the sale of 14,375,000 units at $10.00 per unit.

What is included in each GSHRU unit from the IPO?

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.

When did GSHRU begin trading on Nasdaq?

GSHRU began trading on the Nasdaq Global Market on March 21, 2025.

What is the investment focus of Gesher Acquisition Corp. II (GSHRU)?

The company focuses on acquiring businesses located in Israel through a merger, share exchange, asset acquisition, or similar business combination.

What will be the separate trading symbols for Gesher's shares and warrants?

The Class A ordinary shares and warrants will trade under the symbols 'GSHR' and 'GSHRW' respectively once separate trading begins.