Gesher Acquisition Corp. II Announces the Pricing of $125,000,000 Initial Public Offering

Rhea-AI Summary

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.

Insights

Financial Analyst

Gesher Acquisition Corp. II has successfully priced its $125 million SPAC IPO, offering 12.5 million units at $10.00 per unit with trading expected to commence on Nasdaq under the ticker symbol "GSHRU". The standard SPAC structure includes one Class A ordinary share and half a warrant (exercisable at $11.50) per unit.

This represents a moderately-sized SPAC with a clear geographic focus on Israeli acquisition targets. While the capital raise provides sufficient dry powder to pursue mid-market opportunities in Israel's vibrant innovation ecosystem, investors should note that no specific acquisition target has been identified yet.

The management team's composition with Ezra Gardner as CEO/Chairman and Sagi Dagan as CFO demonstrates relevant leadership, though their specific expertise and track record in completing successful business combinations isn't detailed in the announcement. The underwriter's 45-day option to purchase an additional 1.875 million units provides standard over-allotment coverage.

Investors considering this SPAC should recognize the inherent speculative nature of blank check companies prior to target identification. The typical SPAC timeline gives management approximately 18-24 months to complete a business combination before facing potential liquidation and capital return to shareholders. The SPAC's success will ultimately depend on management's ability to identify and execute a value-creating merger with an Israeli company.

New York, NY, March 20, 2025 (GLOBE NEWSWIRE) -- Gesher Acquisition Corp. II (the “Company”) today announced the pricing of its initial public offering of 12,500,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, March 21, 2025, under the ticker symbol “GSHRU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities constituting 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 offering is expected to close on March 24, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments, if any.

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 will focus 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. is acting as sole book-running manager for the offering.

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

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective 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.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering, the anticipated use of the net proceeds and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds 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 Company’s initial public offering filed with the SEC. Copies of these documents 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

What is the size and price of Gesher Acquisition Corp. II's IPO under ticker GSHRU?

The IPO consists of 12,500,000 units priced at $10.00 per unit, totaling $125 million.

When will GSHRU begin trading on Nasdaq?

Trading is expected to begin on March 21, 2025, on the Nasdaq Global Market.

What is the warrant structure for GSHRU units?

Each unit includes one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share.

What is the geographic focus of Gesher Acquisition Corp. II's business combination strategy?

The company focuses on target businesses located in Israel.

What is the over-allotment option for GSHRU's IPO?

Underwriters have a 45-day option to purchase up to 1,875,000 additional units at the IPO price.