Gesher Acquisition Corp. II, a Cayman Islands SPAC, reported net income of $944,152 for the quarter and $1,835,753 for the six months ended June 30, 2026, driven by $2,622,953 of interest on $151,347,444 held in its Trust Account.
Operating activity remains limited to SPAC formation and deal search, with general and administrative expenses of $787,200 year-to-date and cash outside the Trust Account of $310,500. The Trust balance equals $10.53 per Public Share for 14,375,000 redeemable Class A shares.
Management discloses a working capital deficit and notes that failure to complete a Business Combination by December 24, 2026 would trigger mandatory liquidation. The proximity of this deadline and limited liquidity raise substantial doubt about the company’s ability to continue as a going concern.
AQR Capital Management, LLC, together with AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC, reports beneficial ownership of 750,283 Class A Ordinary Shares of Gesher Acquisition Corp. II, representing 5.02% of the outstanding Class A shares. The AQR entities report shared voting power and shared dispositive power over all 750,283 shares, with no sole voting or dispositive power. All three entities are organized in the United States and list their principal business address as One Greenwich Plaza, Suite 130, Greenwich, Connecticut. The filing identifies AQR Capital Management, LLC as a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC as deemed to be controlled by AQR Capital Management, LLC.
Gesher Acquisition Corp. II, a blank check company, reported net income of $891,601 for the three months ended March 31, 2026, mainly from interest earned on IPO trust investments.
General and administrative expenses rose to $412,668, while interest on marketable securities held in the trust account reached $1,304,269. Cash held outside the trust account was $589,283 and marketable securities in the trust totaled $150,028,760.
As of May 13, 2026, the company had 14,940,625 Class A and 5,513,483 Class B ordinary shares outstanding. Management discloses substantial doubt about the company’s ability to continue as a going concern if it fails to complete a business combination by December 24, 2026, when mandatory liquidation would be required.
Gesher Acquisition Corp. is a Cayman Islands-based special purpose acquisition company formed in August 2024 to complete a business combination, with a focus on Israeli technology and innovation-driven businesses that operate internationally. The company completed its IPO on March 24, 2025, selling 14,375,000 public units at $10.00 each, raising gross proceeds of $143,750,000, and simultaneously sold 565,625 private placement units for $5,656,250. A total of $144,181,250 was placed in a trust account, and funds available for a business combination were $148,724,491 as of December 31, 2025.
Public shareholders can redeem their shares in connection with a business combination or certain charter changes at a price tied to the cash in the trust; the redemption price was about $10.35 per share as of December 31, 2025. If no deal is completed by December 24, 2026, or an earlier liquidation date approved by the board, the company will redeem 100% of public shares and wind up. As of March 27, 2026, 14,940,625 Class A ordinary shares and 5,513,483 Class B founder shares were outstanding, with founder shares structured to convert into Class A shares and represent 27.72% of the equity at business combination closing, which, along with private warrants, working capital loans and any additional equity or convertible debt, may cause material dilution to public shareholders.
Gesher Acquisition Corp. II Chief Financial Officer Fu Yingzi (Carol) has filed an initial Form 3, which is a required statement of beneficial ownership for company insiders. The filing reports no transactions, no derivative positions and no reportable holdings at this time.
Barclays PLC filed an amended Schedule 13G reporting beneficial ownership of common stock of Gesher Acquisition Corp II-A. Barclays reports holding 320,565 shares, representing 2.14% of the outstanding common stock as of the event date. The firm has sole voting and dispositive power over these shares and no shared power. Barclays states the securities were acquired and are held in the ordinary course of business, not to change or influence control of the company.