Appleby Advises on Gesher Acquisition Corp. II USD$143M Initial Public Offering
Appleby are pleased to have acted as Cayman Islands counsel for Gesher Acquisition Corp. II (NASDAQ: GSHRU) (the Company), alongside Ellenoff, Grossman & Schole LLP, in its initial public offering (IPO) of 14,375,000 units. The IPO was priced at US$10.00 per unit. The units are listed on The Nasdaq Global Market (Nasdaq) and commenced trading under the ticker symbol “GSHRU” on March 21, 2025.
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. Upon 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 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 Appleby corporate team included Partner Simon Raftopoulos and Senior Associate Alexandra Low.
