Gesher Acquisition Corp. II Completes $143.75 Million IPO

Deal News | Mar 24, 2025 | EIN

Gesher Acquisition Corp. II Completes $143.75 Million IPO

Gesher Acquisition Corp. II has successfully closed its initial public offering (IPO) raising $143.75 million. The IPO involved the issuance of 14,375,000 units at $10 each, including 1,875,000 units from underwriters exercising their over-allotment option. The units began trading on Nasdaq under GSHRU, with future trading of separate Class A shares and warrants set for GSHR and GSHRW. A blank check company, Gesher aims to merge with target businesses in Israel. Led by CEO Ezra Gardner and CFO Sagi Dagan, the board includes prominent figures Omri Cherni, Yevgeny Neginsky, David Bleustein, and Kobi Marenko. BTIG, LLC served as the sole book-runner for this offering. The registration was sanctioned by the U.S. SEC, with all related documents accessible through SEC’s website. Forward-looking statements caution potential unpredictability regarding the IPO's proceeds usage. The company stresses no obligation for post-release updates, adhering to legal necessities.

Sectors

  • Finance/Investment Banking
  • Special Purpose Acquisition Companies (SPACs)

Geography

  • United States – The IPO took place in the United States, and the units are traded on Nasdaq, an American stock exchange.
  • Israel – Gesher Acquisition Corp. II is focused on acquiring businesses located in Israel, linking this geography to its business strategy.

Industry

  • Finance/Investment Banking – This industry is relevant as the article discusses a financial transaction specifically about the IPO of a blank check company, which is a significant financial activity.
  • Special Purpose Acquisition Companies (SPACs) – This sector is relevant because the article focuses on a SPAC, Gesher Acquisition Corp. II, and its activities related to mergers and acquiring businesses.

Financials

  • $143,750,000 – The total funds raised from the initial public offering by Gesher Acquisition Corp. II.

Participants

NameRoleTypeDescription
Gesher Acquisition Corp. IITarget CompanyCompanyA blank check company focused on merging with businesses in Israel.
Ezra GardnerChief Executive Officer/ChairmanPersonLeading the management team of Gesher Acquisition Corp. II.
Sagi DaganChief Financial Officer/DirectorPersonFinancial head and part of the board at Gesher Acquisition Corp. II.
BTIG, LLCBook-Running ManagerCompanyActed as the sole book-running manager for the IPO.
U.S. Securities and Exchange CommissionRegulatorGovernmentThe body that declared the registration statement effective for the IPO.