Gesher Acquisition Corp. II Price Announced for $125M IPO
Deal News | Mar 20, 2025 | EIN
Gesher Acquisition Corp. II, a blank check company, has announced the pricing of its initial public offering (IPO), setting the stage for public trading. The company has priced its IPO at $125 million, offering 12,500,000 units at $10 per unit. These units are expected to begin trading on the Nasdaq Global Market under the ticker symbol GSHRU on March 21, 2025. Each unit consists of one Class A ordinary share and half of one redeemable warrant. These warrants will allow their holders to purchase additional shares at $11.50 each. The offering is expected to close on March 24, 2025, contingent on customary conditions. Gesher Acquisition Corp. II aims to pursue mergers, acquisitions, or other business combinations, with a focus on companies based in Israel. The management team includes high-profile leaders such as CEO and Chairman Ezra Gardner and CFO Sagi Dagan. BTIG, LLC is acting as the sole book-running manager for the IPO. The company's securities have been registered with the U.S. Securities and Exchange Commission, with the registration becoming effective on March 14, 2025.
Sectors
- Finance
- Investment
- Technology
Geography
- United States – The IPO is taking place in the U.S., with securities registered with the U.S. Securities and Exchange Commission.
- Israel – The company intends to target businesses located in Israel for its mergers and acquisitions.
Industry
- Finance – The article involves an initial public offering (IPO), an important financial transaction within the Finance industry.
- Investment – Gesher Acquisition Corp. II is pursuing potential mergers and acquisitions, which falls under the Investment sector.
- Technology – The company might focus on technology firms located in Israel, a hub of tech start-ups.
Financials
- $125,000,000 – The total value of Gesher Acquisition Corp. II's initial public offering.
- $11.50 – Exercise price for the redeemable warrants offered in the IPO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gesher Acquisition Corp. II | Target Company | Company | A blank check company formed for mergers, acquisitions, or similar business combinations. |
| BTIG, LLC. | Book-running Manager | Company | Investment bank managing the IPO process. |
| Ezra Gardner | CEO and Chairman | Person | Chief Executive Officer and Chairman of Gesher Acquisition Corp. II's Board of Directors. |
| Sagi Dagan | CFO and Director | Person | Chief Financial Officer and Director of Gesher Acquisition Corp. II. |
| U.S. Securities and Exchange Commission (SEC) | Regulatory Body | Government | Regulates securities market, ensuring the IPO's legality. |