Filing Details

Accession Number:
0001214659-23-002104
Form Type:
13G Filing
Publication Date:
2023-02-12 19:00:00
Filed By:
Castle Creek Arbitrage, Llc
Company:
Gesher I Acquisition Corp.
Filing Date:
2023-02-13
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Castle Creek Arbitrage 0 849,652 0 849,652 849,652 5.83%
Mr. Allan Weine 0 849,652 0 849,652 849,652 5.83%
CC ARB West 0 644,036 0 644,036 644,036 4.42%
CC Arbitrage, Ltd 0 205,616 0 205,616 205,616 1.41%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

Gesher I Acquisition Corp.
(Name of Issuer)
 
Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)

 

  G38537117  
  (CUSIP Number)  
 
December 31, 2022
(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  x Rule 13d-1(b)
     
  ¨ Rule 13d-1(c)
     
  ¨ Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 1 
 

 

CUSIP No. G38537117
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Castle Creek Arbitrage, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

 

(a)o

(b)o

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

849,652

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

849,652

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

849,652

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

5.83%

12

TYPE OF REPORTING PERSON (see instructions)

 

IA

         
 2 
 

 

CUSIP No. G38537117
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Mr. Allan Weine

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

 

(a)o

(b)o

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

849,652

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

849,652

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

849,652

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

5.83%

12

TYPE OF REPORTING PERSON (see instructions)

 

IN

         
 3 
 

 

CUSIP No. G38537117
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

CC ARB West, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

 

(a)o

(b)o

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

USA

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

644,036

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

644,036

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

644,036

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.42%

12

TYPE OF REPORTING PERSON (see instructions)

 

PN

         
 4 
 

 

CUSIP No. G38537117
1

NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

CC Arbitrage, Ltd

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

 

 

(a)o

(b)o

3

SEC USE ONLY

 

 

4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

205,616

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

205,616

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

205,616

10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

 

o

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

1.41%

12

TYPE OF REPORTING PERSON (see instructions)

 

OO

         
 5 
 

 

Item 1(a). Name of Issuer:
   
   Gesher I Acquisition Corp. (the “Issuer”)
   
Item 1(b). Address of Issuer’s Principal Executive Offices:
   
  

Hagag Towers North Tower

Floor 24 Haarba 28

Tel Aviv, Israel

   
Item 2(a). Name of Person Filing:
   
  

This statement is being jointly filed by:

·     Castle Creek Arbitrage, LLC, a Delaware limited liability company, (“Castle Creek”)

·     Mr. Allan Weine, as the principal beneficial owner of Castle Creek Arbitrage, LLC

·     CC ARB West, LLC is a Delaware limited liability company

·     CC Arbitrage, Ltd. is a Cayman Island Company

 

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

 

Castle Creek Arbitrage, LLC serves as a registered investment adviser whose clients are CC Arb West, LLC and CC Arbitrage, Ltd. Mr. Weine is the managing member of Castle Creek. By virtue of these relationships, each of Castle Creek and Mr. Weine may be deemed to beneficially own the Issuer’s Common Shares directly owned by CC ARB West, LLC and CC Arbitrage, Ltd.

 

   
Item 2(b). Address of Principal Business Office or, if none, Residence:
     
   The principal business address of each reporting person is 111 W. Beaver Creek Blvd PO Box 3500 Avon, CO 81620.
   
Item 2(c). Citizenship:
   
  

Castle Creek Arbitrage, LLC is a Delaware limited liability company.

 

Mr Weine is a US citizen.

 

CC ARB West, LLC is a Delaware limited liability company.

 

CC Arbitrage, Ltd. is a Cayman Island Company

 

   
Item 2(d). Title of Class of Securities:
   
   Ordinary Shares, par value $0.0001 per share (the “Shares”)
   
Item 2(e). CUSIP Number:  G38537117

 

Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) ¨ Broker or dealer registered under Section 15 of the Act;
  (b) ¨ Bank as defined in Section 3(a)(6) of the Act;
  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act;
  (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940;
  (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
  (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
  (j) ¨ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
  (k) ¨ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:      

 

 6 
 

 

Item 4. Ownership.
  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
   (a)

Amount Beneficially Owned:

 

CC ARB West, LLC owns 644,036 Shares of Ordinary Shares, consisting of 644,036 Shares of Ordinary Shares directly held. CC Arbitrage, Ltd. owns 205,616 Shares of Ordinary Shares, consisting of 205,616 Shares of Ordinary Shares directly held. By virtue of their relationships with CC ARB West, LLC and CC Arbitrage, Ltd. discussed in further detail in Item 2, each of Castle Creek and Mr. Weine may be deemed to beneficially own the Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd.

 

This Schedule 13G reports an aggregate of 849,652 Shares of Ordinary Shares, consisting of 849,652 Shares of Ordinary Shares directly held. The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.

 

   
   (b)

Percent of Class:

 

The following ownership percentages are based on 14,575,000 Ordinary Shares issued and outstanding as of December 7, 2022, as reported in the Issuer’s Form 10-K dated December 8, 2022.

 

The 644,036 Shares owned by CC ARB West, LLC represent approximately 4.42% of the outstanding Shares. The 205,616 Shares owned by CC Arbitrage, Ltd. represent approximately 1.41% of outstanding Shares. By virtue of its relationship with CC ARB West, LLC and CC Arbitrage, Ltd. discussed in further detail in Item 2, Castle Creek may be deemed to beneficially own 849,652 Shares, representing approximately 5.83% of the outstanding Shares and Mr. Weine may be deemed to beneficially own 849,652 Shares representing approximately 5.83% of the outstanding Shares.

 

This schedule 13G reports an aggregate of 849,652 Shares, representing approximately 5.83% of the outstanding Shares.

 

 
   (c) Number of shares as to which such person has:
      (i)

sole power to vote or to direct the vote:

 

[]

 

   
      (ii)

shared power to vote or to direct the vote:

 

CC ARB West, LLC, CC Arbitrage, Ltd., Castle Creek, and Mr. Weine share the power to vote or direct the vote of the 849,652 Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd.

 

   
      (iii)

sole power to dispose or to direct the disposition of:

 

[]

 

   
      (iv)

shared power to dispose or to direct the disposition of:

 

CC ARB West, LLC, CC Arbitrage, Ltd., Castle Creek, and Mr. Weine share the power to dispose or direct the disposition of the 849,652 Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd.

   

 

 7 
 

 

Item 5. Ownership of Five Percent or Less of a Class.
   
   If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.
   
   Not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
   
   Not applicable.
   
Item 8. Identification and Classification of Members of the Group.
   
   Not applicable.
   
Item 9. Notice of Dissolution of Group.
   
   Not applicable.
   
Item 10. Certification.
   
   By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being.

 

 8 
 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: February 13, 2023 Castle Creek Arbitrage, LLC
     
     
    By: Castle Creek Arbitrage, LLC
      As Investment Manager
       
       
    By: /s/ Mr. Allan Weine
      Name: Mr. Allan Weine
      Title: Managing Member of the Investment Manager
         
         
    By: /s/ Chris Perz
      Name: Chris Perz
      Title: Chief Compliance Officer

 

 

9