Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 86

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 86
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 As a result, the
shareholder then had an “option window” after the completion of the business combination during which he or she could monitor
the price of the company’s shares in the market. If the price rose above the redemption price, he or she could sell his or her shares
in the open market before actually delivering his or her shares to the company for cancellation. As a result, the redemption rights, to
which shareholders were aware they needed to commit before the general meeting, would become “option” rights surviving past
the completion of the business combination until the redeeming holder delivered its certificate. The requirement for physical or electronic
delivery prior to the meeting ensures that a redeeming holder’s election to redeem is irrevocable once the business combination
is approved.

Any request to redeem such
shares, once made, may be withdrawn at any time up to the date set forth in the tender offer materials or two business days prior
to the scheduled date of the general meeting set forth in our proxy materials, as applicable (unless we elect to allow additional withdrawal
rights). Furthermore, if a holder of a public share delivered its certificate in connection with an election of redemption rights and
subsequently decides prior to the applicable date not to elect to exercise such rights, such holder may simply request that the transfer
agent return the certificate (physically or electronically). It is anticipated that the funds to be distributed to holders of our public
shares electing to redeem their shares will be distributed promptly after the completion of our initial business combination.

If our initial business combination
is not approved or completed for any reason, then our public shareholders who elected to exercise their redemption rights would not be
entitled to redeem their shares for the applicable pro rata share of the Trust Account. In such case, we will promptly return any certificates
delivered by public holders who elected to redeem their shares.

If our initial proposed business
combination is not completed, we may continue to try to complete a business combination with a different target until December 11, 2026.

Redemption of public shares and liquidation
if no initial business combination

We may also hold a shareholder
vote at any time to amend our amended and restated memorandum and articles of association to modify the amount of time we will have to
consummate an initial business combination (as well as to modify the substance or timing of our obligation to redeem 100% of our public
shares if we have not consummated an initial business combination within the time periods