Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 4

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 Capital  
    Deficit  
    Deficit 
  
    Balance — September 11, 2024 (Inception) 
     —  
    $—  
     —  
    $—  
    $—  
    $—  
    $— 

    Issuance of Class B ordinary shares to
 Sponsor (1) 
     —  
     —  
     5,750,000  
     575  
     24,425  
     —  
     25,000 

    Net loss 
     —  
     —  
     —  
     —  
     —  
     (49,568) 
     (49,568)

    Balance – September 30, 2024 (Unaudited) 
     —  
    $—  
     5,750,000  
    $575  
    $24,425  
    $(49,568) 
    $(24,568)

(1)Includes
an aggregate of up to 750,000 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which
the underwriter’s over-allotment option was exercised (see Note 5). On December 11, 2024, the Company consummated its IPO
and sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters’ option to purchase
additional units to cover the over-allotment, hence the 750,000 shares of Class B ordinary shares are no longer subject to forfeiture.

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

JACKSON ACQUISITION COMPANY II

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

    For the 
Nine Months 
Ended 
September 30,  
    For the 
Period from 
September 11, 
2024 (Inception) 
Through 
September 30, 

    2025  
    2024 
  
    Cash Flows from Operating Activities: 

    Net income (loss) 
    $6,891,757  
    $(49,568)
  
    Adjustments to reconcile net income (loss) to net cash used in operating activities: 

    Formation costs