Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 16

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 the rights issued in connection with the Initial Public Offering and the Private Placement to receive
one tenth (1/10) of one Class A ordinary share upon the consummation of an initial Business Combination in the calculation of diluted
income per ordinary share, because their exercise is contingent upon future events. As a result, diluted net income per ordinary share
is the same as basic net income per ordinary share for the three and six months ended June 30, 2025. Accretion associated with the redeemable
Class A ordinary shares is excluded from earnings per ordinary share as the redemption value approximates fair value.

The Company has considered the effect of Class
B ordinary shares that were excluded from weighted average number as they were contingent on the exercise of over-allotment option by
the underwriters. Since the contingency was satisfied, the Company included these shares in the weighted average number as of the beginning
of the interim period to determine the dilutive impact of these shares.

The following tables present a reconciliation
of the numerator and denominator used to compute basic and diluted net income per ordinary share for each class of ordinary shares:

     Basic and diluted net income per ordinary share: 
    For the Three Months Ended June 30, 2025 
    For the Six Months Ended June 30, 2025

    Redeemable Class A 
    Non-redeemable Class A and Class B 
    Redeemable Class A 
    Non-redeemable Class A and Class B
  
    Numerator: 

    Allocation of net income 
    $1,802,019  
    $516,317  
    $3,533,354  
    $1,012,383 
  
    Denominator: 

    Weighted-average shares outstanding 
     23,000,000  
     6,590,000  
     23,000,000  
     6,590,000 
  
    Basic and diluted net income per ordinary share 
    $0.08  
    $0.08  
    $0.15  
    $0.15 

Recently Issued Accounting Standards

In November 2024, the FASB issued Accounting Standards
Update (“ASU”) 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic
220-40): Disaggregation of Income Statement Expenses”, requiring public entities to disclose additional