Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 227

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1A
Chunk 227
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 up to $1,500,000 of such
Working Capital Loans for each such person may be convertible into Units of the post-Business Combination entity at a price of $10.00
per Unit. The Units would be identical to the Private Placement Units. As of December 31, 2024, there are no Working Capital Loans
outstanding.

F-14

NOTE 6 — COMMITMENTS

Registration Rights

The holders of the Founder Shares, Private Placement
Shares, Private Placement Units, and any Units that may be issued upon conversion of the Working Capital Loans (and any Class A ordinary
shares issuable upon the exercise of the Private Placement Units and Units that may be issued upon conversion of Working Capital Loans
and upon conversion of the Founder Shares) will be entitled to registration rights pursuant to a registration rights agreement to be signed
on the effective date of Initial Public Offering requiring the Company to register such securities for resale (in the case of the Founder
Shares, only after conversion to Class A ordinary shares). The holders of these securities will be entitled to make up to three demands,
excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggyback”
registration rights with respect to registration statements filed subsequent to completion of a Business Combination and rights to require
the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights
agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become
effective until termination of the applicable lock-up period. The registration rights agreement does not contain liquidating damages or
other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear the expenses
incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,000,000 Units to cover over-allotments, if any. On December 11,
2024, simultaneously with the closing of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option
to purchase the additional 3,000,000 Units at a price of $10.00 per Unit.

The underwriters were paid a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial