Company: JACS-RI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001213900-25-041127
Chunk: 24

Company: Jackson Acquisition Co II
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 total assets, which include the following:

    March 31,  
    December 31, 

    2025  
    2024 
  
    Cash 
    $755,968  
    $949,366 
  
    Investments held in Trust Account 
    $235,292,200  
    $232,858,478 

    For the
 Three Months
 Ended
 March 31,
 2025 
  
    Operational costs 
    $206,321 
  
    Interest earned on marketable securities held in Trust Account 
    $2,433,722 

The CODM reviews interest earned on marketable securities held in Trust Account to measure and monitor shareholder value and determine
the most effective strategy of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

 Operational costs are reviewed and monitored by
the CODM to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar transaction within
the Combination Period. The CODM also reviews operational costs to manage, maintain and enforce all contractual agreements to ensure costs
are aligned with all agreements and budget. Operational costs, as reported on the condensed statement of operations, are the significant
segment expenses provided to the CODM on a regular basis.

 All other segment items included in net income
are reported on the condensed statement of operations and described within their respective disclosures.

NOTE 10 — SUBSEQUENT EVENTS

 The Company evaluated subsequent events and transactions
that occurred after the condensed balance sheet date through the date that the condensed financial statements were issued. Based upon
this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial
statements other than discussed below.

On May 7, 2025, the Promissory Note was amended
such that the Promissory Note is payable upon consummation of an initial Business Combination or upon liquidation of the Company. 

18

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

References in this report (this “Quarterly
Report”) to “we,” “us” or the “Company” refer to Jackson Acquisition Company II. References
to our “management” or our “management team” refer to our officers and directors, and references to the “Sponsor”
refer to RJ Healthcare SPAC II, LLC. The following discussion and analysis of the Company’s financial condition and results of operations
should be read