Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 80

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 80
---
, however in no event will such price per share be made at a price higher than the offered redemption
price. Our Sponsor, directors, officers, advisors or any of their affiliates will be restricted from purchasing shares if such purchases
do not comply with Regulation M under the Exchange Act and the other federal securities laws.

Any purchases by our Sponsor,
directors, officers and/or any of their affiliates who are affiliated purchasers under Rule 10b-18 under the Exchange Act will
be restricted unless such purchases are made in compliance with Rule 10b-18, which is a safe harbor from liability for manipulation
under Section 9(a)(2) and Rule 10b-5 of the Exchange Act. Rule 10b-18 has certain technical requirements that
must be complied with in order for the safe harbor to be available to the purchaser. Our Sponsor, directors, officers and/or any of their
affiliates will be restricted from making purchases of ordinary shares if the purchases would violate Section 9(a)(2) or Rule 10b-5
of the Exchange Act.

Redemption rights for public shareholders upon
completion of our initial business combination

We will provide our public
shareholders with the opportunity to redeem, regardless of whether they abstain, vote for, or against, our initial business combination,
all or a portion of their public shares upon the completion of our initial business combination at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of
the initial business combination, including interest (which interest shall be net of taxes payable), divided by the number of then issued
and outstanding public shares, subject to the limitations described herein. At the completion of our initial business combination, we
will be required to purchase any ordinary shares properly delivered for redemption and not withdrawn. The amount in the Trust Account
is initially anticipated to be $10.10 per public share. The per-share amount we will distribute to investors who properly redeem their
shares will not be reduced by the Marketing Fee we will pay to the underwriters. The redemption rights will include the requirement that
a beneficial holder must identify itself in order to validly redeem its public shares. There will be no redemption rights upon the completion
of our initial business combination with respect to our public rights. Our initial shareholders, directors and officers have entered into
a letter agreement with us, pursuant to which they have