Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 80

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 80
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Working Capital
Loans”). If we complete a Business Combination, we may repay such loaned amounts out of the proceeds of the Trust Account
released to us. In the event that a Business Combination does not close, we may use a portion of the working capital held outside
the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account would be used for such repayment. 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. At June 30, 2025 and December 31, 2024, no amounts were outstanding under the Working Capital
Loans.

20

We do not believe we will need to raise additional
funds in order to meet the expenditures required for operating our business. However, if our estimate of the costs of identifying a target
business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so,
we may have insufficient funds available to operate our business prior to our initial Business Combination. Moreover, we may need to obtain
additional financing either to complete our Business Combination or because we become obligated to redeem a significant number of our
public shares upon completion of our Business Combination, in which case we may issue additional securities or incur debt in connection
with such Business Combination.

Going Concern

In connection with our assessment of going concern
considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an
Entity’s Ability to Continue as a Going Concern,” management believes that the funds which the Company has available following
the completion of the initial public offering will enable it to sustain operations for a period of at least one year from the issuance
date of these unaudited condensed financial statements.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of June 30, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

We do