Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 750

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 7
Chunk 750
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2024 (INCEPTION) THROUGH DECEMBER 31, 2024

    Cash Flows from Operating Activities: 

    Net income 
    $381,082 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     8,148 
  
    Payment of operation costs through promissory note 
     60,420 
  
    Interest earned on marketable securities held in Trust Account 
     (558,478)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (198,037)
  
    Accounts payable and accrued expenses 
     (2,968)
  
    Due to Sponsor 
     7,000 
  
    Net cash used in operating activities 
     (302,833)

    Cash Flows from Investing Activities: 

    Investment of cash into Trust Account 
     (232,300,000)
  
    Net cash used in investing activities 
     (232,300,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     225,400,000 
  
    Proceeds from sale of Private Placement Units 
     8,400,000 
  
    Payment of offering costs 
     (247,801)
  
    Net cash provided by financing activities 
     233,552,199 

    Net Change in Cash 
     949,366 
  
    Cash - Beginning of period 
     — 
  
    Cash - End of year 
    $949,366 

    Non-Cash Investing and Financing Activities: 

    Offering costs included in accrued offering costs 
    $155,484 
  
    Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $25,000 
  
    Deferred offering costs paid through promissory note – related party 
    $137,604 
  
    Offering costs paid to prepaid expense 
    $14,099 
  
    Offering costs charged to Additional paid in capital 
    $557,741 
  
    Accretion of Class A ordinary shares to redemption value 
    $10,694,910 

The accompanying notes are an integral
part of these financial statements.

F-6

JACKSON
ACQUISITION COMPANY II 
NOTES TO FIN