Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 1241

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 11
Chunk 1241
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, 2024 

    Assets: 

    Investments held in Trust Account 
     1  
    $232,858,478 
  
    Equity: 

    Fair value of Public Share Rights for Class A ordinary shares subject to possible redemption allocation 
     3  
    $2,760,000 

At December 31, 2024, substantially all of the
assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities and have readily
determinable values using available market information. Fair values of these investments are determined by Level 1 inputs utilizing quoted
prices (unadjusted) in active markets for identical assets.

The Public Share Rights have been classified within
shareholders’ equity and will not require remeasurement after issuance. The following table presents the quantitative information
regarding market assumptions used in the valuation of the Public Share Rights:

    December 11, 2024 
  
    Trade price of Unit 
    $10.04 
  
    Risk-free rate 
     4.11 
  
    Market adjustment(1) 
     12%
  
    Fair value per share right 
    $0.12 

  (1) Market adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of business combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded warrant prices to simulated model outputs. 

NOTE 9 — SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from
which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated
by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Executive Officer who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has
determined that there is only one reportable segment.

F-17

The CODM assesses performance for the single segment
and decides how to