Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 95

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 95
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 forth in SEC Tender Offer Rules and
    Schedules Compliance and Disclosure Interpretation 166.01 in privately negotiated transactions or in the open market either prior
    to or following the completion of our initial business combination. Any such price per share may be different than the amount per
    share a public shareholder would receive if it elected to redeem its shares in connection with our initial business combination,
    however in no event will such price per share be made at a price higher than the offered redemption price. Such purchases will be
    restricted except to the extent such purchases are able to be 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. None of the funds in the Trust Account will
    be used to purchase shares in such transactions.
     
    If we have not completed
    our initial business combination by December 11, 2026, we will redeem all public shares at a per-share price, payable in cash, equal
    to the aggregate amount then on deposit in the Trust Account (which is initially anticipated to be $10.10 per share), including interest
    (less up to $100,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number
    of then issued and outstanding public shares.

18

    Redemptions in Connection 
with our Initial Business 
Combination
     
    Other Permitted Purchases of 
Public Shares by our 
Affiliates
     
    Redemptions if we fail to 
Complete an Initial 
Business Combination

    Impact to remaining shareholders
     
    The redemptions in connection with our initial business combination will reduce the book value per share for our remaining shareholders, who will bear the burden of the Marketing Fee and interest withdrawn in order to pay taxes (to the extent not paid from amounts accrued as interest on the funds held in the Trust Account).
     
    If the permitted purchases described above are made, there will be no impact to our remaining shareholders because the purchase price would not be paid by us.
     
    The redemption of our public shares if we fail to complete our initial business combination will reduce the book value per share for the shares held by our initial shareholders, who will be our only remaining shareholders after such redemptions.

Competition

We expect to encounter intense
competition from other entities having a business objective similar to ours