Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 73

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 73
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 proceeds of our IPO and the sale of the Private Placement Units, and, as a result, if the cash portion of the purchase price exceeds
the amount available from the Trust Account, net of amounts needed to satisfy redemptions by public shareholders, we may be required to
seek additional financing to complete such proposed initial business combination. We may also obtain financing prior to the closing of
our initial business combination to fund our working capital needs and transaction costs in connection with our search for and completion
of our initial business combination. There is no limitation on our ability to raise funds through the issuance of equity or equity-linked
securities or through loans, advances or other indebtedness in connection with our initial business combination, including pursuant to
any forward purchase agreements, backstop or similar agreements we may enter into. Subject to compliance with applicable securities laws,
we would only complete such financing simultaneously with the completion of our business combination. If we are unable to complete our
initial business combination because we do not have sufficient funds available to us, we will be forced to cease operations and liquidate
the Trust Account. In addition, following our initial business combination, if cash on hand is insufficient, we may need to obtain additional
financing in order to meet our obligations.

Effecting Our Initial Business Combination

We are not presently engaged
in, and we will not engage in, any operations for an indefinite period of time. We intend to effectuate our initial business combination
using cash from the proceeds of our IPO and the sale of the Private Placement Units, our shares, debt or a combination of these as the
consideration to be paid in our initial business combination. We may seek to complete our initial business combination with a company
or business that may be financially unstable or in its early stages of development or growth, which would subject us to the numerous risks
inherent in such companies and businesses.

If our initial business combination
is paid for using equity or debt, or not all of the funds released from the Trust Account are used for payment of the consideration in
connection with our initial business combination or the redemptions of our public shares, we may apply the balance of the cash released
to us from the Trust Account for general corporate purposes, including for maintenance or expansion of operations of the post-transaction
company, the payment of principal or interest due on indebtedness incurred in completing our initial business combination, to fund the
purchase of other companies or for working capital.

We may seek to raise additional
funds through a private