Company: JACS-RI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001213900-25-041127
Chunk: 2

Company: Jackson Acquisition Co II
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Amount  
    Shares  
    Amount  
    Capital  
    Earnings  
    Equity 
  
    Balance – December 31, 2024 
     840,000  
    $84  
     5,750,000  
    $575  
    $408,122  
    $381,082  
    $789,863 

    Accretion for Class A ordinary shares to redemption amount 
     —  
     —  
     —  
     —  
     (408,122) 
     (2,025,600) 
     (2,433,722)

    Net income 
     —  
     —  
     —  
     —  
     —  
     2,227,401  
     2,227,401 

    Balance – March 31, 2025 (unaudited) 
     840,000  
    $84  
     5,750,000  
    $575  
    $—  
    $582,883  
    $583,542 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

3

JACKSON ACQUISITION COMPANY II

CONDENSED STATEMENT OF CASH FLOWS

FOR THE THREE MONTHS ENDED MARCH 31, 2025

(UNAUDITED)

    Cash Flows from Operating Activities: 

    Net income 
    $2,227,401 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest earned on marketable securities held in Trust Account 
     (2,433,722)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (34,701)
  
    Accounts payable and accrued expenses 
     17,624 
  
    Due to Sponsor 
     30,000 
  
    Net cash used in operating activities 
     (193,398)

    Net Change in Cash 
     (193,398)
  
    Cash - Beginning of period 
     949,366 
  
    Cash - End of period 
    $755,968 

    Non-Cash Investing and Financing Activities: 

    Accretion of Class A ordinary shares to redemption value 
    $2,433,722