Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 132

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 132
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,500,000 of such loans for each lender
may be convertible into units at a price of $10.00 per unit at the option of the lender.

The above payments may be funded
using the net proceeds of our IPO and the sale of the Private Placement Units not held in the Trust Account or, upon completion of the
initial business combination, from any amounts remaining from the proceeds of the Trust Account released to us in connection therewith.

Director Independence

The NYSE listing standards
require that a majority of our board of directors be independent within one year of our IPO. An “independent director” is
defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship
which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment
in carrying out the responsibilities of a director. We have four “independent directors” as defined in the NYSE listing standards
and applicable SEC rules. Our board has determined that each of Brian McCarthy, J. Nicholas Ayers, Stephan Rodgers and Paul Gabos
is an independent director under applicable SEC rules and the NYSE listing standards.

Our independent directors
have regularly scheduled meetings at which only independent directors are present.

Item 14. Principal Accounting Fees and Services.

During the period from September
11, 2024 (inception) through December 31, 2024, the firm WithumSmith+Brown, PC (“WithumSmith+Brown”), has acted as our principal
independent registered public accounting firm. The following is a summary of fees paid or to be paid to WithumSmith+Brown for services
rendered.

Audit Fees. Audit fees
consist of fees for professional services rendered for the audit of our year-end financial statements and services that are normally provided
by WithumSmith+Brown in connection with regulatory filings. The aggregate fees of WithumSmith+Brown for professional services rendered
for the audit of our annual financial statements, review of the financial information included in our Form 10-Q for the respective periods
and other required filings with the SEC for the period from September 11, 2024 (inception) through December 31, 2024 totaled approximately
$62,400. The aggregate fees of WithumSmith+Brown related to audit services in connection with our IPO totaled approximately $62,400. The
above amounts include interim procedures and audit fees, as well as attendance at audit committee meetings