Company: JACS-RI
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0001213900-25-003881
Chunk: 35

Company: Jackson Acquisition Co II
Filing Date: 2025-01-15
Form: 10-Q
Item: Part I, Item 8
Chunk 35
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 the Investment
Company Act, which risk increases the longer the Company holds investments in the Trust Account, the Company may, at any time instruct
the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an
interest bearing demand deposit account at a bank. Except with respect to interest earned on the funds held in the Trust Account that
may be released to the Company to pay its taxes, the proceeds from the Initial Public Offering and the sale of the Private Placement Units
will not be released from the Trust Account until the earliest of (i) the completion of the Company’s initial Business Combination,
(ii) the redemption of the Company’s public shares if the Company is unable to complete the initial Business Combination within
24 months from the closing of the Initial Public Offering or by such earlier liquidation date as the Company’s board of directors
may approve (the “Completion Window”), subject to applicable law, or (iii) the redemption of the Company’s public shares
properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of
association to (A) modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial
Business Combination or to redeem 100% of the Company’s public shares if the Company has not consummated an initial Business Combination
within the Completion Window or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial
Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors,
if any, which could have priority over the claims of the Company’s public shareholders. 

5

The Company will provide the Company’s public
shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either
(i) in connection with a general meeting called to approve the Business Combination or (ii) by means of a tender offer. The
decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by
the Company. The public shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust
Account (initially $10.10 per share), calculated as of two business days prior to the completion of a Business Combination, including
any pro rata interest earned on the funds held in the Trust Account and not previously released