Company: JACS-RI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001213900-25-041127
Chunk: 20

Company: Jackson Acquisition Co II
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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11, 2024, the date of the Initial Public Offering.

Business Combination Marketing Fee

The Company has engaged Roth as an advisor in
connection with its Business Combination. The Company will pay Roth a cash fee (the “Business Combination Marketing Fee”)
for such services upon the consummation of its initial Business Combination in an amount up to 4.0% of the gross proceeds of the Initial
Public Offering, an aggregate of up to $9,200,000 after the underwriters exercised their over-allotment option in full on December 11,
2024. As of March 31, 2025 and December 31, 2024, no Business Combination Marketing Fee has been incurred or recorded.

NOTE 7 — SHAREHOLDERS’ EQUITY

Preference Shares — The
Company is authorized to issue 1,000,000 preference shares with a par value of $0.0001 per share, with such designations, voting and
other rights and preferences as may be determined from time to time by the Company’s board of directors. At March 31, 2025 and
December 31, 2024, there were no preference shares issued or outstanding.

Class A Ordinary Shares — The Company
is authorized to issue 200,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A ordinary
shares are entitled to one vote for each share. At March 31, 2025 and December 31, 2024, there were 840,000 Class A ordinary shares
issued and outstanding, excluding 23,000,000 Class A ordinary shares subject to possible redemption.

Class B Ordinary Shares — The
Company is authorized to issue 20,000,000 Class B ordinary shares, with a par value of $0.0001 per share. Holders of the Class B
ordinary shares are entitled to one vote for each share. On September 13, 2024, the Company issued 5,750,000 Class B ordinary shares to
the Sponsor for $25,000, or approximately $0.004 per share. As of March 31, 2025 and December 31, 2024, there were 5,750,000 Class B ordinary
shares issued and outstanding.

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Only holders of Class B ordinary shares will
have the right to vote on the election