Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 74

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 74
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 offering of debt or equity securities in connection with the completion of our initial business combination, and
we may effectuate our initial business combination using the proceeds of such offering rather than using the amounts held in the Trust
Account.

In the case of an initial
business combination funded with assets other than the Trust Account assets, our tender offer documents or proxy materials disclosing
the business combination would disclose the terms of the financing and, only if required by law or stock exchange rule or we decide to
do so for business or other reasons, we would seek shareholder approval of such financing. There are no prohibitions on our ability to
raise funds privately or through loans in connection with our initial business combination. At this time, we are not a party to any arrangement
or understanding with any third party with respect to raising any additional funds through the sale of securities or otherwise.

7

Selection of a target business and structuring
of our initial business combination

The NYSE rules require that
our initial business combination be with one or more operating businesses or assets with an aggregate fair market value of at least 80%
of the value of the assets held in the Trust Account (net of amounts disbursed to management for working capital purposes and excluding
the amount of any deferred underwriting discount held in trust) at the time of our signing a definitive agreement in connection with our
initial business combination. We refer to this as the 80% of net assets test. The fair market value of the target or targets will be determined
by our board of directors based upon one or more standards generally accepted by the financial community, such as discounted cash flow
valuation or value of comparable businesses. If our board of directors is not able independently to determine the fair market value of
the target business or businesses, we will obtain an opinion from an independent investment banking firm, or another independent entity
that commonly renders valuation opinions, with respect to the satisfaction of such criteria. Although we may purchase multiple businesses
in related industries in connection with our initial business combination, we do not currently intend to purchase multiple businesses
in unrelated industries in conjunction with our initial business combination, although there is no assurance that will be the case. Subject
to this requirement, our management will have virtually unrestricted flexibility in identifying and selecting one or more prospective
target businesses, although we will not be permitted to effectuate our initial business combination solely with another blank check company
or a similar company with nominal operations.

In any case, we will only
complete an initial business combination if the post-