Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 669

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 6
Chunk 669
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ed amounts out of the proceeds
of the Trust Account released to us. Otherwise, such loans would be repaid only out of funds held outside the Trust Account. Up to $1,500,000
of such loans may be convertible into units at the time of the business combination at a price of $10.00 per unit at the option of the
lender. After the completion of our initial business combination, directors or members of our management team who remain with us may be
paid consulting, management or other compensation from the combined company. All compensation will be fully disclosed to shareholders,
to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our shareholders in connection with
a proposed business combination. It is unlikely the amount of such compensation will be known at the time, because the directors of the
post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid
to our officers after the completion of our initial business combination will be determined by a compensation committee constituted solely
by independent directors.

We are not party to any agreements
with our directors and officers that provide for benefits upon termination of employment. The existence or terms of any such employment
or consulting arrangements may influence our management’s motivation in identifying or selecting a target business, and we do not
believe that the ability of our management to remain with us after the consummation of our initial business combination should be a determining
factor in our decision to proceed with any potential business combination.

37

Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Shareholder Matters.

The following table sets
forth information regarding the beneficial ownership of our ordinary shares as of the date hereof by:

    ●
    each person known by us to be the beneficial owner of more than 5% of our outstanding ordinary shares;

    ●
    each of our officers and directors; and

    ●
    all of our officers and directors as a group.

Unless otherwise indicated,
we believe that all persons named in the table have sole voting and investment power with respect to all ordinary shares beneficially
owned by them.

The beneficial ownership
of our ordinary shares is based on an aggregate of 29,590,000 ordinary shares issued and outstanding as of the date hereof and the record
of beneficial ownership as indicated in the statements filed with the SEC pursuant section 13(d) or 13(g) as of the date hereof.

    Name and Address of Beneficial Owner