Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 92

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 92
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. We cannot assure you that claims will not be brought against us for these reasons.

16

Our public shareholders will
be entitled to receive funds from the Trust Account only upon the earliest to occur of: (1) our completion of an initial business
combination, and then only in connection with those Class A Ordinary Shares that such shareholder properly elected to redeem, subject
to the limitations described herein; (2) the redemption of any public shares properly submitted in connection with a shareholder
vote to amend our amended and restated memorandum and articles of association (A) to modify the substance or timing of our obligation
to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our
initial business combination by December 11, 2026 or (B) with respect to any other provision relating to shareholders’ rights
or pre-initial business combination activity; and (3) the redemption of our public shares if we have not completed an initial business
combination by December 11, 2026, subject to applicable law. In no other circumstances will a shareholder have any right or interest of
any kind to or in the Trust Account. Holders of rights will not have any right to the proceeds held in the Trust Account with respect
to the rights.

Amended and Restated Memorandum and Articles
of Association

Our amended and restated memorandum
and articles of association contain certain requirements and restrictions relating to our IPO that will apply to us until the consummation
of our initial business combination. Our amended and restated memorandum and articles of association contain a provision which provides
that, if we seek to amend our amended and restated memorandum and articles of association (A) to modify the substance or timing of
our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do
not complete our initial business combination by December 11, 2026 or (B) with respect to any other provision relating to shareholders’
rights or pre-initial business combination activity, we will provide public shareholders with the opportunity to redeem their public shares
in connection with any such amendment. Specifically, our amended and restated memorandum and articles of association provide, among other
things, that:

●prior to the consummation of our initial business combination,
we shall either (1) seek shareholder approval of our initial business combination at a meeting called for such purpose at which
public shareholders