Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 527

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 4
Chunk 527
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 directors directly and/or indirectly own Founder Shares and/or Private Placement Units and, accordingly,
may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate
our initial business combination.

Our management team, in their
capacities as directors, officers or employees of our Sponsor or their respective affiliates or in their other endeavors, may choose to
present potential business combinations to the related entities described above, current or future entities affiliated with or managed
by our Sponsor, or third parties, before they present such opportunities to us, subject to his or her fiduciary duties under Cayman Islands
law and any other applicable fiduciary duties.

33

Our Sponsor paid a nominal
aggregate purchase price of $25,000 for the Founder Shares, or approximately $0.004 per share. Accordingly, certain members of our management
team, which own interests in our Sponsor, may be more willing to pursue a business combination with a riskier or less-established target
business than would be the case if our Sponsor had paid the same per share price for the Founder Shares as our public shareholders paid
for their public shares. Further, our directors and officers presently have, and any of them in the future may have, additional, fiduciary
or contractual obligations to other entities pursuant to which such officer or director is or will be required to present a business combination
opportunity to such entity. Accordingly, if any of our directors or officers becomes aware of a business combination opportunity that
is suitable for an entity to which he or she has then-current fiduciary or contractual obligations, he or she may need to honor these
fiduciary or contractual obligations to present such business combination opportunity to such entity, or in the case of a non-compete
restriction, may not present such opportunity to us at all, subject to his or her fiduciary duties under Cayman Islands law. Our amended
and restated memorandum and articles of association provide that, to the fullest extent permitted by applicable law: (i) no individual
serving as a director or an officer shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging
directly or indirectly in the same or similar business activities or lines of business as us; and (ii) we renounce any interest or
expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which may be a corporate opportunity
for any director or officer, on the one