Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 1055

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 9B
Chunk 1055
---
—  
     —  
     —  
     2,760,000  
     —  
     2,760,000 

    Other offering cost charged to shareholders’ equity 
     —  
     —  
     —  
     —  
     (81,309) 
     —  
     (81,309)

    Accretion for Class A ordinary shares to redemption amount 
     —  
     —  
     —  
     —  
     (10,694,910) 
     —  
     (10,694,910)

    Net income 
     —  
     —  
     —  
     —  
     —  
     381,082  
     381,082 

    Balance – December 31, 2024 
     840,000  
    $84  
     5,750,000  
    $575  
    $408,122  
    $381,082  
    $789,863 

The accompanying notes are an integral
part of the financial statements.

F-5

JACKSON ACQUISITION COMPANY II

STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM SEPTEMBER 11,
2024 (INCEPTION) THROUGH DECEMBER 31, 2024

    Cash Flows from Operating Activities: 

    Net income 
    $381,082 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     8,148 
  
    Payment of operation costs through promissory note 
     60,420 
  
    Interest earned on marketable securities held in Trust Account 
     (558,478)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (198,037)
  
    Accounts payable and accrued expenses 
     (2,968)
  
    Due to Sponsor 
     7,000 
  
    Net cash used in operating activities 
     (302,833)

    Cash Flows from Investing Activities: 

    Investment of cash into Trust Account 
     (232,300,000)
  
    Net cash used in investing activities 
     (232