Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 30

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 or long-term liabilities, other than an agreement to pay an aggregate of $10,000 per month for
office space and administrative and support services. For the three and six months ended June 30, 2025, we incurred $30,000 and $60,000
for these services, respectively. At June 30, 2025 and December 31, 2024, we owed $67,000 and $7,000, respectively, for these services.

We have engaged Roth as an advisor in connection
with its Business Combination. We will pay Roth a cash fee (the “Business Combination Marketing Fee”) for such services upon
the consummation of its initial Business Combination in an amount up to 4.0% of the gross proceeds of the Initial Public Offering, an
aggregate of up to $9,200,000 after the underwriters exercised their over-allotment option in full on December 11, 2024. As of June 30,
2025 and December 31, 2024, no Business Combination Marketing Fee has been incurred or recorded.

Critical Accounting Estimates

The preparation of unaudited condensed financial
statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets
and liabilities at the date of the unaudited condensed financial statements, and income and expenses during the periods reported. Actual
results could materially differ from those estimates. At June 30, 2025, we have not identified any critical accounting estimates.

Recent Accounting Pronouncements

In November 2024, the FASB issued Accounting
Standards Update (“ASU”) 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation
Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, requiring public entities to disclose additional
information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03
is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with
early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.

Management does not believe that any other recently
issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our unaudited condensed financial