Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 17

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 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 pronouncements, if currently adopted, would have a material effect on the Company’s condensed
financial statements.

13

NOTE 3 — INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering, on December
11, 2024, the Company sold 23,000,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the
amount of 3,000,000 Units, at a price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one right entitling the
holder thereof to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial Business Combination, as
described in more detail below (the “Public Share Rights”). Each ten Public Share Rights entitle the holder thereof to receive
one Class A ordinary share at the closing of an initial Business Combination. The Company will not issue fractional Class A ordinary shares.

NOTE 4 — PRIVATE PLACEMENT

Simultaneously with the closing of the Initial
Public Offering, the Sponsor and Roth purchased an aggregate of 840,000 Private Placement Units (495,000 Private Placement Units purchased
by the Sponsor and 345,000 Private Placement Units purchased by Roth or its designees), at a price of $10.00 per Private Placement Unit
from the Company in a private placement, generating gross proceeds of $8,400,000. A portion of the proceeds from the sale of the Private
Placement Units was added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete
a Business Combination within the Combination Period, unless extended, the proceeds from the sale of the Private Placement Units held
in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law). The Private
Placement Units (including the underlying ordinary shares (“Private Placement Shares”) and rights (“Private Placement
Rights”)) are identical to the