Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 97

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 97
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 paid the same per share price for the founder shares as our public shareholders
paid for their public shares. Further, 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. 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 hand, and us, on the other.

19

In the event our Sponsor or
members of our management team provide loans to us to finance transaction costs and/or incur expenses on our behalf in connection with
an initial business combination, such persons 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 as such loans may not be repaid and/or such expenses may
not be reimbursed unless we consummate such business combination.

In addition, members of our
management team and our board of directors directly and/or indirectly own founder shares and/or Private Placement Units, 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.

We are not prohibited from
pursuing an initial business combination with a company that is affiliated with our Sponsor, directors or members of our management team;
accordingly, such affiliated person(s) 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 as such affiliated person(s) would have interests different from our
public shareholders and would likely not receive any financial benefit unless we consummated such business combination. As described in
“Business — Sourcing of Potential Business Combination Targets” our directors and officers