Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 0

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements.

JACKSON ACQUISITION COMPANY II

CONDENSED BALANCE SHEETS

    June 30,  
    December 31, 

    2025  
    2024 

    (Unaudited)  

    ASSETS 

    Current assets 

    Cash 
    $721,661  
    $949,366 
  
    Prepaid expenses 
     134,996  
     113,530 
  
    Total Current Assets 
     856,657  
     1,062,896 
  
    Long-term prepaid insurance 
     39,021  
     84,507 
  
    Marketable securities held in Trust Account 
     237,739,573  
     232,858,478 
  
    Total Assets 
    $238,635,251  
    $234,005,881 

    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable and accrued expenses 
    $91,149  
    $57,626 
  
    Accrued offering costs 
     85,000  
     94,890 
  
    Due to Sponsor 
     67,000  
     7,000 
  
    Promissory note - related party 
     198,024  
     198,024 
  
    Total Current Liabilities 
     441,173  
     357,540 

    Commitments (Note 6) 

    Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.34 and $10.12 per share as of June 30, 2025 and December 31, 2024, respectively. 
     237,739,573  
     232,858,478 

    Shareholders’ Equity 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 840,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) as of June 30,