Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 852

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 8
Chunk 852
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 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.

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. Accordingly, if
any of the above directors or officers become aware of a business combination opportunity which is suitable for any of the above entities
to which he or she has then-current fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations
to present such business combination opportunity to such entity, and only present it to us if such entity rejects the opportunity, subject
to his or her fiduciary duties under Cayman Islands law. 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. However, because the entities to which our executive officers and directors owe fiduciary duties or contractual obligations
are not themselves in the business of engaging in business combinations, we do not believe that any of the foregoing fiduciary duties
or contractual obligations will materially affect our ability to identify and pursue business combination opportunities or complete our
initial business combination.

Potential investors should
also be aware of the following potential conflicts of interest:

●None of our directors or officers is required to commit his or her full time to our affairs and, accordingly,
may have conflicts of interest in allocating his or her time among various business activities.

●In the course of their other business activities, our directors and officers may become aware of investment
and business opportunities that may be appropriate for presentation to us as well