Company: JACS-RI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001213900-25-041127
Chunk: 15

Company: Jackson Acquisition Co II
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
---
200 

12

Net Income per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of ordinary shares, which are referred
to as redeemable Class A ordinary shares and non-redeemable Class A and Class B ordinary shares. Income and losses are shared pro rata
between the two classes of ordinary shares. This presentation assumes a Business Combination as the most likely outcome. Net income per
ordinary share is calculated by dividing the net income by the weighted average ordinary shares outstanding for the respective period.

The calculation of diluted net income per ordinary
share does not consider the effect of the rights issued in connection with the Initial Public Offering and the Private Placement to receive
one tenth (1/10) of one Class A ordinary share upon the consummation of an initial Business Combination in the calculation of diluted
income per ordinary share, because their exercise is contingent upon future events. As a result, diluted net income per ordinary share
is the same as basic net income per ordinary share for the three months ended March 31, 2025. Accretion associated with the redeemable
Class A ordinary shares is excluded from earnings per ordinary share as the redemption value approximates fair value.

The Company has considered the effect of Class
B ordinary shares that were excluded from weighted average number as they were contingent on the exercise of over-allotment option by
the underwriters. Since the contingency was satisfied, the Company included these shares in the weighted average number as of the beginning
of the interim period to determine the dilutive impact of these shares.

The following tables present a reconciliation of the numerator and denominator used to compute basic and diluted net income per ordinary
share for each class of ordinary shares:

    Basic and diluted net income per ordinary share: 
    For the Three Months Ended March 31, 2025 

    Redeemable Class A  
    Non-redeemable Class A and Class B 

    Numerator: 

    Allocation of net income 
    $1,731,336  
    $496,065 
  
    Denominator: 

    Weighted-average shares outstanding 
     23,000,000  
     6,590,000 
  
    Basic and diluted net income per ordinary share 
    $0.08  
    $0.08 

Recently Issued Accounting Standards

 Management does not believe that any