Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 93

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 93
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 may seek to redeem their public shares without voting, and if they do vote, irrespective of whether they vote for
or against the proposed transaction, into their pro rata share of the aggregate amount then on deposit in the Trust Account, calculated
as of two business days prior to the completion of our initial business combination, including interest (which interest shall be
net of taxes payable), or (2) provide our public shareholders with the opportunity to tender their public shares to us by means
of a tender offer (and thereby avoid the need for a shareholder vote) for an amount equal to their pro rata share of the aggregate amount
then on deposit in the Trust Account, calculated as of two business days prior to the completion of our initial business combination,
including interest (which interest shall be net of taxes payable), in each case subject to the limitations described herein;

●if we seek shareholder approval, we will complete our initial
business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law, which requires the affirmative
vote of a majority of the shareholders who attend and vote at a general meeting of the company;

●if our initial business combination is not consummated by December
11, 2026, then our existence will terminate and we will distribute all amounts in the Trust Account; and

●prior to our initial business combination, we may not issue
additional ordinary shares that would entitle the holders thereof to (1) receive funds from the Trust Account or (2) vote as
a class with our public shares on any initial business combination.

These provisions cannot be
amended without the approval of a special resolution under Cayman Islands law being the affirmative vote of the holders of at least two-thirds
of our ordinary shares who attend and vote at a general meeting of the company. In the event we seek shareholder approval in connection
with our initial business combination, our amended and restated memorandum and articles of association provide that we may consummate
our initial business combination only if we obtain the approval of an ordinary resolution under Cayman Islands law, which requires the
affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the company.

17

Additionally, our amended and
restated memorandum and articles of association provide that, prior to our initial business combination, only holders of our founder shares
will have the right to vote on the appointment of directors and that holders of a majority of our founder shares may remove a member of
the board