Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 72

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 72
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With funds available for a
business combination in the amount of approximately $223.7 million, as of December 31, 2024, assuming no redemptions and after payment
of the up to $9,200,000 of Marketing Fee, in each case, before fees and expenses associated with our initial business combination, we
offer a target business a variety of options such as creating a liquidity event for its owners, providing capital for the potential growth
and expansion of its operations or strengthening its balance sheet by reducing its debt ratio. Because we are able to complete our initial
business combination using our cash, debt or equity securities, or a combination of the foregoing, we have the flexibility to use the
most efficient combination that will allow us to tailor the consideration to be paid to the target business to fit its needs and desires.
However, we have not taken any steps to secure third-party financing and there can be no assurance it will be available to us.

We do not believe we will
need to raise additional funds following our IPO in order to meet the expenditures required for operating our business. However, if our
estimates of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial business combination
are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial
business combination. Moreover, we may need to obtain additional financing either to complete our initial business combination or because
we become obligated to redeem a significant number of our public shares upon completion of our initial business combination, in which
case we may (i) issue additional securities to investors in private placement transactions (so-called PIPE transactions) at a price of
$10.00 per share or at a price which approximates the per-share amounts in our Trust Account at such time, or (ii) incur debt in connection
with our initial business combination. If we raise additional funds through equity or convertible debt issuances, our public shareholders
may also suffer significant dilution and these securities could have rights that rank senior to our public shares. If we raise additional
funds through the incurrence of indebtedness, such indebtedness would have rights that are senior to our equity securities and could contain
covenants that restrict our operations. Further, due to the anti-dilution rights of our founder shares, our public shareholders may incur
material dilution. In addition, we intend to target businesses with enterprise values that are greater than we could acquire with the
net