Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 582

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 5
Chunk 582
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 Account would be used for such repayment. Up to $1,500,000 of such Working Capital Loans for each such person
may be convertible into Units of the post-Business Combination entity at a price of $10.00 per Unit. At December 31, 2024, no amounts
were outstanding under the Working Capital Loans.

We do not believe we will need to raise additional
funds in order to meet the expenditures required for operating our business. However, if our estimate of the costs of identifying a target
business, undertaking in-depth due diligence and negotiating a 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 Business Combination or because we become obligated to redeem a significant number of our
public shares upon completion of our Business Combination, in which case we may issue additional securities or incur debt in connection
with such Business Combination.

Going Concern

In connection with our assessment
of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties
about an Entity’s Ability to Continue as a Going Concern,” management believes that the funds which the Company has available
following the completion of the initial public offering will enable it to sustain operations for a period of at least one year from the
issuance date of these financial statements.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of December 31, 2024. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual Obligations

We do not have any long-term
debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an aggregate of
$10,000 per month for office space and administrative and support services. As of December 31, 2024, the Company incurred $7,000 of administrative
services fees which was included in accrued expenses in the accompanying balance sheet.

The Company has engaged Roth as