Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 955

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 9
Chunk 955
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 an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level 2:
    Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

F-16

The following table presents information about
the Company’s assets that are measured at fair value as of December 31, 2024, and indicates the fair value hierarchy of the valuation
inputs the Company utilized to determine such fair value:

    Level  
    December 11, 2024 

    Assets: 

    Investments held in Trust Account 
     1  
    $232,858,478 
  
    Equity: 

    Fair value of Public Share Rights for Class A ordinary shares subject to possible redemption allocation 
     3  
    $2,760,000 

At December 31, 2024, substantially all of the
assets held in the Trust Account were held in money market funds which are invested primarily in U.S. Treasury securities and have readily
determinable values using available market information. Fair values of these investments are determined by Level 1 inputs utilizing quoted
prices (unadjusted) in active markets for identical assets.

The Public Share Rights have been classified within
shareholders’ equity and will not require remeasurement after issuance. The following table presents the quantitative information
regarding market assumptions used in the valuation of the Public Share Rights:

    December 11, 2024 
  
    Trade price of Unit 
    $10.04 
  
    Risk-free rate 
     4.11 
  
    Market adjustment(1) 
     12%
  
    Fair value per share right 
    $0.12 

  (1) Market adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of business combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded warrant prices to simulated model outputs. 

NOTE 9 — SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement