Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 15

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 and accumulated deficit. Accordingly, as of June
30, 2025 and December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary
equity, outside of the shareholders’ equity section of the Company’s condensed balance sheets. As of June 30, 2025 and December
31, 2024, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the
following table:

    Shares  
    Amount 
  
    Gross proceeds 
     23,000,000  
    $230,000,000 
  
    Less: 

    Proceeds allocated to Public Share Rights 
        
     (2,760,000)
  
    Class A ordinary shares issuance costs 
        
     (5,076,432)
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     10,694,910 
  
    Class A ordinary shares subject to possible redemption, December 31, 2024 
     23,000,000  
     232,858,478 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     2,433,722 
  
    Class A ordinary shares subject to possible redemption, March 31, 2025 
     23,000,000  
     235,292,200 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     2,447,373 
  
    Class A ordinary shares subject to possible redemption, June 30, 2025 
     23,000,000  
    $237,739,573 

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