Company: JACS-RI
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0001213900-25-003881
Chunk: 0

Company: Jackson Acquisition Co II
Filing Date: 2025-01-15
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

JACKSON ACQUISITION COMPANY II

CONDENSED BALANCE SHEET

SEPTEMBER 30, 2024

    Assets 

    Current assets 

    Prepaid expenses 
    $3,249 
  
    Total current assets 
     3,249 
  
    Deferred offering costs 
     190,551 
  
    Total Assets 
    $193,800 

    Liabilities and Shareholders’ Deficit 

    Current Liabilities 

    Accrued offering costs 
    $93,000 
  
    Accounts payable and accrued expenses 
     5,000 
  
    Promissory note - related party 
     120,368 
  
    Total Liabilities 
     218,368 

    Commitments and Contingencies (Note 6) 

    Shareholders’ Deficit 

    Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding 
     — 
  
    Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding 
     — 
  
    Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding(1) 
     575 
  
    Additional paid-in capital 
     24,425 
  
    Accumulated deficit 
     (49,568)
  
    Total Shareholders’ Deficit 
     (24,568)
  
    Total Liabilities and Shareholders’ Deficit 
    $193,800 

(1)Includes
an aggregate of up to 750,000 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which
the underwriter’s over-allotment option is exercised (see Note 5). On December 11, 2024, the Company consummated its IPO and
sold 23,000,000 Units, including 3,000,000 Units sold pursuant to the full exercise of the underwriters’ option to purchase additional
units to cover the over-allotment, hence the 750,000 shares of Class B ordinary shares were no longer subject to forfeiture.

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

JACKSON ACQUISITION COMPANY II

CONDENSE