Company: JACS-RI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001213900-25-041127
Chunk: 63

Company: Jackson Acquisition Co II
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 63
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 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 unaudited condensed financial statements.

Off-Balance Sheet Financing Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of March 31, 2025. 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. For the three months ended March 31, 2025, we incurred $30,000 for these services.
At March 31, 2025 and December 31, 2024, we owed $37,000 and $7,000, respectively, for these services.

We have engaged Roth as an advisor in connection
with its Business Combination. We will pay Roth a cash fee (the “Business Combination Marketing Fee”) for such services upon
the consummation of its initial Business Combination in an amount up to 4.0% of the gross proceeds of the Initial Public Offering, an
aggregate of up to $9,200,000 after the underwriters exercised their over-allotment option in full