Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 103

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 103
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On September 13, 2024, the
Sponsor acquired 5,750,000 Class B Ordinary Shares, par value $0.0001 per share (the “Founder Shares”), respectively, for
an aggregate purchase price of $25,000, or approximately $0.004 per share. On November 18, 2024, the Sponsor entered into a securities
transfer agreement, pursuant to which the Sponsor transferred an aggregate of 200,000 Founder Shares to our officers and directors at
their original purchase price. The issuance of such Class B Ordinary Shares to the Sponsor was made pursuant to the exemption from registration
under Section 4(a)(2) of the Securities Act.

On December 11, 2024, we consummated
the IPO of 23,000,000 Units at $10.00 per Unit, which includes the full exercise by the underwriters of their over-allotment option in
the amount of 3,000,000 Units, generating gross proceeds of $230,000,000. Roth acted as sole manager of the IPO. The securities in the
offering were registered under the Securities Act on a registration statement on Form S-1 (No. 333-282393). The Securities and Exchange
Commission declared the registration statement effective on December 9, 2024.

Simultaneously with the closing
of the IPO, we consummated the sale of an aggregate of 840,000 Private Placement Units at a price of $10.00 per Private Placement Unit,
in a private placement to the Sponsor and the representative of the underwriters of the IPO, generating gross proceeds of $8,400,000.
Of those 8,400,000 Private Placement Units, the Sponsor purchased 495,000 Private Placement Units and Roth Capital Partners, LLC purchased
345,000 Private Placement Units.

Of the gross proceeds received
from the IPO, the exercise of the over-allotment option and the Private Placement Units, an aggregate of $232,300,000 was placed in the
Trust Account.

Purchases of Equity Securities by the Issuer
and Affiliated Purchasers

None.

23

Item 6. Reserved.

Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations. 

References to the “Company,”
“us,” “our,” or “we” refer to Jackson Acquisition Company II. The following discussion and analysis
of our financial condition and results of operations should be read in conjunction with