Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 57

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 57
---
 signed
on the effective date of Initial Public Offering requiring the Company to register such securities for resale (in the case of the Founder
Shares, only after conversion to Class A ordinary shares). The holders of these securities will be entitled to make up to three demands,
excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggyback”
registration rights with respect to registration statements filed subsequent to completion of a Business Combination and rights to require
the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights
agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become
effective until termination of the applicable lock-up period. The registration rights agreement does not contain liquidating damages or
other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear the expenses
incurred in connection with the filing of any such registration statements.

15

Underwriting Agreement

The underwriters had a 45-day option from the
date of the Initial Public Offering to purchase up to an additional 3,000,000 Units to cover over-allotments, if any. On December 11,
2024, simultaneously with the closing of the Initial Public Offering, the underwriters elected to fully exercise the over-allotment option
to purchase the additional 3,000,000 Units at a price of $10.00 per Unit.

The underwriters were paid a cash underwriting
discount of $4,000,000 (2.0% of the gross proceeds of the Units offered in the Initial Public Offering, excluding any proceeds from Units
sold pursuant to the underwriters’ over-allotment option) on December 11, 2024, the date of the Initial Public Offering.

Business Combination Marketing Fee

The Company has engaged Roth as an advisor in
connection with its Business Combination. The Company 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 on December 11,
2024. As of June 30, 2025 and December 31, 2024, no Business Combination Marketing Fee has been incurred or recorded.

NOTE