Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 1075

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 9B
Chunk 1075
---
 not the surviving
company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one Class A ordinary share upon
consummation of the initial Business Combination, even if the holder of a public right redeemed all Class A ordinary shares held by it
in connection with the initial Business Combination or an amendment to the amended and restated memorandum and articles of association
with respect to the pre-business combination activities. In the event the Company will not be the surviving company upon completion of
the initial Business Combination, each holder of a right will be required to affirmatively convert its rights in order to receive the
one-tenth (1/10) of one Class A ordinary share underlying each right upon consummation of the Business Combination. No additional consideration
will be required to be paid by a holder of rights in order to receive its additional shares of Class A ordinary share upon consummation
of an initial Business Combination. The shares issuable upon exchange of the rights will be freely tradable (except to the extent held
by affiliates of the Company). If the Company enters into a definitive agreement for a Business Combination in which it will not be the
surviving entity, the definitive agreement will provide for the holders of rights to receive the same per share consideration the holders
of the Class A ordinary shares will receive in the transaction on an as-converted into Class A ordinary share basis.

The Company will not issue fractional shares in
connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed
in accordance with the applicable provisions of Cayman Islands Law. As a result, holders must hold rights in multiples of ten in order
to receive shares for all of their rights upon closing of a Business Combination. If the Company is unable to complete an initial Business
Combination within the required time period and the Company liquidates the funds held in the Trust Account, holders of rights will not
receive any of such funds with respect to their rights, nor will they receive any distribution from the assets held outside of the Trust
Account with respect to such rights, and the rights will expire worthless. Further, there are no contractual penalties for failure to
deliver securities to the holders of the rights upon consummation of an initial Business Combination. Additionally, in no event will the
Company be required to net cash settle the rights. Accordingly, the rights may expire worthless.

NOTE 8 — FAIR VALUE MEASUREMENTS