Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 57

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 57
---
 to possible redemption, March 31, 2025 
     23,000,000  
     235,292,200 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     2,447,373 
  
    Class A ordinary shares subject to possible redemption, June 30, 2025 
     23,000,000  
     237,739,573 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     2,475,639 
  
    Class A ordinary shares subject to possible redemption, September 30, 2025 
     23,000,000  
    $240,215,212 

12

Net Income (Loss) per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” The Company has two classes of ordinary shares, which are referred
to as redeemable Class A ordinary shares and non-redeemable Class A and Class B ordinary shares. Income and losses are shared pro rata
between the two classes of ordinary shares. This presentation assumes a Business Combination as the most likely outcome. Net income (loss)
per ordinary share is calculated by dividing the net income (loss) by the weighted average ordinary shares outstanding for the respective
period.

The calculation of diluted net income (loss) per
ordinary share does not consider the effect of the rights issued in connection with the Initial Public Offering and the Private Placement
to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial Business Combination in the calculation
of diluted income per ordinary share, because their exercise is contingent upon future events. As a result, diluted net income (loss)
per ordinary share is the same as basic net income (loss) per ordinary share for the three and nine months ended September 30, 2025 and
for the period from September 11, 2024 (inception) through September 30, 2024. Accretion associated with the redeemable Class A ordinary
shares is excluded from earnings per ordinary share as the redemption value approximates fair value.

The Company has considered the effect of Class
B ordinary shares that were excluded from weighted average number as they were contingent on the exercise of over-allotment option by
the underwriters. Since the contingency was satisfied, the Company included