Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 64

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 64
---
 a result of being a public
company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

For the three months ended June 30, 2025, we had
net income of $2,318,336, which consisted of interest earned on marketable securities held in Trust Account of $2,447,373, offset by general
and administrative expenses of $129,037.

For the six months ended June 30, 2025, we had
net income of $4,545,737, which consisted of interest earned on marketable securities held in Trust Account of $4,881,095, offset by general
and administrative expenses of $335,358.

Liquidity and Capital Resources

On December 11, 2024, we consummated the Initial
Public Offering of 23,000,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the amount
of 3,000,000 Units, at $10.00 per Unit, generating gross proceeds of $230,000,000. Simultaneously with the closing of the Initial Public
Offering, we consummated the sale of 840,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement
to the Sponsor and Roth Capital Partners, LLC, representative of the underwriters (“Roth”), generating gross proceeds of $8,400,000.

Following the Initial Public Offering, the full
exercise of the over-allotment option, and the sale of the Private Placement Units, a total of $232,300,000 was placed in the Trust Account.
We incurred transaction costs of $5,157,741, consisting of $4,600,000 of cash underwriting fee and $557,741 of other offering costs.

For the six months ended June 30, 2025, net cash
used in operating activities was $227,705. Net income of $4,545,737 was offset by interest earned on marketable securities of $4,881,095
and changes in operating assets and liabilities, which provided $107,653 of cash from operating activities.

At June 30, 2025, we had marketable securities
held in the Trust Account of $237,739,573. We intend to use substantially all of the funds held in the Trust Account, including any amounts
representing interest earned in the Trust Account, which