Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 42

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 42
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; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended
Business Combination. To mitigate the risk that the Company might be deemed to be an investment company for purposes of the Investment
Company Act, which risk increases the longer the Company holds investments in the Trust Account, the Company may, at any time instruct
the trustee to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash or in an
interest bearing demand deposit account at a bank. Except with respect to interest earned on the funds held in the Trust Account that
may be released to the Company to pay its taxes, if any, the proceeds from the Initial Public Offering and the sale of the Private Placement
Units will not be released from the Trust Account until the earliest of (i) the completion of the Company’s initial Business Combination,
(ii) the redemption of the Company’s public shares if the Company is unable to complete the initial Business Combination within
24 months from the closing of the Initial Public Offering (December 11, 2026) or by such earlier liquidation date as the Company’s
board of directors may approve (the “Completion Window”), subject to applicable law, or (iii) the redemption of the Company’s
public shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and
articles of association to (A) modify the substance or timing of the Company’s obligation to allow redemption in connection with
the initial Business Combination or to redeem 100% of the Company’s public shares if the Company has not consummated an initial
Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of
the Company’s creditors, if any, which could have priority over the claims of the Company’s public shareholders.

The Company will provide the Company’s
public shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination
either (i) in connection with a general meeting called to approve the Business Combination or (ii) by means of a tender offer.
The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made
by the Company. The public shareholders will be entitled to redeem their shares for a pro rata portion of the amount held