Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 87

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 87
---
 described herein or with respect to any other
material provisions relating to shareholders’ rights or pre-initial business combination activity). As described herein, our Sponsor,
executive officers, directors and director nominees have agreed that they will not propose any such amendment unless we provide our public
shareholders with the opportunity to redeem their public shares upon approval of any such amendment at a per-share price, payable in cash,
equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account,
divided by the number of then outstanding public shares, subject to the limitations described herein. Our initial shareholders will lose
their entire investment in us if our initial business combination is not completed by December 11, 2026 unless we extend the amount of
time we have to consummate an initial business combination by obtaining shareholder approval to amend our amended and restated memorandum
and articles of association. While we do not currently intend to seek such shareholder approval, we may elect to do so in the future.
There is no limit on the number of extensions that we may seek. If we do not or are unable to extend the time period to consummate our
initial business combination, our Sponsor’s investment in our founder shares and our Private Placement Units will be worthless.

14

If we have not completed our
initial business combination by December 11, 2026, we will: (1) cease all operations except for the purpose of winding up; (2) as
promptly as reasonably possible but not more than 10 business days thereafter, redeem the public shares, at a per-share price, payable
in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less up to $100,000 of interest to pay
dissolution expenses and which interest shall be net of taxes payable), divided by the number of then issued and outstanding public shares,
which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further
liquidating distributions, if any); and (3) as promptly as reasonably possible following such redemption, subject to the approval
of our remaining shareholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Cayman
Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating
distributions with respect to our public rights, which will expire worthless if we fail to complete our initial business combination