Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 56

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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2024 through the earlier of the Company’s consummation of a Business Combination or its liquidation,
to pay an aggregate of $10,000 per month for office space and administrative and support services. For the three and six months ended
June 30, 2025, the Company incurred $30,000 and $60,000 for these services, respectively. At June 30, 2025 and December 31, 2024, the
Company owed $67,000 and $7,000, respectively, for these services.

Related Party Loans

In order to finance transaction costs in connection
with a Business Combination, the Sponsor, any of its affiliates or certain of the Company’s directors and officers may, but are
not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business
Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise,
the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does
not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds
held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital
Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either
be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such
Working Capital Loans for each such person may be convertible into Units of the post-Business Combination entity at a price of $10.00
per Unit. The Units would be identical to the Private Placement Units. As of June 30, 2025 and December 31, 2024, there are no Working
Capital Loans outstanding.

NOTE 6 — COMMITMENTS

Registration Rights

The holders of the Founder Shares, Private Placement
Shares, Private Placement Units, and any Units that may be issued upon conversion of the Working Capital Loans (and any Class A ordinary
shares issuable upon the exercise of the Private Placement Units and Units that may be issued upon conversion of Working Capital Loans
and upon conversion of the Founder Shares) will be entitled to registration rights pursuant to a registration rights agreement to be