Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 71

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 71
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 offering.
In a typical initial public offering, there are additional expenses incurred in marketing, road show and public reporting efforts that
may not be present to the same extent in connection with a business combination with us.

Furthermore, once a proposed
business combination is completed, the target business will have effectively become public, whereas an initial public offering is always
subject to the underwriter’s ability to complete the offering, as well as general market conditions, which could delay or prevent
the offering from occurring. Once public, we believe the target business would then have greater access to capital than as a private company
and an additional means of providing management equity incentives consistent with shareholders’ interests. It can offer further
benefits by augmenting a company’s profile among potential new customers and vendors and aid in attracting talented employees.

We are an “emerging
growth company,” as defined in the JOBS Act. We will remain an emerging growth company until the earlier of (1) the last day
of the fiscal year (a) following the fifth anniversary of the completion of our IPO, (b) in which we have total annual gross
revenue of at least $1.235 billion, or (c) in which we are deemed to be a large accelerated filer, which means the market value
of our ordinary shares that is held by non-affiliates exceeds $700 million as of the end of that year’s second fiscal quarter,
and (2) the date on which we have issued more than $1.00 billion in non-convertible debt securities during the prior three-year
period.

Additionally, we are a “smaller
reporting company” as defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage
of certain reduced disclosure obligations, including, among other things, providing only two years of audited financial statements.
We will remain a smaller reporting company until the last day of the fiscal year in which (1) the market value of our ordinary
shares held by non-affiliates equals or exceeds $250 million as of the end of that year’s second fiscal quarter, or (2) our
annual revenues equaled or exceeded $100 million during such completed fiscal year and the market value of our ordinary shares held
by non-affiliates equals or exceeds $700 million as of the end of that year’s second fiscal quarter.

6

Financial Position