Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 78

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 78
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 as a result of new information, future events or otherwise.

Overview

We are a blank check company incorporated in the
Cayman Islands on September 11, 2024 formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share
purchase, reorganization or other similar business combination with one or more businesses (“Business Combination”). We intend
to effectuate our Business Combination using cash derived from the proceeds of the Initial Public Offering and the sale of the Private
Placement Units, our shares, debt or a combination of cash, shares and debt.

We expect to continue to incur significant costs
in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

19

Results of Operations

We have neither engaged in any operations nor
generated any revenues to date. Our only activities from September 11, 2024 (inception) through June 30, 2025 were organizational activities,
those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business Combination.
We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating
income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as 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,