Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 56

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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 Offering and the private placement in accordance with the guidance
contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified the rights under
equity treatment at its assigned value.

Class A Ordinary Shares Subject to Possible
Redemption

The Public Shares contain a redemption feature
which allows for the redemption of such Public Shares in connection with the Company’s liquidation, or if there is a shareholder
vote or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company
classifies Public Shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control
of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable
shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering,
the Company recognized the accretion from initial book value to redemption value. The change in the carrying value of redeemable shares
will result in charges against additional paid-in capital (to the extent available) and accumulated deficit. Accordingly, as of September
30, 2025 and December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary
equity, outside of the shareholders’ equity section of the Company’s condensed balance sheets. As of September 30, 2025 and
December 31, 2024, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled
in the following table:

    Shares  
    Amount 
  
    Gross proceeds 
     23,000,000  
    $230,000,000 
  
    Less: 

    Proceeds allocated to Public Share Rights 
        
     (2,760,000)
  
    Class A ordinary shares issuance costs 
        
     (5,076,432)
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     10,694,910 
  
    Class A ordinary shares subject to possible redemption, December 31, 2024 
     23,000,000  
     232,858,478 
  
    Plus: 

    Remeasurement of carrying value to redemption value 
        
     2,433,722 
  
    Class A ordinary shares subject