Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 639

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 5
Chunk 639
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    Risk-free rate 
     4.11 
  
    Market adjustment(1) 
     12%
  
    Fair value per share right 
    $0.12 

  (1) Market adjustment reflects additional factors not fully captured by low volatility selection, which may include likelihood of business combination occurring, market perception of lack of available or suitable targets, or possible post-acquisition decline of stock price prior to beginning of the exercise period. The adjustment is determined by comparing traded warrant prices to simulated model outputs. 

NOTE 9 — SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from
which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated
by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Executive Officer who reviews the assets, operating results, and financial metrics
for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly, management has
determined that there is only one reportable segment.

F-17

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income that also is reported on the statement of operations as net income. The measure
of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions
regarding resource allocation, the CODM reviews several key metrics included in net income and total assets, which include the following:

    December 31, 

    2024 
  
    Cash 
    $949,366 
  
    Investments held in Trust Account 
    $232,858,478 

    For the
 Period from
 September 11,
 2024 (Inception)
 Through 
December 31,
 2024 
  
    Formation and operational costs 
    $177,396 
  
    Interest earned on marketable securities held in Trust Account 
    $558,478 

The CODM reviews interest earned on marketable
securities held in Trust Account to measure and monitor shareholder value and determine the most effective strategy of investment with
the Trust Account funds while maintaining compliance with the Trust