Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 53

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 53
---
 2025 
    For the Six Months Ended June 30, 2025

    Redeemable Class A 
    Non-redeemable Class A and Class B 
    Redeemable Class A 
    Non-redeemable Class A and Class B
  
    Numerator: 

    Allocation of net income 
    $1,802,019  
    $516,317  
    $3,533,354  
    $1,012,383 
  
    Denominator: 

    Weighted-average shares outstanding 
     23,000,000  
     6,590,000  
     23,000,000  
     6,590,000 
  
    Basic and diluted net income per ordinary share 
    $0.08  
    $0.08  
    $0.15  
    $0.15 

Recently Issued Accounting Standards

In November 2024, the FASB issued Accounting Standards
Update (“ASU”) 2024-03, “Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic
220-40): Disaggregation of Income Statement Expenses”, requiring public entities to disclose additional information about specific
expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years
beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The Company
is currently evaluating the impact of adopting ASU 2024-03.

Management does not believe that any other recently
issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s condensed
financial statements.

13

NOTE 3 — INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering, on December
11, 2024, the Company sold 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 a price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one right entitling the
holder thereof to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial Business Combination, as
described