Company: JACS-RI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001213900-25-107171
Chunk: 86

Company: Jackson Acquisition Co II
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 86
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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, we consummated the sale of 840,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a private placement
to the Sponsor and Roth Capital Partners, LLC, representative of the underwriters (“Roth”), generating gross proceeds of $8,400,000.

Following the Initial Public Offering, the full
exercise of the over-allotment option, and the sale of the Private Placement Units, a total of $232,300,000 was placed in the Trust Account.
We incurred transaction costs of $5,157,741, consisting of $4,600,000 of cash underwriting fee and $557,741 of other offering costs.

For the nine months ended September 30, 2025,
net cash used in operating activities was $364,250. Net income of $6,891,757 was offset by interest earned on marketable securities of
$7,356,734 and changes in operating assets and liabilities, which provided $100,727 of cash from operating activities.

For the period from September 11, 2024 (inception) through September 30, 2024, net cash used in operating activities was $0. Net
loss of $49,568 was offset by formation costs (included in general and administrative costs) paid via issuance of founder shares of $8,148,
payment of general and administrative costs via promissory note of $36,420 and changes in operating assets and liabilities, which provided
$5,000 of cash from operating activities.

At September 30, 2025, we had marketable securities
held in the Trust Account of $240,215,212. We intend to use substantially all of the funds held in the Trust Account, including any amounts
representing interest earned in the Trust Account, which interest shall be net of taxes payable, if any, to complete an initial Business
Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt is used,
in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used
as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

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