Company: JACS-RI
Filing Date: 2025-01-15
Form Type: 10-Q
Source: 0001213900-25-003881
Chunk: 36

Company: Jackson Acquisition Co II
Filing Date: 2025-01-15
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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 to the Company to pay its tax obligations.
There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s rights. The Class A
ordinary shares were recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering,
in accordance with Accounting Standards Codification (“ASC”) Topic 480, “Distinguishing Liabilities from Equity.”

If the Company seeks shareholder approval in connection
with a Business Combination, it will complete a Business Combination only if it obtains the approval of an ordinary resolution under Cayman
Islands law, which requires the affirmative vote of a majority of the shareholders who vote at a general meeting of the Company. If a
shareholder vote is not required under applicable law or stock exchange listing requirements and the Company does not decide to hold a
shareholder vote for business or other reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association,
conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender
offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing
a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor, officer and
directors have agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased in or after the Initial Public
Offering in favor of approving a Business Combination (except that any Public Shares such parties may purchase in compliance with the
requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination transaction) and to
waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination. Additionally,
each public shareholder may elect to redeem its Public Shares, without voting, and if they do vote, irrespective of whether they vote
for or against a proposed Business Combination.

Notwithstanding the foregoing, if the Company
seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company’s
Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder
or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)),