Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 1262

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 12
Chunk 1262
---
,309)

    Accretion for Class A ordinary shares to redemption amount 
     —  
     —  
     —  
     —  
     (10,694,910) 
     —  
     (10,694,910)

    Net income 
     —  
     —  
     —  
     —  
     —  
     381,082  
     381,082 

    Balance – December 31, 2024 
     840,000  
    $84  
     5,750,000  
    $575  
    $408,122  
    $381,082  
    $789,863 

The accompanying notes are an integral
part of the financial statements.

F-5

JACKSON ACQUISITION COMPANY II

STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM SEPTEMBER 11,
2024 (INCEPTION) THROUGH DECEMBER 31, 2024

    Cash Flows from Operating Activities: 

    Net income 
    $381,082 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
     8,148 
  
    Payment of operation costs through promissory note 
     60,420 
  
    Interest earned on marketable securities held in Trust Account 
     (558,478)
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (198,037)
  
    Accounts payable and accrued expenses 
     (2,968)
  
    Due to Sponsor 
     7,000 
  
    Net cash used in operating activities 
     (302,833)

    Cash Flows from Investing Activities: 

    Investment of cash into Trust Account 
     (232,300,000)
  
    Net cash used in investing activities 
     (232,300,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of Units, net of underwriting discounts paid 
     225,400,000 
  
    Proceeds from sale of Private Placement Units 
     8,400,000 
  
    Payment of offering costs 
     (247,801)
  
    Net cash provided by financing activities 
     233