Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 77

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 77
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 law or stock exchange listing
requirement, or we may decide to seek shareholder approval for business or other reasons.

Under the NYSE listing rules,
shareholder approval would be required for our initial business combination if, for example:

●we issue Class A Ordinary Shares that will be equal to
or in excess of 20% of the number of Class A Ordinary Shares then outstanding (other than in a public offering);

●any of our directors, officers or substantial security holders
(as defined by the NYSE rules) has a 5% or greater interest (or such persons collectively have a 10% or greater interest), directly or
indirectly, in the target business or assets to be acquired or otherwise and the present or potential issuance of ordinary shares (or
securities convertible into or exercisable for ordinary shares) could result in an increase in outstanding ordinary shares or voting
power of 5% or more; or

●the issuance or potential issuance of ordinary shares will result
in our undergoing a change of control.

The Companies Act and Cayman
Islands law do not currently require, and we are not aware of any other applicable law that will require, shareholder approval of our
initial business combination.

9

The decision as to whether
we will seek shareholder approval of a proposed business combination in those instances in which shareholder approval is not required
by law will be made by us, solely in our discretion, and will be based on business and reasons, which include a variety of factors, including,
but not limited to:

●the timing of the transaction, including in the event we determine
shareholder approval would require additional time and there is either not enough time to seek shareholder approval or doing so would
place the company at a disadvantage in the transaction or result in other additional burdens on the company;

●the expected cost of holding a shareholder vote;

●the risk that the shareholders would fail to approve the proposed
business combination;

●other time and budget constraints of the company; and

●additional legal complexities of a proposed business combination
that would be time consuming and burdensome to present to shareholders.

Permitted purchases and other transactions
with respect to our securities

In the event we seek shareholder
approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant
to the tender offer rules, our Sponsor, directors, officers, advisors or any of their affiliates may purchase public shares or public
rights in privately negotiated transactions or in the open market either prior