Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 442

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 3
Chunk 442
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Item 3. Legal Proceedings.

We are not currently a party
to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation
or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial
condition or results of operations.

Item 4. Mine Safety Disclosures.

Not applicable.

22

PART II

Item 5. Market Information.

Our Public Units, Class
A Ordinary Shares and Rights are each traded on the NYSE under the symbols “JACS.U,” “JACS” and “JACS.R,”
respectively.

Holders

As of the date hereof, we
had 3 holders of record of our units, 1 holder of record of our separately traded Class A Ordinary Shares, 6 holders
of record of our Class B Ordinary Shares and 1 holder of record of our separately traded Rights. The number of record holders
was determined from the records of our transfer agent.

Dividends

We have not paid any cash
dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general
financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our
initial business combination will be within the discretion of our board of directors at such time. In addition, our board of directors
is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future. Further, if we incur any
indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants
we may agree to in connection therewith.

Securities Authorized for Issuance Under Equity
Compensation Plans

None.

Recent Sales of Unregistered Securities; Use
of Proceeds from Registered Offerings

On September 13, 2024, the
Sponsor acquired 5,750,000 Class B Ordinary Shares, par value $0.0001 per share (the “Founder Shares”), respectively, for
an aggregate purchase price of $25,000, or approximately $0.004 per share. On November 18, 2024, the Sponsor entered into a securities
transfer agreement, pursuant to which the Sponsor transferred an aggregate of 200,000 Founder Shares to our officers and