Company: JACS-RI
Filing Date: 2025-03-18
Form Type: 10-K
Source: 0001013762-25-000620
Chunk: 85

Company: Jackson Acquisition Co II
Filing Date: 2025-03-18
Form: 10-K
Item: Item 1
Chunk 85
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 The Depository
Trust Company’s DWAC (Deposit/Withdrawal At Custodian) System, rather than simply voting against the initial business combination.
The tender offer or proxy materials, as applicable, that we will furnish to holders of our public shares in connection with our initial
business combination will indicate whether we are requiring public shareholders to satisfy such delivery requirements, which will include
the requirement that a beneficial holder must identify itself in order to validly redeem its shares. Accordingly, a public shareholder
would have from the time we send out our tender offer materials until the close of the tender offer period, or up to two business
days prior to the initially scheduled vote on the business combination if we distribute proxy materials, as applicable, to tender its
shares if it wishes to seek to exercise its redemption rights. Pursuant to the tender offer rules, the tender offer period will be not
less than 20 business days and, in the case of a shareholder vote, a final proxy statement would be mailed to public shareholders
at least 10 days prior to the shareholder vote. However, we expect that a draft proxy statement would be made available to such shareholders
well in advance of such time, providing additional notice of redemption if we conduct redemptions in conjunction with a proxy solicitation.
Given the relatively short exercise period, it is advisable for shareholders to use electronic delivery of their public shares.

13

There is a nominal cost associated
with the above-referenced tendering process and the act of certificating the shares or delivering them through the DWAC System. The transfer
agent will typically charge the tendering broker a fee of approximately $80.00 and it would be up to the broker whether or not to pass
this cost on to the redeeming holder. However, this fee would be incurred regardless of whether or not we require holders seeking to exercise
redemption rights to tender their shares. The need to deliver shares is a requirement of exercising redemption rights regardless of the
timing of when such delivery must be effectuated.

In order to perfect redemption
rights in connection with their business combinations, many blank check companies would distribute proxy materials for the shareholders’
vote on an initial business combination, and a holder could simply vote against a proposed business combination and check a box on the
proxy card indicating such holder was seeking to exercise his or her redemption rights. After the business combination was approved, the
company would contact such shareholder to arrange for him or her to deliver his or her certificate to verify ownership.