Company: JACS-RI
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001213900-25-073677
Chunk: 6

Company: Jackson Acquisition Co II
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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public shares properly submitted in connection with a shareholder vote to amend the Company’s amended and restated memorandum and
articles of association to (A) modify the substance or timing of the Company’s obligation to allow redemption in connection with
the initial Business Combination or to redeem 100% of the Company’s public shares if the Company has not consummated an initial
Business Combination within the Completion Window or (B) with respect to any other material provisions relating to shareholders’
rights or pre-initial Business Combination activity. The proceeds deposited in the Trust Account could become subject to the claims of
the Company’s creditors, if any, which could have priority over the claims of the Company’s public shareholders.

The Company will provide the Company’s
public shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination
either (i) in connection with a general meeting called to approve the Business Combination or (ii) by means of a tender offer.
The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made
by the Company. The public shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the
Trust Account (initially $10.10 per Public Share), calculated as of two business days prior to the completion of a Business Combination,
including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay
its tax obligations, if any. 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.”

6

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